Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
I am working as accountant My organisation has different department, i want know what is actually accoutant job responsibiltiy. How to cordination with HR & Admin department related with Accounts
Dear Friend,

To my knowledge accounting/finance department is one of the key department in company. They holds entire data of company. According to Statutory norms company has to maintain records Like Cash, Bank books, General Ledgers, Debtors, Creditors and statutory records like ESI, P.F, Service Tax, Central Excise , STPI etc...

If company want to maintain all these records, they need a person who specially trained called an accountant.

company point of view to know the accurate profits as of date and where they stand now, They should appoint a person who maintain the all financial transactions in systematic way according to GAAP called accountant.

Generally Accountant qualification starts from to Charted Accountancy.

in today's job maket we cannot define the accountant job in one scenario, he has to work in diverse of fields.. Since we are all working in Pvt companies to sustain our jobs we have to comply the management guidelines.

any way I will try to elaborate some of Accountant roles in company .

Track the day to day expenditure of company/Firm as well as Income too

Preparing of Vouchers like general, Petty cash, Bank etc.. with supporting documents.

need to take Autorisation signatures/approvals from above payments from management

Entering the vouchers in accounting software's like Tally/ Focus etc.. or Manual writing

Raising the Invoices or Bills where company made sales/Services etc...

Follow up of the receipts from vendors where company made sales/ Service etc..

If company is small organisation need to taking care of Payroll and calculation of P.F , P.T , ESI according to statutory norms for company employees.

Maintain of Fixed Asset registrars and tracking of the same

General Office Administration Work

monitoring of Cash and Bank Positions

Preparing of Cheques for making the payments to various vendors or govt. payments etc..

Maintain of all statutory and company records in systematic way.

Preparing of Bank, Vendors Reconciliation statements

Preparing of statutory returns for P.F , P.T , ESI, STPI etc. periodically

Preparing of challans for making payment for P.F , P.T ,ESI , TDS , Service Tax with in stipulated time

Maintaining of Petty cash payments

Preparing of reports according to Management and other departments if they required

Preparing of Trading and Profit and Loss account and Balance Sheets on yearly basis to submit Income Tax and ROC with in stipulated time according to Company Auditor guidance.

apart from above there are lot jobs to be done by accountants it is all depend on company and nature of business .....since we are all working in Pvt companies and we cannot stick for one specific job role and we should comply to management guidelines.

above answer is according to my knowledge if you wait some more time our seniors will give you appropriate answer .

I wish you all the best.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™