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What is an Accounting Technician

What is an Accounting Technician?

Accounting technicians may be employed in industry, commerce, or the public sector and are recognised internationally.

  • They prepare the financial information which professional accountants or business managers use when making decisions. They may be the only financially trained member of staff in small enterprises.
  • They undertake a wide range of accountancy and financial tasks and tend to start their journey in a finance support role.

Typical work activities

Depending on the route taken, qualification and subsequent work experience, an accounting technician may cover a range of roles including collation, checking and analysis of financial information

Responsibilities in all company sizes would include:

  • assisting in the preparation of accounts;
  • dealing¬† with basic book keeping;
  • processing and paying invoices;
  • recording receipts and payments;
  • preparing and checking ledger balances and other monthly and yearly accounts;
  • completing and submitting tax returns, VAT returns and National Insurance contributions;
  • handling company expenses and payroll systems that pay wages and salaries;
  • using computerised accounting systems.
 With experience, you might take on supervisor responsibilities and more complex tasks, such as:
  • preparing financial reports;
  • planning and budget control;
  • helping qualified accountants with accounts inspections (audits)
  • Different financial departments require different specialist knowledge. Accounting technicians can develop specific skills depending on which area of finance they work in.
Self-employed accounting technicians provide a range of accountancy services to businesses. These tend to be in a specialist area of accounting and may include:
  • advising on budgets;
  • advising on taxation issues and ensuring compliance with taxation legislation;
  • calculating end-of-year accounts;
  • consultancy.