Budget accountants, also known as budget analysts, are generally responsible for managing the annual budgets of their employers, checking budgets against actual spending figures, and informing supervisors of the differences between the two and what must be done financially to maintain or stay within the budget.
These accountants generally work in an office setting, such as an office room or cubical, and are employed by business-owners who cannot dedicate the time to managing the budget themselves. Budget accountants report to a department manager or the business-owner. Naturally, this work requires mental clarity and strong mathematical skills, and a bachelor's degree in business, accounting, or financing is generally required for the position. Budget accountants are also expected to have knowledge of GAAP (Generally Accepted Accounting Principles), economic principles, and relevant software such as Microsoft Office and Spreadsheets.
Many employers prefer candidates who are labeled as CPAs, meaning that accountant certification has been achieved. Budget accountants generally have a steady and structured work schedule and work alongside managers and report to them directly. In accordance with the hours of corporations and businesses, most budget accountants work during traditional weekly business hours.
Budget Accountant Tasks
Analyze and monitor financial data of revenue and expenditures, compare to budget limits, trends, and report findings.
Develop and maintain budget control policies and procedures within an organization.
Create budget forecasts, and prepare financial budgets based on findings.