Description

Staff accountants are accountable for various financial tasks and procedures, and computer abilities are crucial for this job to utilize sophisticated budgeting and auditing software applications, and also write quickly and create various reports for the company. They also have the responsibility of keeping a budget in balance and making sure that all financial statements are prepared and analyzed with care.

Staff accountants need to ensure that all federal and state regulations and laws regarding accounting practices are strictly adhered to They are often responsible for assisting the with the management of the controller's department. Being able to sit for long periods of time is essential, since they are often working on computers during their shifts. It is essential to maintain an attitude of positivity, since the ability to work in a team environment and collaborate in a group environment can keep the business functioning efficiently from within. It is essential to be reliable particularly when absence from work can cause disruption to the work flow.

It is essential to be capable of lifting up 25 pounds, since the requirement to move and lift filing cabinets and other medium and small packaging may arise. An undergraduate degree in Accounting or another related area is usually a mandatory prerequisite for this job, and some employers prefer candidates with prior experience in the field.

Roles & Responsibilities

An experienced Staff Accountant in India 3-6 years) holds the following responsibilities:

  • Prepare and analyze financial statements to ensure accuracy and compliance with laws and regulations.
  • Maintain accurate records of financial transactions, including accounts payable/receivable and general ledger entries.
  • Assist in the preparation and monitoring of budgets and financial forecasts to support decision-making.
  • Ensure compliance with tax laws and regulations, prepare tax returns, and liaise with tax authorities if necessary.

Qualifications & Work Experience

Major educational qualifications required for Staff Accountant are:

  • Bachelor's degree in Finance, Accounting, or a related field or a similar combination of training, education and previous experience.
  • Demonstrate intermediate-to-advanced skills and proficiency in Excel and various Microsoft Office applications.
  • Excellent analytical and problem-solving abilities.
  • Experience working with accounting software.
  • Great interpersonal abilities to effectively communicate throughout the company.
  • A thorough understanding about general ledger accounting as well as reconciliation of accounts.
  • Extremely detail-oriented.

Essential Skills For Staff Accountant

1

Financial Risk

2

Ledger Accounting

3

Bookkeeping

Skills That Affect Staff Accountant Salaries

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

Financial Risk

113%

Ledger Accounting

13%

Bookkeeping

5%

Career Prospects

Some Alternative job roles available for Sr. Test / Quality Assurance (QA) Engineer, (Computer Software) are:

  • Frontend Developer: Designs and develops user interfaces for websites using HTML, CSS, and JavaScript.
  • Game Developer: Creates interactive and entertaining video games using programming languages and game development tools.
  • Software Developer: Designs and develops software applications, utilizing programming languages and software development frameworks.
  • Software Quality Assurance Engineer: Ensures the quality and functionality of software products through comprehensive testing and debugging.
  • Project Manager: Oversees and manages projects, ensuring timely delivery, budget adherence, and effective team collaboration.

How to Learn

The Accounting Software market in India is expected to grow at an 8.5% CAGR (Compound Annual Growth Rate) between 2019 and 2024 in the Senior Staff Accountant sector. Over the previous two decades, the financial and accounting software market has changed dramatically. The introduction of GST was one such change in the Indian textual structure. Thus Accounting careers are in high demand both in India and overseas, with job vacancies in the accounting sector and auditors predicted to increase yearly.