Accountants manage a company's financial matters, including:
Financial records: Organize, analyze, and maintain financial records, such as ledgers, journals, and registers
Financial statements: Prepare financial statements, such as balance sheets, profit and loss statements, and cash-flow statements
Taxes: Compute taxes owed, prepare tax returns, and ensure taxes are paid properly and on time
Financial audits: Conduct financial audits, both internally and externally
Financial advice: Provide financial advice to clients, such as on tax planning, business transactions, and insolvency
Financial systems: Manage financial systems and budgets
Risk assessment: Identify risks and challenges, and make recommendations to management
Cost reduction: Suggest ways to reduce costs, enhance revenues, and improve profits