An accountant invoice is used by an individual or company that is requesting payment for managing the financial responsibilities on behalf of another person or company.
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An accountant is hired to keep watch and manage an individual’s or company’s financial accounts. It’s a job that involves trust, as the accountant is responsible for imposing checks and balances to prevent fraud and misuse of funds. An accountant’s job is to make sure that financial accounts are in order and to look for ways to save (not waste) money. Some common tasks that an account does are as follows:
- Handle all financial related accounting;
- Compute taxes and handle tax returns;
- Generate profit and loss statements;
- Audit bank accounts and all transactions (must be a CPA)
Anyone who oversees a financial account, such as an LLC’s bank account, can call themselves an accountant. Anyone wanting to go into accounting professionally should be legally qualified as a CPA (certified public accountant). CPAs need to meet their state’s minimum requirements which includes passing the CPA exam, keeping up with yearly continuing education, and having a degree in accounting. By becoming a CPA, you’ll have the know-how to serve all three classes of accounting – business accounting, personal accounting, and being a tax accountant.
An accountant’s salary is subject to the number of clients they serve or the company to whom they are employed by. Regardless, when first starting out in the profession, it will take time to build up a healthy salary.
Salary: $51,000 /yr (source: Payscale)
Hourly Rate: $28.00 /hr (source: Payscale)