Job Description of Accountant

The demand for accounting is increasing day by day and so do the accountants. Here are some fields of accounting and their description:-

1. Role of an accountant in school

- Prepare the annual budget for the school and update it whenever needed.

- Assist in annual audits and liaise with all the parties involved.

- Help to produce monthly reports for the finance committee.

- Prepare income and expenditure reports and accounts for submission.

- Responsible for overseeing the bank accounts, monthly appeasement, and reporting banking errors to the related management.

- Ensure financial policies are reviewed and help in meeting financial requirements.

- Assist in preparing accurate accounts and payments.

- Responsible for reimbursement of collection for banking, security, fundraising, and school trips.

2. Role of accountant in a construction company

- Perform high-level accounting work and maintain fiscal records.

- Prepare and submit general ledger, bank reconciliations, accounts payable, and calculate wages/salary.

-  Maintain and review accounting files, perform monthly closings, and prepare/organize various reports, financial forms, and analyses.

-  Issue invoices and purchase orders, as well as pay consultants, vendors, subcontractors, and supplier bills.

- Review and analyze the capitalization of costs and ensures compliance with the policy by managing the process for invoices/payment applications and lien releases for contractors, subcontractors, and vendor invoices.

- review all construction/project budgets, including work plans, staffing, and fee structures which help to promote the smooth running of the construction.

- Maintain budget, and try to lessen the cost with various suggestions as per requirement.

3. Role of accountant in hospital

- Balancing patient accounts and taking payments for services rendered.

- Reviewing bills and claims for accurate information.

- Entering data into the company’s database.

- Handling incoming and outgoing email and physical mail.

- Maintaining and protecting employee payrolls.

- Maintaining all staff and patient files in the company’s database.

- Preparing billing reports and other documents to provide to state or federal government agencies as needed.

- Identifying and resolving problems and inaccuracies in date entries.

- Interacting with patients, physicians, policy representatives, and other people as necessary to collect payments.

4. Role of accountant in Restaurant

- Providing financial information to management by researching and analyzing accounting data.

- Preparing asset, liability, and capital account entries by analyzing account information.

- Documentation of financial transactions by updating account data.

- Recommending financial actions and summarizing the current financial status.

- Collecting data, preparing balance sheets, and profit and loss statement.

- Handling financial transactions by auditing documents.

- Maintaining accounting control by preparing policies and procedures.

- Directing accounting clerical staff by coordinating activities and answering queries.

- Coordinating financial issues by collecting and analyzing accounting data.

- Securing financial data by completing database backup.

- Maintaining financial security by following internal controls.

- Preparing payment by verifying documentation and requesting disbursement.

5. Role of accountant in Real estate 

- Create detailed journal entries and post them to the general ledger (GL) to track all income statements and expenses.

- Handle all accounts payable and receivable on a daily basis to make sure each invoice and expense report is accurate.

- Reconcile all business accounts to ensure our records match up and no transaction gets lost.

- Enter financial data into computer software, making sure all bills and invoices are filed correctly.

- Facilitate all incoming payments and outgoing checks, including printing, obtaining signatures for, and distributing checks as necessary.

- Follow up with vendors for accounts payable and keep in touch as needed for collections and ensure bills are paid on time.

- Prepare for quarterly reporting using standard best practices and assist in monthly closings.

- Assist the real estate team or other staff accountants with other accounting duties as needed.

6. Role of an accountant in a bank

- Maintaining records and overseeing daily transactions.

- Balance the debit and credit every day and close the transactions.

- rectify and resolve errors including adjusting accounting entries.

 - Monitor records and find out the suspicious transactions or if there are any unusual activities from any bank accounts.

- Find out the red flags and solve those problems immediately.

- Follow the government rules and regulations while preparing the sheets and records.

- Compile and present formal documentation of all the reports.

- Maintaining confidentiality of personal information.

- Developing problem solving skills, and keen eye to find all the small and big problems.