The Basics of What Accountants Do and Why They Are Important for Companies

Accounting dates to Mesopotamia some 7,000 years ago. Interestingly, the word “accountant” is derived from the French word “compter,” which means to count or score. An accountant Calgary is important to a business or company because he or she keeps track of and organizes the numbers! Proper bookkeeping is crucial to the success of a business or company because without it, they are vulnerable to cash flow problems, which can lead to legal issues. Small business accountants calgary help prevent these potentially damaging mistakes.

Accountants Calgary have many responsibilities, but at a basic level, they keep track of all the assets and money of a company. An accountant Calgary produces reports describing these numbers, and such documents are reviewed and discussed by managers and people outside of the company. More specifically, managers review reports produced by Calgary accountants to determine how well a company is performing, and governments use the reports to determine how much money the company should be taxed. Moreover, people may review the reports to decide if they want to do business with a company, while banks may use these documents to determine if the company is safe to lend to.

There are four main types of accountants including a public accountant calgary, a management account Calgary, an internal auditor, and a government accountant Calgary. In general, accountants work in offices for 40 hour weeks, although this can vary depending on the time of the year. During tax season, which spans from January to April, an accountant Calgary may work well over 40 hours a week. Moreover, accountants that work for the government and public companies typically must travel in order to audit other businesses and companies. See this link for more references: www.smallbizcalgary.com