What is a financial accountant?

A financial accountant records, reports, and maintains the financial transactions of a business or organization. These accounting professionals organize this data into financial statements for tax purposes, such as the cash flow and profit/loss statement. As a financial accountant, your primary responsibilities include preparing statements on a quarterly and annual basis while ensuring compliance with state and federal taxes. You must remain updated on all changing tax laws to ensure your employer is not over-paying on their taxes. Other duties may include budgeting, analyzing trends to determine performance and the economic stability of the business, and processing inventory.