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;