Accounting staff, also known as staff accountants, are responsible for a variety of financial tasks that keep a business running smoothly:
Recording transactions: Staff accountants record financial activities like income and expenses, and track assets, liabilities, profits, and losses.
Maintaining ledgers: They ensure that the general ledger, which contains all financial data, is accurate and up to date.
Reconciling accounts: They compare financial records to bank statements to ensure there are no discrepancies.
Managing invoices: They prepare and process invoices for clients and vendors, and ensure payments are made and received on time.
Preparing financial statements: They prepare financial statements and documents for organizations that aren't subject to Securities and Exchange Commission reporting requirements.
Preparing tax returns: They prepare and file tax returns.
Recommending cost-saving measures: They recommend ways to reduce costs and increase revenue.
Preparing documentation for auditors: They prepare documentation for external auditors.
Working with clients: They may deal directly with clients, suppliers, or service users to resolve issues like late payments, refunds, or account details.
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Staff accountants typically work full time during office hours, but may need to be responsive outside of those hours. They usually need a bachelor's degree in accounting or a related field.