The accountant’s responsibilities are directly related to those of the entrepreneur or manager of a business. In other words, those developed by this professional are directly linked to the information provided by the company’s management.
Thus, we can say that both go hand in hand in running a business. Each with its administrative and legal responsibilities.The purpose of this article is to show the difference between the roles of each of these figures, as well as delimit their responsibilities and areas of activity in the company. Check out!
How Does A Company's Accounting Process Work?
An organization’s accounting is done by recording all the movement that exists within a business, as long as its equity situation has changed, whether or not there is money involved in the operation.
The purchase of a computer in installments is a clear example of a fact that changed the company’s equity situation without the presence of cash at the first moment and, therefore, is subject to accounting records.
These records are made through entries that transform the data existing in each purchase or sale document for an item into accounting information.
The accounting process is mandatory for almost all legally constituted corporations (except the individual microentrepreneur). Furthermore, it is an essential management and control tool for any type of business.
How Far Do The Accountant's Responsibilities Go?
The accountant’s responsibilities are divided into three: civil, criminal and tax. In this topic, we’ll detail each of them.
Civil liability is related to the effective practice of accounting techniques performed by the professional. For example, he is responsible for the correct issuance of the balance sheet and transmission of accounting obligations within the prescribed period.
If the accountant does not comply with the obligations inherent to its operating practices, it must respond to the client and to the courts, if it is called.
Criminal liability is that in which the accountant will be liable for the practice of actions before the Judiciary in the criminal sphere, and may even be required to serve sentences, depending on his conduct.
The accountant is responsible for controlling tax credits, applying rates and other issues that influence the issuance of guides for the payment of taxes by a company. However, the accountant’s responsibility starts with the receipt of the information correctly and at the ideal time by the client.