Job description of an accountant for inventory accounting: basic requirements and functional responsibilities

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The profession of an accountant is in demand in any officially registered company. This is facilitated by many tasks, without which it is difficult to imagine entrepreneurial activity. According to federal law number 402, accounting, its maintenance is the responsibility of any economic organization, from the moment it is opened until the official termination of activities. The entrepreneur is given the right to entrust the performance of this function to any official of his organization, as well as to conclude an agreement on the provision of services by a third-party company. Along with the need for accounting, its importance for the company itself is undeniable. Reporting allows you to make more correct management decisions based on an understanding of the real state of affairs in the company. This article will acquaint you with the job description of an accountant for accounting for goods and materials, and also form ideas about the featuresactivities within this profession.

What is the purpose of accounting?

According to the law of our country, accounting is not a right, but an obligation that every economic entity must comply with from the moment of state registration until the official termination of existence. Thus, failure to perform this activity or violation of the procedure for its implementation is a sufficient basis for imposing sanctions on the company from the state.

One of the goals for which accounting is carried out is to provide government agencies with information about transactions related to the company's property. The meaning of this activity is the correct calculation of taxes. Every organization should be interested in this.

An equally important goal for which accounting is carried out is to make the right economic decisions. The collected information gives an idea of the state of the company, allows you to change its policy in a timely manner in order to achieve the highest economic results and at least allow the organization to avoid losses as a result of making not the most profitable decisions.

What is accounting

Accounting is the collection of information organized by a firm about transactions that are related to its property. The data obtained through this tool is recorded either on paper or on software media.

Each enterprise is obliged to control the primarydocumentation. This process is the recording of information about changes in the company's capital resulting from the performance of certain business transactions. Primary documents include those that testify to the conduct of economic actions that led to changes in the state of the organization. The data contained in the primary documentation is entered into the accounting registers.

What is inventory accounting?

Before moving on to the job description of an accountant for accounting for goods and materials, it is necessary to understand what this type of activity is. Companies have to deal with tangible assets that are constantly moving as a result of their activities. These are the materials needed for production and finished products. Accounting for goods and materials in accounting is a timely reflection of operations performed on tangible property.

Any transactions related to company property are documented. In order to improve the convenience and speed of this activity, inventory accounting programs are used. For specialists in this field of activity, their knowledge is mandatory. Training "1C: Accounting" allows you to keep professional accounting in many areas of the company's business.

What operations does inventory accounting include

The job description of an accountant for inventory accounting includes those requirements thatnecessary for the quality of work in the relevant field. However, what operations does this activity include?

Inventory can be represented by inventories (which are used in the manufacturing process), work in progress and ready-to-sell products, as well as assets that are needed for management. Accounting for goods and materials is carried out on the basis of primary documentation.

Inventory accounting includes the following operations:

• Placement of inventory items in the organization's warehouse.
• Fixing information in the primary documentation (quantity, quality of goods and materials, compliance with the supply agreement).
• Reflection of information on the movement of material assets between departments within the organization, on the delivery of waste products and defective products.
• Checking the availability of goods and materials, reconciliation of accounting information. accounting and warehouse.
• Display information about the write-off of values belonging to this category.

Responsibilities

The job description of an accountant for accounting for goods and materials describes duties, rights and responsibilities. So, what are the responsibilities of an employee of this professional field? The accountant must:

1. Be guided by the legislation that regulates this area.
2. Work with primary documents, prepare them for the counting process.
3. Fix operations on the accounting of materials on the accounts of accounts. accounting.
4. Celebratecost of materials.
5. Pay tax deductions.
6. Provide access to accounting information for those persons who are its users.
7. To create: non-standard forms of documents for fixing actions related to property; a systematic chart of accounts. accounting; documents for internal reporting; the procedure and features of accounting and processing information within their area of work.
8. Prepare the information on the basis of which the report is prepared, monitor the state of the documentation (safety), prepare it for placement in the archive.
9. Create a database, make changes to reference and regulatory documents that are used when working with data within this area of work.

Also, employees in this area of professional activity are recommended to undergo training "1C: Accounting". This improves the quality of reporting.

What rights does an accountant of this area of work have?

In carrying out his activities, the accountant for materials accounting has a number of rights. He takes part in the discussion of decisions concerning his field of activity. If necessary, may involve other employees in the implementation of the work, after agreement with the head. In the performance of his duties, he has the right to use information received from other employees and departments. Along with this, the accountant may contact his management withthe purpose of requesting assistance in providing conditions for the quality performance of their duties.

What is the accountant of goods and materials responsible for

Like any other hired worker, an accountant is responsible for the quality of his work, for committed offenses, for causing material damage to the company, as well as for non-compliance with the norms of the organization.

Conclusion

Regardless of the specific direction of accounting, an accountant is a very important employee in any officially registered company. This employee helps to cope with the tax aspect of entrepreneurship. But its benefits to the organization don't stop there. The information that an accountant works with is the basis for making business decisions in any company.