Role and Job Responsibilities of an Accountant Manager
Efficient accounting is extremely essential for effective management of finances in an organization. The process also requires analytical skills and expertise to ensure sound financial health to an organization. Accounting work incorporates a number of activities such as balancing expenditure, computation of taxes as well as management of the accounts and finances.
Good accounting is crucial to every organization, irrespective of its size or industry. It is equally important for small, medium and large enterprises. A number of people establish a new business everyday. Consequently, there is drastic increase in the demand for an accountant manager.
An accountant manger needs to acquire knowledge regarding business accounting. This is essential for supporting the business in a proper manner. Moreover, the person must be familiar with the financial tools and have a thorough understanding about their usage to ensure proper management of business. Besides this, the individual must also be capable of preparing and interpreting the financial statements like profit and loss statements, cash flow statements and balance sheets.
The accountant manager needs to fulfill several key responsibilities within an organization. The individual maintains business records and establishes company accounts. Moreover, the person reviews all the financial records on a regular basis. He/she also provides structured advice associated with taxation and finances. This helps in continuous evaluation of the financial health of a business. The accounting figures help in planning for profit, cash flow and growth prospects to enable accurate financial forecasting. Besides this, the person is also responsible for assessment of the financial reports on a periodic basis. In addition, an accountant manager is also responsible for management of funds, payroll, tax returns as well as sales tax returns which form a part of the quarterly returns.
Apart from these, an accountant manger must have knowledge about the latest accounting software packages. This not only saves time and resources, but also enables better interpretation of financial information. The assessment of financial information like assets, liabilities, cash flow, fund flow and capital requirements enable an organization to plan for its future course of action.
In a nutshell, it can be concluded that an accountant manager is responsible for management of overall accounting activity within an organization. This makes him/her a key resource for the organization. Extreme accuracy and precision is the essence of efficient accounting task. Therefore, the person must ensure the same in his/her own accounting work. Diligence and financial prudence is necessary to ensure constant business growth.