What do accountants do on a day to day basis?

Accountant is a very broad designation and it is a general term. Accounting can be divided in to 2 more common categories.

1. Financial Accountant

2. Management Accountant

A Financial Accountant normally involves in statutory reporting of financials to interested parties. On a normal day to day basis he/she may involve in managing the Accounts Payable and Receivable function, Cash flow management, banking related matters, preparation of documents for state and federal taxes. The information and the reporting provided by a Financial accountant is mainly for the stakeholders and other interested parties.

A Management Accountant normally involves in Product Costing, Pricing, Management reporting on performances, Variance analysis, Budgeting and Forecasting. Management Accountant's get involved in a more analysis role and the reporting that he/she provides is for internal purposes only.