What is an Accounts Manager?

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The department of accounts is a very important segment of an organization due to the reason that it looks after all the account specific and financial work. Accounts manager is a person who takes care of the complete accounts department. His job is not confined to a particular industry. Rather, these can be found across a number of industries.

Description of the job

An accounts manager usually has a panel of professionals of accounting working under him/her that consists of auditors and chartered accountants. The general duties of an account manager are:



•    To administer the documentation and inputting of data concerning taxes, sales, profits, bills, cash flow, tax savings, revenues, and further accounts related material.

•    To prepare balance sheets at frequent intervals such as daily, weekly or monthly.

•    To interact with the department of finance and meet up with other company officials with the aim of preparing the company's budget for the coming financial year.

•    Maintaining records of the economic statements or other economic transactions that took place within the organization.

•    To handle and manage the whole of the accounts department relating to the book keepers, accountants, auditors and chartered accountants or other professionals of the accounts department.

•    To make sure that each and every accounting method that is being used is legal and officially authorized.

Educational requirements

To be employed as an accounts manager in a well recognized firm, a person needs to fulfill some educational pre requisites. These are:

A Bachelor's degree pursued in any field is mostly demanded by almost all accounting companies. However, one can opt for pursuing other degrees given below in order to improve the chances of promotion.

Masters in finance

A master's degree in finance from a renowned university or college will be an additional benefit.

CPA

A CPA or a degree of certified public accountant is not mandatory but it proves to be an advantage for the job seekers.

A degree of master's in business administration from a reputed institution is a further benefit.

Knowledge of auditing, book keeping, taxation, finance & analysis, and managing people proves to be a great help at the time of searching for this job.

Certification and training

Various certification and training programs have been offered for the account managers. At the time of the enrollment of the account managers, great importance is given to their work experience. These courses can prove to be very helpful for an applicant for the job of an accounts manager.

Salary

The salary of accounts manager varies greatly from one organization to another on the basis of job position and most importantly prior work experience. The median annual salary of accounts manger, in general, it varies from $38,299 to $64,987. It highly depends upon one's relevant industry experience, qualifications and skills.

All the companies have separate accounts department that needs a proficient accounts manager. Thus, if a person has an accounting back ground, then it will be extremely easy to come across a reputed job of an accounts manager.
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Popular tags:

 cash flow  taxes  balance sheets  chartered accountants  profits  savings  business administration  CPA  fiscal year  work experience


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