In most situations companies always hire accountants to carry out various functions that are tailor made to the particular company. An accountant is assigned in the accounting department. In the department, there is always a hierarchy in terms of position. The chief accountant position is the senior most position in the department fooled by lower positions in the accounting department. The role of the accountant run from bookkeeping and daily transactions of the firm. An accounting clerk can carry out the jobs of both the bookkeeper and an entry level accountant.
If you are a beginner in the accounting career you should get a degree in an accounting course and get a professional qualification inn accounting before top it all with some work experience in accounting. The accountants sunderland are one of the best when it comes to the best accounting practices.
The roles of an accountant are different in the different firms. The scope of work covered in a small firm is different as compared to a large firm.
An accounting clerk in a small firm has more extensive duties than their accountant counterparts in large companies. In a smaller firm the accountant has the probability ofhandling the whole accounting process also including the client accounts. This is because the firm is small and the transactions are deemed fewer as compared to a large firm. It is a surprise that a small firm would chose to hire an experienced person as compared to a fellow with a degree fresh from the university. The roles range from taking customer payments, paying invoices of thebills due, balancing accounts, handling the payroll and the most challenging being the bank reconciliation of the company account and the customer account. It is also required of the accounting clerk to produce and deliver on daily, weekly, monthly and annual reports to the management for their review.
In a large firm the duties of an accounting clerk are well spelled out and more specialized towards different functions. An accountant may be assigned by top management to handle only one process of the accounting function. Most large firms have several accounting clerks to handle different functions of the accounting process. You are likely to find a scenario where by an accountant is solely designed to handle the accounts payable section only.
The accounting payables entail getting and entering vendor invoices in the system, communicating with vendors while preparing the cheques for the vendors. While you may finds another accountant handling accounts receivable duties, the assignments involves balancing accounts, making payments to customers, and giving contracts to their respective clients.