Accounting departments are composed of many different elements, each with its own level of responsibility and expertise. At the top of the hierarchy is the Chief Financial Officer or Controller. This executive has ultimate responsibility over the financial affairs of the organization. Below the CFO are Senior Accountants, overseeing day-to-day operations. These professionals manage and review the company’s accounts receivable and payable, oversee internal financial statements, and develop budgets and forecasts. On the next level are Staff Accountants, who prepare monthly reports and other special assignments as needed. Lower down the chain are Bookkeepers, responsible for daily accounting data entry and tracking of payments. Finally, in most organizations, Assistant Bookkeepers support the Bookkeeper in their duties. By understanding the accounting department hierarchy, you can more efficiently manage your organization’s financial matters.