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Accountants analyze the information recorded by the bookkeeper. They use this data to prepare financialstatements, such as income statements, balance sheets, and cash flow statements. Various stakeholders use financialstatements to make informed decisions.
As an accountant, your responsibilities may include: Bookkeeping: You may record transactions for companies, helping them keep track of their expenses and income for tax, fundraising, and other purposes. CPAs audit financialstatements and serve as tax, business and financial consultants to businesses and individuals.
Recording transactions, Managing accounts receivable and payable, Monitoring the cash flow, Reconciling bank accounts, Creating journal entries, Issuing invoices, Payroll tax preparation, income tax, sales tax, tax return, etc. A full-charge bookkeeper is not a certified public accountant.
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