Key Roles and Responsibilities of Accountant 1. Recording Transactions Systematic documentation: Accountants record all business transactions—ranging from daily sales to major expenses—in a structured and organized manner. Reconciliation: They reconcile accounts to ensure accuracy and resolve any discrepancies between financial records. 2. Preparing Financial Statements Report generation: Accountants prepare essential financial reports such as the balance sheet, income statement, and cash flow statement. Closing processes: They manage monthly, quarterly, and annual closing procedures to finalize financial results for each period. 3. Analyzing and Forecasting Financial analysis: Accountants analyze financial data to assess a company’s performance, stability, and growth potential. Budgeting and forecasting: They create budgets and financial forecasts to guide future operations and support informed decision-making. 4. Ensuring Regulatory Compliance Tax preparation: A key duty involves cal
