The role of an accountant

Accountancy

The role of an accountant is essentially determined by the size of the company and is therefore often differentiated into financial and accounting, asset management, customer and supplier management, dunning and billing.

Accordingly, knowledge in labor law, employment tax law or social security law is required to handle the tasks.

In finance and balance sheet accounting , key figures for the balance sheets from the accounting of the individual monthly, quarterly or annual financial statements are evaluated and presented to the management. By evaluating reliable figures from the income and expenses, they form the basis for the action decisions of the management.

Asset accounting takes care of the company’s intangible assets such as real estate and various equipment and machinery.

In payroll accounting , payroll accounting is also handled by the accountant. Especially the individual rates for social benefits and special payments such as holiday and Christmas allow a high degree of precession.

Accuracy is also required in accounts receivable and payable accounting , which is responsible for posting the corresponding incoming and outgoing invoices in company accounting.

Since the employees in the Financial Office use the accountants’ reports, it is important to find qualified accountants who work for the company. Often they bring with them the qualification for higher positions in the company.

How much does an accountant make?
The starting salaries vary greatly depending on the work experience and the qualifications brought. Also, the level of education, as well as the location and industry of the company and the actual size affects the salary.

In general, this is between 25,000 EUR and 30,000 EUR for career starters and increases with professional experience to around 50,000 EUR. Depending on the size of the company and the industry, employees with a managerial function and corresponding training can get double the salary.

The effects of digitization were particularly evident in companies’ financial systems, as many processes were streamlined and restructured by various IT programs. The area of ​​responsibility of the “classical accountant” has thus been redefined and requires additional competences.

If you want to rise in the career ladder, there are many opportunities for the accountant. With increasing practical experience, a further education as a certified accountant is recommended, but also an advancement in the area of ​​controlling or taking over the management of the accounting up to the board of the finances is possible depending on the academic education and training.

How do I apply as an accountant?
Applying as an accountant should reflect the skills of the profession. Thus, a structured structure, a careful organization and a structured application letter to the working method of the accountant and should be paid particular attention in the process.

The social skills of the accountant are also of great importance for everyday life and harmonious cooperation and require special attention in the application process.

Among other things, relevant practical experience and qualifications count as a key argument for companies to hire prospective accountants and should be highlighted, as well as the commitment to continuously educate themselves. Furthermore, you should have the motivation to continuously optimize your current skills and to adapt to the challenges. Accountant jobs are often advertised because they are searched in every business. Better qualifications for higher positions in the company, such as the management of accounts payable and receivables accounting, you have with the training as an accountant.