Business

Accountant Profession – What Is An Accountant?

Within the company, the accountant has a role of collecting quantified information but also of studies and analysis of these figures. Debitoor is billing software that simplifies your life, and that of your accountant with whom you can share all your data with a few clicks.

The accountant collects, analyzes, and controls the expenses, income, or investments of the company. It transcribes these flows in the form of figures in accounts different from the chart of accounts. His missions can be very different depending on where he works.

The nature of the profession

The accountant is responsible for accounting, invoicing, and therefore the funds that come in and out of accounts: a vital role in the business, which requires a sense of discipline and organization!

His missions will be more or less varied depending on the size of the structure in which he works:

  • TPE / PME: the accountant is rather a generalist who touches everything, from the control of banking operations to the management of payslips, the declaration of social contributions to the drafting of balance sheets, etc.
  • Larger companies: the accountant assists a chartered accountant, and will rather have a role of the specialist in a very specific field, such as payroll, customer accounts, etc.

Accounting firms, companies, public service: accountants are necessary everywhere, all the time, to guarantee the financial health of the structure and good compliance with tax rules.

Some types of accounting profession

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Here are the five most common types of jobs for future accountants. But this is not an exhaustive list, the possibilities are endless!

Single accountant: as indicated above, this is the profile that will most often be found in very small businesses, sometimes even in SMEs. The single accountant is a jack-of-all-trades: balance sheets, profit and loss account, tax calculation, VAT declaration, salary management, etc. He is the Swiss army knife of small businesses! He is a generalist, unlike the following categories.

Supplier accountant: under the aegis of a chartered accountant, he is dedicated to purchasing products or services from the company’s suppliers. He pays invoices and expense reports and is responsible for settling potential disputes with suppliers.

Customer accountant: He is in charge of invoicing related to the sale of products or services to the company’s customers. He, therefore, manages the collection of payments from customers, is supposed to raise them in the event of a delay, and to settle disputes that may arise with them.

Accounting Assistant: this is a position close to the client but within the framework of a firm, and not of a company. He is in charge of the accounting, tax, and often legal monitoring of external clients, for whom he performs feasibility studies, prepares fund request files with banks or investors, etc.

Collection specialist: he is an expert in difficult transactions. He drives out unpaid invoices, reminds customers who are late, and takes care of litigation if a customer refuses to pay. He is therefore in permanent contact with clients, creditors of the company, and bailiffs. He is there to recover what is due to the company.

This is only an overview of the possibilities available to trained accountants in Perth. Contribution auditor, management controller, auditor: the range of possibilities is vast!

Accountants rely on Debitoor

Debitoor is billing software that helps you manage your accounting and work more efficiently with your accountant! Share with him access to your Debitoor account, so that he can follow your billing progress in real-time and consult your financial reports in a few clicks.

Should you hire an accountant in your business?

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The accounting of your business can be carried out internally, but, if you use an external service provider, you must necessarily turn to a certified public accountant registered with the Order of Chartered Accountants. Business manager, when is it better to hire a rather than subcontract to an accountant? Galaxy, an accounting firm in Perth, gives you its tracks.

Each company has its accounting obligations!

The accounting obligations of a company vary according to the legal status and the tax regime for which it has opted. Thus, a self-business will benefit from ultra-light accounting and its manager can easily fulfill his obligations on his own.

Conversely, a company subject to the corporate tax regime will be subject to much more complex accounting and reporting obligations. Its manager will quickly realize the importance of calling on a professional to carry out his accounting. He can then choose between hiring an accountant in Perth, subcontracting to an accountant, or, why not, mixing the two solutions.

Outsource to an accountant

The fees paid to your accountant depend on the volume of activity that you subcontract to him. They vary according to the turnover achieved (the more activity there is on your account, the more accounting entries to record), but also according to the nature of the advice requested.

You can confine yourself to the “classic” missions of the chartered accountant, that is to say, the monitoring and revision of the accounting, the preparation of annual accounts and tax declarations. You can broaden your request by subcontracting the drafting of employment contracts, the preparation of payslips, social declarations. You can also get personalized advice, such as the creation of management monitoring dashboards, financial analysis, etc.

In short, outsourcing all of its accounting is an attractive solution for many VSEs and SMEs. When the activity develops, the question of integrating accounting and social monitoring arises. The simplest solution is often to raise the subject with your accountant who will help you to see more clearly.

Hire an accountant

Hiring an accountant can be judicious when the activity increases, in particular, to carry out the administrative tasks or to record the daily accounting entries. He may also carry out audits, or payslips if he is competent in these areas. The cost of hiring an accountant depends on his level of qualification (diploma and experience).

Note that an accountant may have less experience and skills to advise the manager in areas such as tax or financial optimization of the business.

Mix the hiring of an accountant and the subcontracting to an accountant

Thus, from a certain level of activity, it may be interesting to mix the hiring of an accountant with subcontracting to a chartered accountant for more specific needs, the production of annual accounts, and their certification.

If the fees paid to your accountant amount to around 20,000 euros per year, it may be wise to review with him the terms of your assignment contract and to consider hiring an accountant for tasks such as administrative management. or the recording of accounting entries.

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