Accounting is essential for any business. Regardless of its legal structure, each company must ensure that the management of its accounts payable, receivable, or other is in order in order to maintain excellent financial health.

THE ROLE OF AN ACCOUNTANT

In Quebec, the accountant's role is to oversee all of a company's finances. He is responsible for collecting, collating, and analyzing accounting data in order to be able to observe the financial statements of a company.

The accountant is also responsible for completing federal and provincial income tax returns. To work in accounting in Quebec, this expert must therefore have excellent knowledge and skills in taxation.

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An accountant may be employed directly by a company, or they may work in a firm. Generally speaking, accountants in practice will be more specialized in one area, while accountants in business will have a wide variety of general duties.

DUTIES AND DUTIES OF AN ACCOUNTANT

As explained above, the duties and functions of an accountant may vary depending on their work environment and specialization. However, here is a detailed list of the main tasks performed by the majority of accountants.

BOOKKEEPING

Keeping up-to-date books involves recording the transactions of a business so that they are well organized. Indeed, the provincial and federal tax authorities could ask to see certain statements or proofs. It is therefore important to be able to find this data easily.

PREPARATION AND ANALYSIS OF FINANCIAL STATEMENTS

The accountant is also responsible for producing and analyzing the financial statements of his clients. He must first ensure that the company is in good financial health. Then it can help business leaders develop new financial strategies based on their business goals and financial statements.

CUSTOMER RELATIONSHIP MANAGEMENT

The accountant must also have excellent interpersonal skills. Indeed, it helps him to maintain good professional relations with his clients. The accountant must be able to understand his client's objectives and clearly explain his accounting strategy.