A person can be considered an accountant if they record accounting functions on behalf of an organization, report on the company’s performance to manage, and produce financial statements.
Within a company, an accountant may play a role in the development of several processes, most of which will consist of multiple controls to make certain that assets are being managed appropriately.
In addition to this, accountants keep a record of the financial transactions of businesses over time. They gather the necessary data to prepare records for financial statements, such as the general ledger, which they are responsible for compiling.
Accountants are more responsible for resolving any inconsistencies or irregularities discovered in records, statements, or transactions that are documented. They usually adhere to the predetermined procedures for accounting control by using software or a computerized accounting system.
● Create a record of your financial dealings by entering your account information.
● Make suggestions for courses of action concerning the economy after investigating the various accounting possibilities.
● Collecting information, preparing balance sheets, profit and loss statements, and other reports, and providing a summary of the current state of the company’s finances
● After compiling and analyzing account information, you will need to prepare entries for the asset, liability, and capital accounts.
● Verify the legitimacy of the business dealings by checking the relevant documents.
● Keep accounting controls by drafting policies and procedures and making recommendations regarding their use.
● Direct the clerical and accounting staff by coordinating their activities and providing answers to their questions.
● Create and document your company’s operational procedures and accounting policies to maintain and improve your internal controls.
● Maintain clear and effective communication with customers.
● Make a positive contribution to the development of a strong relationship with the client by interacting favorably with client personnel.
● Maintain communication with the Manager and/or Director regarding the current state of the work and
any client concerns that may arise.
● Create the budget and prepare the financial statements following the timetable.
● To ensure compliance, direct both internal and external audits.
● The work of the staff should be planned, distributed, and evaluated.
● Maintain the close process at the end of each month and the year.
● Offer assistance in specialized areas and management guidance.
● Audit the existing accounting systems and make suggestions for improvements to the generally accepted accounting procedures.
● Participate in the process of setting financial standards as well as the forecasting process.
● Contribute your ideas to the department’s process of goal-setting.
● Carry out monthly, quarterly, and annual accounting activities, which may include account reconciliations for banks and credit card companies, the coordination and completion of annual audits, and the review of financial reports and support as required.
● Experience in accounting spanning at least five years.
● Knowledge and experience using QuickBooks.
● Knowledge and experience in the depth of Indian GAAP.
● Expertise with Microsoft Office, accounting software, and database applications on a computer.
Superior abilities in project management, communication, problem-solving, and organizational structure
● Extra training and experience in auditing as well as international accounting
● Acquaintance with the SaaS business sector
● Must have a CA certificate.
A person working as an Accountant in India typically earns around 21,900 INR per month. Salaries range from 10,300 INR (lowest) to 34,500 INR (highest).
The average monthly salary includes housing, transport, and other benefits. Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.