The accountant is the expert who manages the accounting and the tax situation of companies and professionals, taking care of the correct execution of administrative and accounting processes .
The task of the accounting officer is to ensure that the accounts are in order and prepare the documentation for tax compliance in compliance with current legislative obligations.
What does accountants do in particular?
The main activities are the preparation of accounting entries (first note, assets, accruals and deferrals) and the keeping of company accounting records , assets and liabilities, customer and supplier accounting, preparation and verification of the financial statements (before tax and post tax) and the preparation of reports for management control – ensuring the accuracy of the accounts.
The accounting clerk controls and manages the administrative and accounting documents , the issuance and insertion of invoices , and monitors payments and receipts. In addition, it can deal with financial planning and treasury , and prepare reports for company management.
Another important task of the accountant is the preparation of periodic and annual tax declarations for legal persons (partnerships and corporations) and for natural persons (professionals and sole proprietorships) – such as for example the tax return, certification single, VAT settlement etc. Depending on the cases and the specific needs, the accountant tries to identify and suggest the most suitable tax solutions to contain costs, maximize profits or minimize tax collection.
The accountant performs the administrative, accounting and tax procedures in compliance with the regulations in force at local and national level. It is therefore ensured, for example, that the legal obligations for general and analytical (or industrial) accounting are fulfilled , and that taxes are paid on time and correctly, according to the calendar of tax deadlines . It ensures that each accounting document is compliant with the applicable rules, in case of verification by auditors or inspectors of the tax authorities. In this way it prevents the company or customers from incurring penalties and fines from the supervisory bodies.