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Duties & Responsibilities of an Accountant! And Why Hire Them!

by Shams Urrehman Accounting Services
Whether you’re a big-shot of a commercial establishment or a small-scale business, or even a start-up, hiring an accountant is absolutely beneficial, exquisitely in an ever-changing market. There are different types of accountants based on the works that they individually do. Nonetheless, both private and public sectors are benefited by them.

The following article should elaborate on what the duties and responsibilities of an accountant are why exactly you should be hiring an accountant or accountants in London.

Duties & Responsibilities of an Accountants

Accountants are basically known by virtue of their works. Here therefore, are a few of the duties as well as responsibilities:

First, a company’s or a firm’s accounting structure is a very important aspect of the business. Therefore, one of the major responsibilities of an accountant involves the gathering of financial data which relates to your company or your firm. The accountant, based on this financial data, maintains the books of accounts complying with the laws as provided by the legal authorities. By maintaining your accounts well, the accountant can easily develop, apply and maintain financial data bases for your
firm/company. 

Second, an accountant performs analytical functions by making use of the financial data which helps in the making of decisions related to business. This in term, helps in making business plans.  The plan comprises kof the means to be utilized in the business or the manner the business is to be done or what the expenditure trends are or what the financial commitments would be require and so on.

Thirdly, accountants prepare financial statements like Cash Flow, Balance Sheet, Profit & Loss etc. These documents are usually inclusive of trimestral as well as year-end closing documents. These go on in helping the accountant to perform the necessary budgetary forecasts to keep your business going. These are also used develop, apply as well as operate organization’s financial software and systems, like Excel or Hyperion etc.

Fourthly, an accountant keeps your firm and/ company updated on the legal procedures and also meet with deadlines especially those of taxes. The accountant also, at times; audit processes by helping in preparing financial data.

Fifth, an accountant is usually impartial and hence, enables you to know the present financial situation of your firm or company. Thus you remain in light about where your company presently stands!

Finally, being acquainted with a variety of people working in the same sector(s), an accountant get you hooked with people who could actually make you prosper.

The above is to enable you to realize how important it, to hire an Accountant is. In case you are looking for Accountants in London, do contact Accounts Direct which is an accountancy company and have gained much popularity in the preceding years.


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About Shams Urrehman Freshman   Accounting Services

6 connections, 0 recommendations, 25 honor points.
Joined APSense since, November 1st, 2017, From Canary Wharf, United Kingdom.

Created on Mar 14th 2018 00:33. Viewed 386 times.

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