What is the true role of the Accountant in your Company?

There is no need to refer to the essential role of an accountant for the business organisation of a company, industry or a business. For several years the accounting is carried out periodically under procedures, in some cases more structured than in others, and whatever the style of work that has been adopted, the important […]

There is no need to refer to the essential role of an accountant for the business organisation of a company, industry or a business. For several years the accounting is carried out periodically under procedures, in some cases more structured than in others, and whatever the style of work that has been adopted, the important thing is to evaluate if it is the most efficient way for the reality that has or if there are new alternatives to face new problems.

There is a saying from a scholar who says – very pertinent in this case – that a different result cannot be reached always following the same path, and that is something that we must consider today in the face of the technological revolution in which we are immersed.

Companies have been undergoing vertiginous changes that have been involving updates in terms of tax procedures and issues, however, if there is something that has been maintained as an indisputable value for the profile of the accountant, it is its analytical and interpretive capacity of the information. And these skills nourish, in large part, his outstanding professional performance.

So much so, that if the foundation of the relevant work of an accountant lies in its ability to interpret the data and in the strategies that it can propose from them, why not find a way that simplifies the path to observation of such material without an investment of time when it comes to data collection?

Among the skills that an accountant develops is the ability to examine the information it collects and make with that analysis a tool for subsequent decision making.

Thus, the labour field of the Accountant today exceeds the so-called “tax advisor” place to become, in its place, a “business advisor”.

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How to face the paradigm shift?

If new realities require new performances, how to add tasks and challenges without leaving previous tasks abandoned, all at the same time and in the same place? It seems a utopia that the same person can take on a more prominent driving role while continuing to fulfil the same tasks he has been doing for years. Sounds exhausting and is the exact opposite.

If a way is found to simplify routine actions so that the Accountant truly deals with his functions that bring truth, value and credibility to management, then he will have clearly advanced towards the true role of the Accountant.

The comprehensive training that Accountants with experience in financial matters is not something that can fail to take advantage of the management of these days, and this is how the need to automate some of the tasks that were being done is imposed that have to do with the loading of data, with tax laws, with the issuance of invoices and many other accounting branches. Emerging in this context, as an alternative value, accounting management systems that in addition to simplifying tasks, collaborate in the resignification of the role of the accountant.

The Accountant looks, orders, evaluates, analyses and interprets and after the sum of these actions generates a report with its corresponding integral vision. The importance of their tasks exceeds today what the collection of information refers to and the entry of it in a form.

As a consequence in the current accountant, the qualities of adaptation to the different media and resources, of communication to account for their financial analysis, of negotiation to interact with the competitive environment and interpersonal qualities stand out, since so that their true role will emerge to know how to delegate and give each one the task that corresponds to him in the administrative management of the company.

Analysis and advice

As analysts, accountants can perform certain types of analysis using financial data that is used to help in making business decisions. From deciding what kind of supplies for the order, the payment of payroll bills, the accountant takes care of many intricate financial details on a daily basis. Business operations advice can include topics such as income and expense trends, financial commitments and expectations of future income. The accountant also analyses the financial data to resolve certain discrepancies and irregularities that may arise. Recommendations may also involve the development of efficient resources and procedures, while providing strategic recommendations for certain financial problems or situations.

Preparation of financial report

Accountants often prepare financial statements that may include monthly and annual accounts based on the financial information that is collected and analysed. The preparation of financial management reports may include accurate quarterly and year-end closing documents. Compiled reports can be used in relation to ongoing support and management of budgetary forecasting activities.

External business affiliations

Often, accountants must work with financial professionals from the four main areas of the sector: public, management, internal auditing and public accounting. Accountants can provide data to a public accountant, who acts as a consultant, auditor and tax service professional. Corporations, non-profits, organisations and governments use management accountants to record and analyse the financial information of the businesses in which they are employed. They usually advise company executives, creditors, shareholders, regulatory bodies and tax personnel. Accountants can also work with government officials who are examining and maintaining the financial records of the private company for which an accountant is employed, in relation to taxes and government regulations.

In conclusion, the invitation to change

The true role of the Public Accountant in the current times lies in the ability he has to advise on efficient decision making. The collection of data made through management systems such as online systems provides the necessary support so that the professional’s time is spent more productively.

This is how the Accountant becomes an important factor in business development, an active participant and in this phase the experience that is played plays a fundamental role.

Do you accept the change? As an Accountant you will surely have already been part of many of the Revolutions in which industries have been immersed. Today the possibility of complementing the professional work with an online management service may be the part of the map that is missing to finally find the treasure that is nothing more or nothing less than the heart of the profession.

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