CV Profile No.54333

Maintaining Records Every Money going in and out of the bank (physically or electronically) needs to be accounted for. Bank accountants oversee daily transactions in order to be certain that books balance at the end of the day, meaning there is a credit for every debit and vice versa. They also keep tabs on cash on hand to ensure the bank has a sufficient amount to handle daily customer requests. Resolving Errors Whether a bank teller gave out too much money or a member of the accounting team typed a number incorrectly, bank accountants play detective to figure out what went wrong. They then must go through procedures to rectify errors, including adjusting accounting entries. Noticing Problems Bank Accountants are often the ones who spot money laundering and other illegal actions. As they monitor records, suspicious transactions or unusual account activity may raise red flags, and bank accountants report their suspicions to higher authorities. Following Procedures A bank's classifications, accounting practices, and reporting need to adhere to proper standards. Bank accountants ensure compliance with government regulations and may provide information to external auditors when they perform reviews. Bank accountants also may be responsible for tax preparation