Functions of Performed by a Public Accountant

The functions performed by public accountants are very important, since their main objective is to comply with the fiscal regulations established by the state in which they operate as well as to facilitate decision-making by the managerial levels of the company or organization.

Here, experienced certified public accountant Jim Liggett CPA will share the main tasks performed by a CPA.

 

The main tasks of a CPA

 

Jim Liggett CPA highlights the following tasks of a CPA as main:

 

Create financial statements: The CPA is responsible for creating financial statements, which are summary reports that contain the use of funds of the companies, as well as the financial situation in which it is. Its objective is to evaluate the losses or gains in a certain time.

Carry out audits: This function can be called the synonym of examining and checking accounting documents, all with the purpose of creating a report that reflects whether the audited information is faithful to the company that was the subject of an audit.

Declare taxes: Jim Liggett CPA indicates that in the USA, the declaration of taxes is made at The Internal Revenue Service (IRS). In the document, the amount of income that was earned in a certain period is stated. Likewise, the accountant has the obligation to complete the forms that he will present before the ggovernment.

Prepare payroll: Payroll are documents in which the days worked are recorded, as well as the salaries received by each of the employees. These documents include the salaries, bonuses and deductions that are made to each worker.

Perform cost accounting: Jim Liggett CPA explains that cost accounting is a technique for measuring and analyzing the results of business activity. Basically it is a tool that helps in the decision-making process of the management levels of companies.

As you can see, the service that the public accountant offers is very important for companies and for the government.

Jim Liggett CPA is much more than a CPA, since he do not only offer accounting and tax advisory services, but he also provides a comprehensive service that allows his clients to operate under established regulations.