Who is an accountant?

Posted by Ali Tariq on November 28th, 2019

An accountant is a person who handles accounting. He is a person who settles all the financial issues that are faced by a business organization. Typically, an accountant's job is available in any industry like the hospital, offices, and other organizations. An accountant can also be called as a bookkeeper. The job of an accountant is not just an easy task since he needs to have records of all the receipts and payment vouchers and also other vouchers. To identify the best accountants in your town, you can Google search as best bookkeepers near me, and you will get a detailed list of them. An accountant is a person who dedicates his time and effort to uplift the performance and growth of the business organization. 

What do you know about accounting?

Accounting is the procedures of collecting, analyzing, recording, summarizing, and communicating financial information to the users of accounts. There are several benefits of accounting to a corporate business industry like:

  • To provide information to the users of accounts

  • To identify the financial performance of the organization

  • To determine the financial performance of the business

  • To pay tax

  • To make future decisions

Accounting can be divided into two as:

  1. Financial accounting- These are financial information that is prepared annually using past data. This provides external financial statements for general uses by stakeholders, creditors, and government regulators. When making this type of accounts, the bookkeepers must adhere to generally accepted accounting principles.

  2. Management accounting- This is the accounts that is prepared whenever the management requires it, and this developed through the present and future data. This accounting provides internal reports to the needs of managers and officers inside the business organization. Basic accounting standards need not be followed here.

What are the skills and abilities that are required to be a bookkeeper?

  • Should be a person who has the basic knowledge of accounting

  • Should know all the essential elements of accounting

  • Identifying the accounting practices correctly

  • Should see the accounting standards

  • Ability to enter data and information correctly

  • Reliability and accuracy in performing the task

What are the duties of a bookkeeper?

An accountant can differ from a bookkeeper due to the activities and duties that are assigned to him. Usually, an accountant is a person who prepares the final main accounts of a business organization. A bookkeeper is a person who handles all the statements until the trial balance and hands them over to the principal accountant of the company. Bookkeeping services gold coast is available for a good experience and trained bookkeepers.

The duties that are performed by a bookkeeper are as follows:

  • Obtaining the relevant information from the source documents.

  • Recording that information in the original entry books.

  • Recording those entries according to the double-entry bookkeeping (one side should be debited, and the other hand should be credited).

  • Should maintain a proper set of ledger accounts.

  • Transferring the ledger account balances to a trial balance.

  • Handling with maintaining details of payments and receipts.

  • Handling all type of cash budget that involves cash inflows and outflows.

How much do bookkeepers earn?

Currently, bookkeepers earn relatively a high range of salary according to the business type. There is a high demand for a bookkeeping job in the business market. But most of the people find it very hard to manage this job since there is more cooperation in handling the job. A well trained and experienced bookkeeper can come up with this situation.

A bookkeeper can earn a salary level that is very much similar to an accountant. The average salary rate of a bookkeeper is ,000- ,000, but they can receive more according to the performance level. A bookkeeper can be considered as a good career among many careers in the market today.

Conclusion 

Many corporate businesspeople worry about finding a bookkeeper for their business who can manage the work accordingly and adequately. All that you need to do is search as bookkeepers near me and see for the best. At the gold coast, there is a vast range of best bookkeepers available for many businesses. The services that are provided by the bookkeepers are unique and excellent. Business owners at the gold coast consider Bookkeeping services gold coast is a very convenient and secure method that is followed.

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Ali Tariq

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Ali Tariq
Joined: April 19th, 2018
Articles Posted: 903

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