What do external accountants mainly do?

External accounting is a professional who is responsible for handling and managing external accounting and financial information of enterprises. The following are the main responsibilities and tasks of external accountants in their work:

1. financial records and statements: the external accountant is responsible for recording and sorting out the financial transactions and business activities of the enterprise, including the data of income, expenditure, cost and assets and liabilities. They will accurately calculate and register various financial items and generate related reports, such as balance sheet, income statement and cash flow statement.

2. Tax declaration and compliance with laws and regulations: The external accountant is responsible for preparing and submitting the tax declaration and statements of the enterprise to ensure that the enterprise complies with relevant tax laws and regulations. They will check the calculation of income tax, business tax and value-added tax and pay taxes to the tax authorities on time.

3. Audit and inspection support external accounting to play an important role in the audit and inspection process. They provide financial data and documents, assist internal and external auditors to conduct audits and inspections, and ensure the accuracy and compliance of accounts.

4. Budget and cost management: external accountants participate in budget formulation and cost management. They are responsible for evaluating and supervising the budget implementation of enterprises, assisting the management to grasp the financial situation, and providing financial advice and decision support.

5. Bank and current account management: The accounting management of external accounts is to contact banks and financial institutions to handle bank accounts, current accounts and payment affairs of enterprises. They will conduct account reconciliation and bank settlement, and ensure the accuracy and liquidity of related accounts.

6. Expense management and reimbursement: The external accountant is responsible for enterprise expense management and employee reimbursement. They review and register various expenses, and review and approve employees' reimbursement applications to ensure the rationality and accuracy of expenses.

7. Opinions and suggestions: As a professional in corporate finance, external accountants provide financial opinions and suggestions for management and other team members. They analyze data, make reports, assist management to make financial decisions, and provide support for the financial health of enterprises.

In a word, external accounting plays a vital role in processing and managing external accounting and financial information of enterprises. They are responsible for recording, sorting and analyzing financial data and ensuring that enterprises comply with relevant laws, regulations and tax requirements. Through effective financial management and reporting, external accounting helps enterprises to better understand and manage the financial situation, make targeted decisions, and ensure the financial health and sustainable development of enterprises.