The Accountant Checklist

You want to accelerate your career as an accountant?

Here are 20 things you need to learn to be a successful accountant:

1. Be able to fill in the tax returns

2. Manage internal and external audits requests

3. Master and automate the reconciliation process

4. Perform impairment assessment on fixed assets

5. Manage the internal control framework for finance

6. Maintain complete and organized financial records

7. Monitor cash flow and plan for future financial needs

8. Evaluate and select appropriate accounting software

9. Digitalize the accounts payable process through RPA

10. Keep accurate records of payroll and employee benefits

11. Establish and maintain a system for inventory management

12. Be able to communicate finance topics to non finance people

13. Stay up-to-date with accounting standards and best practices

14. Manage the processes around the accounting module of your ERP

15. Ensure all financial reports are in accordance with your local GAAP

16. Prepare and file periodic reports to stakeholders, such as shareholders and regulatory agencies

17. Be able to prepare financial statements (balance sheet, income statement, and cash flow statement)

18. Be knowledgeable on laws and regulations (tax and industry regulations)

19. Provide training and support to staff on accounting and financial processes

20. Actively monitor the accounts receivable and follow up on overdues

👉What else would you add?

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