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
From India, Mumbai
Acknowledge(0)
Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
To my knowledge, the accounting/finance department is one of the key departments in a company. They hold the entire data of the company. According to statutory norms, the 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 the company wants to maintain all these records, they need a person who is specially trained, called an accountant. From the company's point of view, to know the accurate profits as of date and where they stand now, they should appoint a person who maintains all financial transactions in a systematic way according to GAAP, called an accountant.
Generally, an accountant's qualification starts from B.Com to Chartered Accountancy.
In today's job market, we cannot define the accountant's job in one scenario; they have to work in diverse fields. Since we all work in private companies to sustain our jobs, we have to comply with management guidelines.
Roles of an Accountant in a Company
- Track the day-to-day expenditure of the company/firm as well as income too.
- Prepare vouchers like general, petty cash, bank, etc., with supporting documents.
- Need to take authorization signatures/approvals for payments from management.
- Enter the vouchers in accounting software like Tally, Focus, etc., or manually.
- Raise the invoices or bills where the company made sales/services.
- Follow up on receipts from vendors where the company made sales/services.
- If the company is a small organization, need to take care of payroll and calculate P.F., P.T., ESI according to statutory norms for company employees.
- Maintain fixed asset registers and track the same.
- General office administration work.
- Monitor cash and bank positions.
- Prepare checks for making payments to various vendors or government payments, etc.
- Maintain all statutory and company records in a systematic way.
- Prepare bank and vendor reconciliation statements.
- Prepare statutory returns for P.F., P.T., ESI, STPI, etc., periodically.
- Prepare challans for making payments for P.F., P.T., ESI, TDS, Service Tax within stipulated time.
- Maintain petty cash payments.
- Prepare reports according to management and other departments if required.
- Prepare trading and profit and loss account and balance sheets on a yearly basis to submit Income Tax and ROC within stipulated time according to Company Auditor guidance.
Apart from the above, there are a lot of jobs to be done by accountants, all depending on the company and nature of the business. Since we all work in private companies and cannot stick to one specific job role, we should comply with management guidelines.
The above answer is according to my knowledge. If you wait some more time, our seniors will give you an appropriate answer.
I wish you all the best.
From India, Hyderabad
Acknowledge(0)Amend(0)
86If the company wants to maintain all these records, they need a person who is specially trained, called an accountant. From the company's point of view, to know the accurate profits as of date and where they stand now, they should appoint a person who maintains all financial transactions in a systematic way according to GAAP, called an accountant.
Generally, an accountant's qualification starts from B.Com to Chartered Accountancy.
In today's job market, we cannot define the accountant's job in one scenario; they have to work in diverse fields. Since we all work in private companies to sustain our jobs, we have to comply with management guidelines.
Roles of an Accountant in a Company
- Track the day-to-day expenditure of the company/firm as well as income too.
- Prepare vouchers like general, petty cash, bank, etc., with supporting documents.
- Need to take authorization signatures/approvals for payments from management.
- Enter the vouchers in accounting software like Tally, Focus, etc., or manually.
- Raise the invoices or bills where the company made sales/services.
- Follow up on receipts from vendors where the company made sales/services.
- If the company is a small organization, need to take care of payroll and calculate P.F., P.T., ESI according to statutory norms for company employees.
- Maintain fixed asset registers and track the same.
- General office administration work.
- Monitor cash and bank positions.
- Prepare checks for making payments to various vendors or government payments, etc.
- Maintain all statutory and company records in a systematic way.
- Prepare bank and vendor reconciliation statements.
- Prepare statutory returns for P.F., P.T., ESI, STPI, etc., periodically.
- Prepare challans for making payments for P.F., P.T., ESI, TDS, Service Tax within stipulated time.
- Maintain petty cash payments.
- Prepare reports according to management and other departments if required.
- Prepare trading and profit and loss account and balance sheets on a yearly basis to submit Income Tax and ROC within stipulated time according to Company Auditor guidance.
Apart from the above, there are a lot of jobs to be done by accountants, all depending on the company and nature of the business. Since we all work in private companies and cannot stick to one specific job role, we should comply with management guidelines.
The above answer is according to my knowledge. If you wait some more time, our seniors will give you an appropriate answer.
I wish you all the best.
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Job Description - HR & Admin.doc