An accountant is someone who is responsible for handling and reporting all the financial records of an organisation. The accountant takes care of all the data related to the transaction, investment, credit, debit and other actives related to finance. The daily duties of an accountant will vary by position some of the most common tasks and responsibilities of accountants include:

Roles and Responsibilities 

• Accountant ensures the accuracy of financial documents as well whether they are compliant with the laws and regulations. All the data should be recorded and managed according to the regulations set by the government.

• An accountant prepares and maintains financial records.

• An accountant is responsible for evaluating financial operations. An accountant can recommend best practices, identify issues and strategize solutions and help the business run effectively.

• Along with accounting, an accountant can suggest guidance on cost reduction, revenue enhancement and profit maximisation that could benefit the business. Since all the information and data is handled and managed by an accountant he can give you insight into the business helping you to make strategic decisions that could benefit your business.

• An accountant is responsible for conducting forecasting and risk analysis assessments.

Accounting is part of financial management. Additionally, accountants have a legal obligation to act honestly and avoid negligence in their practices. As such, they are also responsible for ensuring that their clients’ financial records are compliant with the relevant laws and regulations.

There are many service providers who offer professional accounting services to firms. Small businesses usually fail to manage their accounts properly hence it is recommended to hire a professional accountant who can perform all these roles and responsibilities accurately.