What Does an Accountant Do? Roles, Responsibilities, and Capabilities

Accountant Overview

Role:
A financial professional responsible for maintaining accurate records, supporting compliance, and enabling reliable reporting.

Key Responsibilities:

• Prepare and post journal entries

• Reconcile accounts and bank statements

• Assist with payroll, invoicing, and tax filings

• Support month-end and year-end close processes

• Ensure compliance with accounting standards and company policies

Core Capabilities:

• General ledger management

• Financial analysis and reporting

• Account reconciliation

• Payroll and tax support

• Attention to detail and accuracy

Typical Experience/Expertise Needed:

• Degree or diploma in accounting, finance, or a related field

• Progress toward CPA or equivalent (often preferred)

• Three to five years of hands-on accounting experience

• Familiarity with accounting software (e.g., QuickBooks, Sage, Xero)

• Solid understanding of Canadian tax and payroll rules

• Strong problem-solving and time management skills

Savvy CFO Advice Box

Your Accountant is the backbone of your day-to-day finances. Accurate records today mean easier audits and smarter decisions tomorrow.

Questions about building your finance team? Contact your Savvy CFO for practical advice and support.