Month: December 2019

Different Services Provided By The Accountants

Published / by Annette Bailey

This is a huge world with about more than eight billion people. Each person has its own ambitions and goals which he wants to achieve. He tries his best to get in the profession that matches with his ambition. These professions may vary from the profession of medicine to the profession of engineering. One such profession is the profession of accountancy. Accountancy is the process in which the financial records of the company are analysed; these records can be financial transactions or the income that a company pays. It is very important to keep a proper check on the accounting department of the company so to be sure that the department is not getting tricked. In this article, we will be discussing about the different services provided by the accountants.   

Accounting: 

Accounting is the process of keeping a check on the financial activities of the company, firm or any other private sector. These financial activities include financial transactions, monthly income, yearly profit, income tax return and all other financial related things. One department that is a must for every company, firm or business is the accounting department as without any accounting department there would be no record of company’s earnings and expenditures. In consequence to this, company would not remain financially stable for too long. 

Accountants: 

Accountants are the people who have the full responsibility of taking care of the accounting department. It is by the work of these accountants in South Melbourne that the whole financial department is kept in order and ultimately the company run successfully. So, an accountant can be defined as the person whose job is to keep the full record of financial department of the company. Bigger firms have the whole department of accounting service in Melbourne that constitutes of multiple accountants while the smaller firms have a single accountant who works on the behalf of a company. 

Different functions of the accountants: 

Up till now we have been well acknowledged with the fact that accountants are the group of people whose job is to take the full responsibility of the accounting department of the company but one might ask the question that what is included in those responsibilities. Well, the main function of an accountant is to regularly inform the head of the company about the ongoing financial status of the company so that the head of the company would be aware about the progress rate or the declining status of the company’s accountancy. In addition to that an accountant not only offers the services of keeping a check on the financial status of the company but also advises the head of the company, if needed in regards to the accounting department. 

Conclusion: 

An accountant is the person whose job is to take the full responsibility of the accounting or financial department of the company. Accountants provide the services of acknowledging the head of the company about the ongoing financial status of the company; be it a financial transactions, monthly income or income tax return. “Marin Accountants” provides the services of the best accountants.  best-accountant.jpg