What Does an Accountant Do? A Paro Perspective
by Medha Patel, on Jan 10, 2019
Many businesses, from startup to enterprise, might find themselves wondering: what does an accountant do? After all, the answer is not so cut and dry. Many accountants perform a wide and diverse range of tasks, and selecting the right accountant for your particular company might feel like a hefty challenge.
In this article, we will clearly define what accountants traditionally do in the workplace and discuss how these employees are usually markedly flexible in their capabilities. We’ll also dive into how freelance accountants can offer serious value and benefits to both modern and traditional businesses—and how Paro is helping modern companies source the best freelance financial experts out there.
What does an accountant do?
Accountants aren’t just a necessity during tax season. They work year-round to assist their employers with all things money-related. By definition, an accountant is “someone who keeps or examines the records of money received, paid, and owed by a company or person.”
Of course, that doesn’t exactly answer “what does an accountant do?” In general, an accountant is asked to organize and understand financial information, then make suggestions and strategies based on that data. Accountants are also often specifically tasked with the following responsibilities:
- Preparing and reviewing financials
- Managing bookkeepers and accounts receivable (AR) and accounts payable (AP) departments
- Communicating with both customers and vendors
There are over a million accountants in the United States, and each one is unique, although many have a certain speciality. There are many types of accountants, from a tax accountant to a forensic accountant.
Related: Does My Business Need an Accountant?
How flexible are accountants?
In short, very flexible. Most accountants have an impressive breadth of skills they bring to the table, allowing them to tackle a variety of financial tasks in sometimes anything-but-ordinary settings.
Perhaps the most valuable asset of these modern, flexible accountants is their ability to report to anyone. Accountants, especially freelance ones, can chat strategy with the CEO or crunch the cost of new cubicles with the office manager. Any department that needs that extra financial insight can get it, for only as long as it’s needed.
And accountants needn’t work a traditional 40-hour workweek, either. Nowadays, it’s completely normal (and beneficial!) for an accountant to work on a per-project or as-needed basis. Modern companies can contract the top talent they crave for a temporary accounting position easily with highly-skilled and flexible freelance accountants.
Some project-based work accountants might take on include tax preparation, annual and special audits and preparing for major expansion, mergers or high-level changes.
Many freelance accountants are hyper-specialized in areas like hospitality, technology, real estate or something else entirely. They have very specific, outstanding skills that a full-time, traditional accountant might lack—and that means they are exceptionally prepared to help your company when it needs it the most.
What makes Paro accountants great?
Paro is a premiere provider of freelance accountants. Paro has relationships with fantastic financial experts across every industry, including healthcare, real estate, food and beverage, manufacturing and wholesale, business to business and healthcare.
And, of course, Paro doesn’t just hire any accountant. We hire only the best accountants. Just how thorough is our vetting process? Well, we accept just 2% of the financial experts wishing to join our elite network of talent. We start with an application review, then a skills assessment, an interview, a test project and finally, a reference check.
Plus, the company who sources financial expertise through Paro is rewarded not just with the expert him or herself. Paro saves its clients precious resources by allowing them to bypass the tedious, expensive process of recruiting, interviewing and retaining exceptional employees—especially those who are only needed short term or for a special project.
How does Paro work?
Our business model is actually quite simple. Our process looks like this:
First, Paro’s finance consultants work with your company to determine your roadblocks, goals, company culture, process and platform needs.
Second, our super-smart algorithm matches you with a few ultra-qualified accountants… or CFOs, or analysts, or bookkeepers, or whatever you need! You’ll get to vet them based on experience and fit, too.
Third, the experts you’ve been matched with will provide hour and cost scopes for your engagement. Fourth, you’ll select the accountant and other experts you’d like to work with.
Fifth, Paro’s account managers will kick off the engagement and ensure everything runs smoothly. Finally, Paro’s in-house will keep providing support as work with our experts continues and your needs change.
If you want to learn more about what an accountant does, how modern accountants are becoming more flexible, what makes Paro accountants great or how Paro works, feel free to get in touch with us!