Private Accountant Job Description

October 1, 20110 Comments

Private accountant job profile and description

A private accountant is basically has to provides accounting support to the employer by whom he or she has hired. He or she also has to do hire by a single employer and he caters to the accounting requirements of only that single employer. The job of a private accountant is in contrast to that of a public accountant who is not bound to a particular company but can freelance to a number of companies.

Private accountant duties and responsibilities

A private accountant takes care of all the financial and accounting requirements of his individual employer ranging from making entries into record books to preparing tax statements. In short, a private accountant performs all the functions of a public accountant but for a single employer. The major duties and responsibilities of a private accountant are:

  • He or she has to do the work of auditing such as internal auditing in the company
  • He or she has to do the work of an accountant and has to make  entries into record books and keeping records as per company policies
  • He or she will have to prepare statements showing  profit loss and balance sheets
  • He or she may also have to keep the accounting records of property and fixed assets and value of them.
  • He or she will have to ensure that the money inflow, expenses and surplus of the company match and the management is done.
  • He or she will have to play the role of various accounting personnel such as refunds accounting as well as auditing.
  • He or she will have to prepare tax statements and filing returns to the tax department.
  • He or she will have to keep track and maintaining records  of changing tax regulations and implementing them while preparing company returns

Private accountant skills and specifications

The skills and specifications required for the job of a private accountant are:

  • The candidate should have the excellence in all-round knowledge on accounting
  • The candidate has to make accounts as per company policies so has being familiar with the working of various financial dealings of the company
  • The candidate should have extraordinary communication skills so that he or she can work perfectly with clients.
  • The candidate should have excellent precision and accuracy in accounting work as it is very crucial matter.
  • The candidate should have the ability to keep the records and accounts up to date and perfectly regarding the changing federal laws and regulations by the government.

Private accountant education and qualification

The education and qualification depends up on the company so a big company asks for a bachelor’s degree in accounting. Small companies accept diploma accounts graduates.

Private accountant salary

The salary depends up on the company. The salary of a private accountant begins from $27,000. The top range depends on the company in which the accountant works. It can be high also.

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