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What is a current accountant?
Current accountants – in Anglo-Saxon parlance they are »ledger accountants« – are primarily responsible for managing the accounts with which the company has regular business relationships with its customers and suppliers. Current accounts, also known as personal accounts, are comparable to a current account with an overdraft facility. The customer and vendor accounts are summarized in the current account book, which is included as a sub-ledger in the general ledger of accounting.
Handle incoming and outgoing payments responsibly and conscientiously
In the case of established, mostly long-term business relationships, such as between banks and companies, there are agreements on payment terms, payment processing and tolerated overdrafts. Current accountants are aware of these agreements and ensure that they are observed – they arrange for the timely payment of invoices, monitor incoming payments, remind customers of payments due in an appropriate manner and, conversely, also check claims and reminders from suppliers. They are also the ones who pass on “repeated payment delays” as tips to the responsible authorities and thus do their part to ensure that potential problems receive the necessary attention before they escalate.
Current accountants are in possession of the up-to-date truth
Nobody in the company is as up-to-date on the current financial status as the current account clerks. Your work is highly confidential and discretion internally and externally must be a matter of course. It is they who have full control over current account balances, and they also know what funds are coming in and what payments are due. They are naturally the first point of contact when controlling and management need information about the current account balance and its short-term development for their decision-making. However, this role of the current account clerk is under increasing pressure due to the ongoing digitalization, because the monitoring of account movements and due dates as well as the dunning process are being handled more and more automatically and without manual intervention.
The job description will change
A high level of technical affinity and sound software knowledge have long been prerequisites without which current accountants cannot carry out their work. This is all the more true as they are directly involved in the big topic of “Business Intelligence” through digitization and data networking. It is therefore foreseeable that the job description of current account bookkeepers will change. Here, too, it will increasingly be a question of not only supplying the current figures and data, but of interpreting them intelligently and contributing their knowledge and experience to the (further) development of programs that make the short- and medium-term forecasts more reliable in the long term make.
The most important things in 5 seconds
- Education: Commercial training and further training to become a “certified accountant” (IHK), possibly also an economics degree with a focus on accounting
- Starting salary: €30,500
- Top salary: €48,700
- Opportunities for advancement: Accountant / Senior Accountant
What does a current accountant do?
Accounting clerks oversee a company’s “current” accounts, which are primarily accounts payable and accounts receivable, and balance sheet accounting. Her tasks include checking accounts, monitoring payment dates and incoming and outgoing payments, approving invoices and making postings.
Other tasks include clarifying open items, dunning and keeping the subledger, and they help prepare the scheduled financial statements.
How to become a current accountant?
Current account keepers require a completed commercial apprenticeship as well as further training to become a “Certified Accountant” or a comparable qualification. If you are aiming for a career in accounting, an economics degree with a relevant focus is recommended.
Depending on the requirements profile of the company, previous knowledge of the use of DATEV, MS Office and SAP or relevant professional experience is required.
Knowledge of English is essential for working in an international environment.
What does a current accountant earn?
up to €48,700
What do you expect from the current accountant?
- Conscientious, systematic and structured work
- affinity for numbers
- communication skills
- knowledge of english
Opportunities for advancement as accountant
Current account clerks have a deep insight into the finances of a company and, thanks to their knowledge, are also in frequent contact with management.
Within accounting, positions as general ledger accountant are possible, with appropriate probation and qualifications, management functions with personnel responsibility.
Dover Township – Human Resources
Personnel office for this coastal New Jersey burg lists current job openings with the government. Offers details on applying for employment.
Fair Lawn – Employment
Job board furnished by this New Jersey town government lists openings within its agencies and departments.
Jersey City – Employment Registry
Answers frequently asked questions about this job placement service formed by a cooperative link between the public, and private sectors.
Medford Township – Employment
Scan the job opportunities with the Township of Medford, New Jersey. Print an application for employment.