Tips To Hire Reliable Accountants For Tax Preparation Services An accountant is a qualified and responsible professional whose duty is to manage accounts and inform a firm about its financial position for the current financial year. Business organizations will understand the need for accountants when you want to determine profit or loss. Who is an accountant, and what is their duty? Accounting is a profession that deals with: Recording financial transactions, Preparing financial reports, And financial decision-making. You can employ a bookkeeper in any field where he will have to deal with data regarding money. They work as an internal member within a company or organization handling investments or as an external accountant helping companies or individuals with business information.