Description

An accountant for a company performs the accounting functions for their company. They usually work as part of an financial or accounting team, however, the majority the work they do is performed on their own. The tasks typically carried out by company accountants are keeping track of accounts, keeping journals and ledgers as well as writing reports (such ones on budgets as well as earnings). Accountants from companies are also required to present their findings and must also ensure that the departments they oversee adhere to the rules and company policies.

The accountant of the company is accountable for logging invoices into the company's computer system and also processing transactions. They may also be required to handle billing and send bills to customers. They analyze business transactions, take care of accounts payable, and monitor the billing requirements. They could be also responsible for creating and implementing budgets for their business.

To become a corporate accountant, typically you must have a minimum Bachelor's Degree in Accounting is required. Experience in the field is usually necessary, as is proficiency in basic computer programs is required. Accounting professionals usually operate in offices during business hours however, alternative hours and/or extended hours could be required based on the needs of their employers.

Roles & Responsibilities

As a Company Accountant with 6-9 years of experience in the United States, your main responsibilities include:

  • Managing financial records and ensuring accurate bookkeeping.Maintaining and organizing financial data to facilitate smooth financial operations.
  • Preparing financial statements and reports for internal and external stakeholders.Creating comprehensive financial reports to provide insights into the company's financial health.
  • Conducting financial analysis and providing recommendations for improvement.Analyzing financial data to identify trends, patterns, and areas for cost optimization.
  • Ensuring compliance with accounting laws, regulations, and company policies.

Qualifications & Work Experience

For a Company Accountant job role, the following qualifications are required:

  • Bachelor's degree in Accounting or Finance to ensure a strong foundation in financial principles and practices.
  • Proficiency in using accounting software such as QuickBooks or SAP to accurately record and analyze financial transactions.
  • Keen attention to detail to ensure accuracy in preparing financial statements, reconciling accounts, and identifying discrepancies.
  • Strong knowledge of tax regulations and compliance to navigate complex tax laws and fulfill reporting requirements accurately and on time.

Essential Skills For Company Accountant

1

Accounting

2

Documentation

3

Ledger Accounting

Skills That Affect Company Accountant Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Financial Accounting

2%

Ledger Accounting

4%

Career Prospects

The role of Company Accountant is crucial for maintaining financial stability and managing accounts effectively. For seasoned professionals with 6-9 years of experience in the United States, here are following alternative roles to consider:

  • Senior Financial Analyst: A role involving in-depth financial analysis, strategic planning, and forecasting to support decision-making and optimize performance.
  • Tax Manager: An opportunity to specialize in tax compliance, tax planning, and ensuring adherence to regulatory requirements.
  • Audit Manager: A position responsible for overseeing internal and external audits, ensuring compliance with audit standards, and identifying areas for improvement.
  • Financial Controller: A leadership role managing overall finance operations, financial reporting, budgeting, and implementing financial controls.

How to Learn

The job role of Company Accountant in the United States is expected to experience steady growth in the market. According to a 10-year analysis, the demand for Company Accountants is projected to increase due to increased financial regulations and the complexity of corporate finances. This trend is supported by Google data indicating a rise in job postings for Company Accountants. With organizations placing greater importance on financial reporting and compliance, there is expected to be a notable increase in the number of employment opportunities for Company Accountants in the future.