Salary Overview
- Average Salary: The average salary for accountants in Charlotte is approximately $70,000 per year.
- Salary Range:
- Entry-Level Accountants: Typically earn between $50,000 and $60,000.
- Mid-Level Accountants: Generally earn between $60,000 and $80,000.
- Senior Accountants: Can command salaries of $80,000 to $100,000 or more, depending on experience and specialization.
- Bonuses and Benefits: Accountants often receive bonuses ranging from 5% to 15% of their salary, along with benefits like health insurance, retirement plans, and paid time off.
Job Description
1. Financial Reporting
- Prepare and present financial statements in accordance with GAAP (Generally Accepted Accounting Principles).
- Analyze financial data and trends to provide insights into the organization’s performance.
- Ensure accuracy and completeness of financial records.
2. General Ledger Maintenance
- Manage the general ledger to ensure all transactions are recorded accurately.
- Reconcile accounts and resolve discrepancies in a timely manner.
- Prepare adjusting journal entries as needed.
3. Budgeting and Forecasting
- Assist in the preparation of the annual budget and periodic forecasts.
- Monitor actual performance against the budget and identify variances.
- Provide insights and recommendations for improving financial performance.
4. Tax Compliance
- Prepare and file federal and state tax returns for individuals and businesses.
- Stay updated on changes in tax laws and regulations that may impact clients.
- Provide tax planning and consulting services to minimize tax liabilities.
5. Audit Support
- Assist in the preparation for external audits by providing necessary documentation and reports.
- Coordinate with auditors and address any issues that arise during the audit process.
- Implement audit recommendations to improve internal controls.
6. Cost Accounting
- Analyze production costs and provide insights for cost control and optimization.
- Prepare cost reports and variance analysis for management review.
- Collaborate with operational teams to improve efficiency and reduce costs.
7. Accounts Payable and Receivable Management
- Oversee the accounts payable and receivable processes to ensure timely payment and collections.
- Review invoices and process payments according to company policies.
- Monitor outstanding receivables and follow up with clients as needed.
8. Financial Analysis
- Conduct financial analysis to support strategic decision-making.
- Prepare financial models to evaluate potential business opportunities.
- Present findings and recommendations to management.
9. Regulatory Compliance
- Ensure compliance with applicable laws and regulations, including tax laws.
- Stay informed about changes in accounting standards and regulations.
- Implement policies and procedures to maintain compliance.
10. Continuous Improvement
- Identify areas for process improvements within the accounting department.
- Implement best practices to enhance efficiency and accuracy.
- Pursue ongoing education and professional development opportunities.
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