RESPONSIBILITIES AND ROLES:

ACCOUNTANTS' DUTIES AND FUNCTIONS CHANGE BASED ON THE SORT OF COMPANY THEY WORK FOR, THEIR POSITION TITLE, AND THEIR DEGREE OF EXPERTISE. FOLLOWING ARE A FEW ACCOUNTING SERVICES RYDE THAT ACCOUNTANTS FREQUENTLY OFFER:

• KEEPING TRACK OF FINANCIAL TRANSACTIONS: ACCOUNTANTS MAINTAIN A SYSTEMATIC, ORDERLY RECORD OF ALL FINANCIAL ACTIVITIES, INCLUDING PURCHASES, SALES, PAYMENTS, AND RECEIPTS.

• ACCOUNTANTS GENERATE FINANCIAL STATEMENTS, SUCH AS BALANCE SHEETS, INCOME STATEMENTS, AND CASH FLOW STATEMENTS, WHICH GIVE A GENERAL PICTURE OF AN ORGANIZATION'S FINANCIAL PERFORMANCE AND STATUS.

• ACCOUNTANTS CONDUCT AUDITS TO ENSURE THAT FINANCIAL RECORDS AND STATEMENTS ARE ACCURATE AND COMPREHENSIVE. THIS IS CARRIED OUT TO MAKE THAT THE COMPANY COMPLIES WITH ALL APPLICABLE LAWS, RULES, AND ACCOUNTING STANDARDS.

• ACCOUNTANTS ASSIST BUSINESSES TO REDUCE THEIR TAX BILLS BY PREPARING AND FILING TAX RETURNS AND GIVING ADVICE ON TAX PLANNING TECHNIQUES.

• BUDGETING AND FORECASTING: TO ASSIST FIRMS IN PROPERLY PLANNING AND MANAGING THEIR FINANCIAL RESOURCES, ACCOUNTANTS CREATE BUDGETS AND FINANCIAL FORECASTS.

• FINANCIAL ANALYSIS: ACCOUNTANTS EXAMINE FINANCIAL INFORMATION TO OFFER MANAGEMENT, INVESTORS, AND CREDITORS INSIGHTS AND SUGGESTIONS.