If you are numerate, analytical, logical and organized, a professional career in accounting could be best for you. Accountancy training and qualifications can show helpful across a wide range of professions, particularly in finance and management.
As a career, accountancy offers a high salary, opportunity to work internationally, graduate environment and professional qualification. Accountants are available in all the areas of business whether public sector, private sector or voluntary sector for employees such as banks, manufacturing companies, hospital trust, charity film, publisher, the insurance company, universities and colleges. Many accountants work in certified accountants or company of chartered or use their qualification to set up their own business or to move into general management.
Accountants in commerce and industry use their financial expertise to inform management decision-making, to advise other departments within their organization and to increased effectiveness and profitability. In the public sector, accountants perform a similar role but with the significance of ensuring value for money. Some accountants go for specializing learning area such as auditing, insolvency, forensic and tax accounting.
Also, to cover the way for accountancy training as a professional (chartered) accountant, studying accountancy develops the transferable ability that is highly valued by employers in all sectors, including:
- Critical thinking.
- IT skills and the ability to analyse and present data.
- Attention to detail.
- Analysing, organizing and planning.
- Skill to explain complex ideas to others.
- Accountancy is a leading career choice for everyone with a head for statistics.
- Your first step on the trip to become an accountant will be to decide which role you'd like to end up in long-term.
The basic difference between Bookkeeper and accountant
Bookkeeper set up and oversees day-to-day record-keeping in a client's business – then they check the accounts, making sure that they are up-to-date.
On the other hand, the accountant's job is to explain bookkeeping data to estimate whether a business is running effectively or no. Without proper maintaining books of accounts, an accountant can't give financial advice and invaluable tax to business holder.
Qualifications needed to become an accountant?
- As a student, anyone can start his/her career in accountancy as soon as he /she left secondary school, in fact, employers often look for a history of interest and experience while hiring for a finance job.
- There is a variety of accountancy qualification available which will help you to prepare for a career in accountancy.
- How long it takes to become an accountant depends on your long term career ambitions and specific area of business.
- As an accountant, your potential earning is also excellent, and an average salary of £35000 starts if you are working as a part of a large organization.
What's on a bookkeeper's 'to make' list?
A bookkeeper's role is boundless as well as keeping a financial 'paper trail' to balance the accounts, here’s just a list of different tasks undertaken by Bookkeeper.
- Payroll accounting
- Sales accounting and credit control
- Purchase orders and invoicing
- Completing VAT returns
- Data processing
- Cash and banking admin
On top of this, bookkeepers use the information to prepare financial statements ensuring annual returns administered. And because qualified bookkeepers are experts at accounting ledger systems, they help business owners stay in complete control of their finances.
Accounts Assistant Training Content:
You will train to do the following;
Duties typically include:
- Processing and maintaining financial records to understand the workflow of business data through nominal and subsidiary ledgers.
- Computing, identifying and processing journals.
- Dealing with accruals, prepayments, Assets registers Depreciations and more.
- Preparing Account receivables, Accounts payables and KPI reports.
- Dealing with a complex invoice that is not covered at the bookkeeping stage, approving and raising invoices and credit notes
- Processing company expenses
- Dealing with complete Payroll reports, analysing the P32, P60 reports and adding their journals to compute the final trial balances.
- Credit control and debt chasing with the concept of factoring and debtor reconciliation summary reports.
- Preparing accounts for internal review: internal profit and loss account with commentary of relevant KPIs.
- The course content covers much more than what's listed here; you can contact our training consultant to help you customize the plan according to your requirement.
The skill you will gain
- Sales Day Book
- Purchase Day Book
- Credit Notes
- Debtor /Creditor Reconciliation
- Petty Cash Reconciliation
- VAT Calculation
- Bank Reconciliation
- VAT Adjustment
- VAT Submission
To know more about how our Accountancy training or to get complete knowledge about accountancy and Bookkeeping Contacts us on 02037908674 or 01212959988 for more details where you can speak to one of our Consultants and also arrange an appointment with us or Email us on email@example.com.