I have always enjoyed crunching numbers, so a career in business accounting was a good fit. I pay attention to details and I can help to create a good cash flow system. It is important to get bills paid on time, to keep up with who owes you, and to know what your overall profits are. There should be a checks and balances system in place to reduce the risk of errors and in house fraud.
Business accounting also includes taking care of tax issues and responsibilities. The last thing any type of business needs is trouble with the IRS. Paying what you owe on time and the correct amount is very important. Should there be any type of audit, all of the transactions will be in the spotlight and under scrutiny.
Thanks to technology, there are many wonderful programs that make business accounting a breeze. The days of pouring over data to get information, to find a mistake, or to determine what should be done better for the business are gone. This doesn’t mean you don’t need to know your accounting principles and practices inside and out though!
Being able to customize reports for my boss and for the financial elements of the business matter. This allows them to be efficient, to identify areas where they need to reduce overhead, and to determine what they can do to move the business forward.
Balancing the checking account for the business as well as expense accounts for employees is a big part of my job too. It is important to make sure there aren’t transactions that shouldn’t be on the company bill reported by each employee. Sometimes, there are errors on charges and I have to make some calls and send some receipts to get them taken care of.
With this type of job, you have to know how to prioritize the tasks that need to get done. Some need to be done daily, others weekly. There are monthly tasks and those you do on a quarterly basis. I am well organized and that has helped to be successful in the realm of business accounting.
Being able to problem solve and troubleshoot are also a big part of this type of role. There will be scenarios that come along and you have to determine the best way to handle them. Hopefully, your business has detailed policies in place that make it easy to take care of problems. Even so, there are new scenarios often here that I have to go to management about. We simply didn’t have anything in place to handle them because they didn’t arise before.
My job is fun, challenging, and exciting every single day. I enjoy getting to work from the inside area of the business. While business accounting is behind the scenes, it is still a very important part of the overall framework for the business. While I have been in my current position for years, there is always the opportunity to move to a new business. Such skills are always in demand.