· Recording transactions: Responsible for recording all financial transactions that occur within a business, such as sales, expenses, and purchases.
· Preparing financial statements: This involves creating financial reports, such as income statements, balance sheets, and cash flow statements, to provide an overview of the company’s financial position.
· Managing accounts payable and accounts receivable: This includes tracking and managing money owed to the company (accounts receivable) and money owed by the company (accounts payable).
· Conducting audits: Responsible for performing audits of financial records to ensure accuracy and compliance with regulations.
· Tax planning and preparation: Provide advice on tax planning and preparation, as well as preparing and submitting tax returns.
· Secretarial services: Maintaining necessary registered and records to be maintained for a company.
· Handling HMRC & PAYE (Monthly, Quarterly, Annually) compliances.
· Managing budgets: This involves developing and managing budgets for clients, monitoring spending, and ensuring financial targets are met.
· Communicating financial information: An accountant may be responsible for communicating financial information to clients, such as explaining financial reports and advising on financial matters.
· Building client relationships: An accountant may be responsible for building and maintaining positive relationships with clients, including responding to client inquiries and providing excellent customer service. · Managing payroll: This involves managing the client’s payroll, including calculating and processing employee pay checks, managing taxes, and maintaining employee records