Income tax administrator vs cost accountant

Differences between income tax administrator and cost accountant duties and responsibilities

Income tax administrator example responsibilities.

• Manage and prepare sales and use tax account reconciliations and property tax liability accounts and prepare corresponding journal entries.
• Assist the supervisor and CPA's in various record keeping projects.
• Complete all records and reports as required such as payroll reports and month end reports.
• Review debit and credit tax information for accuracy and completeness and assign the appropriate IRS tax withholding rates for domestic dividends.
• Process and administer payroll and employee benefit programs.
• Research and respond to correspondence from taxation divisions to resolve discrepancies and oversee remittances and reconciliation of withholding and unemployment taxes.
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Cost accountant example responsibilities.

• Manage ledgers and perform month end journal entries.
• Manage the payroll with ADP system and account receivable.
• Manage costing control as well as accounts payable (A/P) and accounts receivable (A/R).
• Prepare internal financial reports for treasury manage accounts include in external compliance reports.
• Prepare raw material and WIP inventory reconciliations.
• Develop tracking of GAAP inventory valuation for all inventory inherit from the bankrupt former company.
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