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As experts for fiscal and financial matters, balance sheet accountants play a key role within companies. Since their analyses and evaluations form the basis for important management decisions, they are highly sought-after.
Balance sheet accountants have very good prospects on the labour market – as employees and freelance consultants alike. Having completed training as a balance sheet accountant, they are not only fit to work for international companies, but can also undergo training to become a tax consultant. As balance sheet accountants are in demand across all industries, they can specialise according to their own preferences and thus work in private enterprises, organisations, associations or in public administration.
Balance sheet accountants have a wide variety of tasks, often involving a high degree of responsibility. Oftentimes, they work in close collaboration with the management and develop the financial basis for business decisions. They prepare financial statements and are responsible for bookkeeping. In addition, they assist the management with the interpretation of the annual financial statements and calculate upcoming tax payments. Depending on the size of the company and their experience, they might also take on personnel responsibility.
A completed apprenticeship in the commercial area allows to undergo training to become a balance sheet accountant. Suitable training courses are offered by Chambers of Commerce and Industry, for example, or by distance-learning universities. It is important that balance sheet accountants have an interest in mathematics and accounting, since numbers form an integral part of their working life. Besides, they need to have extensive industry knowledge and tax law expertise.
The average starting salary of balance sheet accountants is between EUR 30,000 and EUR 40,000 per year. With increasing experience and additional (managerial) responsibility, their income grows as well. Depending on the industry and the size of the company, it can amount to up to EUR 60,000 per year.