What does an accountant do on a daily basis?

An accountant records financial transactions, prepares financial statements, taxes and financial strategies, and manages financial budgets and forecasts on a daily basis. Here is a closer look at these common daily activities of an accountant:

• Records financial transactions. Accountants must conduct payroll, manage investments and expenses, and account for internal finances such as transaction data, invoices issued, other company expenses incurred, and any other key financial activities. Accountants must document financial statements on a daily basis.
• Prepares financial statements, taxes, and financial strategies. Accountants must prepare tax returns and ensure that taxes are paid properly, evaluating financial operations to recommend best practices and identifying issues and solutions. Accountants tend to be finance and tax experts at their jobs.
• Manages financial budgets and forecasts. Accountants also focus on a company's financial budget and forecasts. They collaborate with management teams to devise budgets that align with key company objectives and goals. They also monitor the performance of a company compared with the budget they created for it.