A full charge accountant is the same as an accountant, except that the full charge portion of the title designates the person as the sole accountant. This means that the full accountant in charge reports directly to a senior manager, such as the president, and can interact directly with the company's board of directors and auditors. The position can be assisted by an external CPA who advises on how to record some of the most complicated business transactions. The full-charge accountant can supervise several accounting clerks.
For example, a billing employee, an accounts payable employee, or a payroll employee can report to the accountant. Full-time accountants have more work experience and demand a slightly higher salary than a standard accountant. They usually work in smaller companies that do not need the expertise of a financial controller or a public accountant. While full-charge accountants are not CPAs, they can help prepare monthly and quarterly taxes.
Your returns are sent to your CPA for review, tax advice, and process tax returns. Reducing the time your CPA needs to spend working on your taxes should translate into significant cost savings. Full-charge accountants are usually responsible for the processing of payroll. They can handle the task themselves or they can supervise a payroll specialist.
If you outsource your payroll, your FCB can help you manage the relationship. Most full-charge accountants have some form of college education. The position clearly demands a good understanding of mathematical and business software. When reviewing candidates, you can consider long-term experience sufficient.
Blake Bobit has been an entrepreneur and business owner for more than 25 years. He founded Solution Scout to provide the most useful answers to questions about business solutions. Blake provides strategic advisory services to companies in many industries across the country and is passionate about helping others reach new levels of success. Full-charge accountants engage in customer accounts and help manage each accounting cycle beyond basic accounting functions.
Let's review your accounting needs and explore the functions of more complete positions, including full-charge accounting. When an internal accountant is not enough to manage your workload, upgrading to a full accountant can be a good solution. If you are thinking about becoming a Full Charge Accountant or planning the next step in your career, find details about the position, career path, and salary path of a Full Charge Accountant.