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Duties and Responsibilities of a Corporate Accountant

A corporate accountant handles a company’s finances. Duties and Responsibilities of a Corporate Accountant. As a corporate accountant, your job duties include auditing financial files, preparing end-of-month financial entries, managing accounts payable, preparing quarterly and annual tax documents, and monitoring the company countable cycle. Unlike public accountants, corporate accountants only work on business files for their company.

How to Become a Corporate Accountant

You must meet several qualifications to pursue a career as a corporate accountant. Earn a bachelor’s degree in accounting, business administration, or a related field. Complete training and pass the test to become a certified public accountant (CPA). Earning your CPA credential demonstrates your financial skills and professional ethics; many employers require candidates to be CPAs. Once you have your certification, seek corporate accountant positions at large companies in your area.

Corporate Accountant Duties:

  • Oversee financial records of organization, reviewing financial statements, and establishing budgets
  • Plan, organize, and direct daily operations of accounting department
  • Receive and maintain financial information from employees, suppliers, and other external sources
  • Prepare, review, and analyze financial reports for management
  • Develop a system of internal controls to maintain financial records
  • Maintain accurate invoices and billing, manage and maintain financial records, and resolve discrepancies
  • Calculate payroll and payroll taxes
  • Oversee accounts payable and accounts receivable departments

Corporate Accountant Responsibilities:

  • Work with accounting team to prepare financial statements and forecasts
  • Prepare journal entries, account reconciliations, and general ledger reconciliations
  • Generate monthly cash flow projections, make financial decisions with projected budget results in mind, and monitor cash flow requirements
  • Prepare journal entries for expense accruals, interim income taxes, and year-end income tax and audit
  • Perform the day-to-day accounting operations of a large company
  • Maintain the fixed asset ledger
  • Work with payroll, accounts payable, and receivable teams

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