Exploring Accounting Specialist

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Accounting is defined as the theory and system of setting up, maintaining, and auditing books of a firm. In a company, an accounting specialist is responsible for accounts, receivables and payables, including general ledger coding, inputting invoices to a payable system, writing checks and posting payments to accounts. However, the qualifications in becoming an accounting specialist requires a certain amount of education and experience. In this career field the responsibility in the financial aspect is challenging for a person; therefore a person has to be determined, have learning abilities, and growth to become an accounting specialist. Accounts receivables are payments that are coming into the company. Accounts payables are monies being paid out for bills and expenses. A general ledger is journals of accounts that keep all accounts updated on a balance. Accounting specialists, whom are often employed by banks, accounting companies or other businesses' payroll or accounting departments, are typically responsible for various aspects of recording and reporting financial transactions. Some of the responsibilities of accounting specialists are to handle general ledger bookkeeping, payroll tasks, bank statement reconciliation (assuring that all transactions are recorded that are going in and out of the bank account) or accounts receivable and accounts payable. Accounts receivable is the monies owed to you on account from your customer’s, and accounts payable is the monies that are being paid out to other companies for bills and/or supplies and expenses of the company. Accounting specialist are also responsible to prepare relevant reports of certain financial activity and use your accounting skills for problem solving. (DegreeDirectory.org, 2013) If you are looking into what it takes to become an accounting specialist, you will need a specified amount of education. You need to get an associate’s degree and have 5-7 years of experience in the accounting field....