Types Of Accountants You Can Hire For Your Business
1. General or Staff Accountants
These are accountants who have no specific specialization in any of the sub-disciplines but maintain broad knowledge in accounting. In other words, they are general accounting practitioners. They can cover a wide range of accounting responsibilities like financial statements, maintenance and reconciliation of company accounts, cash management and payroll and HR services.
Staff accountants can help your business grow financially by offering multi-accounting responsibilities since they have knowledge in virtually all areas of accounting.
Auditors are specialized accountants whose duties are to ascertain if all business records are accurately compiled and recorded, review tax payments to ensure accuracy and compliance for business, individual and government entities.
A lot of accounting firms in Malaysia and also in other parts of the world engage in auditing services, and it is better to hire an external auditor, i.e. one not associated with the company in question because there will be no bias whatsoever.
3. Management Accountants
These serve to give an all-round view of the financial health of an organization, whether the company is making profits or not, and this, in turn, helps the company in making relevant decisions to improve on the weak areas.
4. Cost Accountants
5. Certified Public Accountants
6. Forensic Accountants
Forensic accountants play a vital role in companies to uncover financial frauds that may have eaten deep into the company’s finances. Just like auditors, they sweep through the companies accounting records, and if there’s anything that breaches standards and laws, they draw the attention of authority.
A forensic accountant must possess the curiosity and senses of a detective, and they are quite different from auditors because their investigation is primarily for criminal or civil court proceedings.
7. Government Accountants
8. Project Accountants
Project accountants are accountants hired for handling the financial aspects of certain projects in the company. As opposed to general and staff accountants, a project accountant’s services are required for only projects and not the entire business activity of the organization.
They often work with project managers and help minimize the cost of the project, handle invoicing, budgeting and approving expenses.
In a Nutshell
Different accountants perform varying accounting services, and there is hardly any organization that would need the services of all the types. It is, therefore, crucial to hire the right fit accountant who has the right skillset for your company’s needs as this aids efficiency.
So before seeking an accountant or any accounting firm in Malaysia, be sure first to identify what key accounting services you require and find an accounting company that offers those particular services.
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