Crunch Accounting Review – A Closer Look

Related imageAccountants have long carried a stigma of being huaman computers that lack much of a personality, if any at all. Characteristics associated with accountants generally revolve around the nerdy and geeky image of a person sitting in a cubicle, crunching numbers away all day. Far from being an accurate stereotype, many do not realise how wide of a field the area of accounting is, as well as the work opportunities that come with being a professional accountant. In fact, the opportunities that exist for accountants are so vast that the word “accountant” simply doesn’t hold much significant meaning as a descriptive title anymore.  Crunch accounting review

The role most commonly associated with accountants is the job of being a public accountant or bookkeeper. The accountants balances the books of a company, creating balance sheet s and income statements, keeping track of assets and liabilities, as well as monitoring accounts payable and accounts receivable. When it comes to tax time, these accountants also record and carry out taxation procedures for business each quarter, and can be hired by individuals to do it on a yearly basis. The common stereotype of accounting and their jobs generally revolves around these roles. It is a highly important role in every business, but most certainly not the only job that accountants are limited to.

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The next role that accountants may carry out is the role of an auditor. Auditors are commonly recognised as being accountants, but most people don’t realise exactly what their job actually entails. Though the Taxation Office may have auditors checking whether people are paying the correct taxes they obligated to, most other auditors generally perform auditing on a company that has hired them, or actually work internally for the company they are auditing. Though it may sound odd that a company wants to audit themselves, it does not mean that the company is investigating itself and its employees for theft and illegal activity. Most of the time, the role of the auditor is to look for inconsistencies. Typically, any discrepancies discovered are honest mistakes and can be rectified, helping the firm ensure accuracy of their financial records and operations. Auditing is considered a prestigious role in the accounting world, and hence auditors are well-respected in the professional community.