Job Overview For Accounting Technicians

Designation

The title of Accounting Technician is backed through their Association in the United Kingdom (AAT). The designation, along with the one associated with Chartered Accountant is used primarily in the United Kingdom, although the name is occasionally used on America. United States. In the United States, a similar job could be a highly trained bookkeeper or accountant. A similar United States certificate to the AAT is granted through AIPB. Professional Bookkeepers (AIPB).Boekhouder Amsterdam Noord
Profile

Accounting technicians must perform entry-level accounting tasks in finance or accounting departments. Their primary focus should be related to accounting receivables, data entry as well as payroll, accounts payable and accounts receivable. In many offices, they function as office managers for small-sized businesses, since it is important for offices to employ an office administrator who has solid knowledge of the accounting principles. There are many accounting technicians that hold the responsibility of supervising employees without qualifications, or are part of the employees of the accounting department at the clerk level. Similar jobs as an accounting technician are bookkeepers or accountants as well as office manager and accounting analyst.

Functions

The responsibilities associated with this job involve aspects of accounts payable, which is to categorize and keep track of invoices from vendors and other liabilities. Regarding the department of accounts receivables they record invoices, payees and create outdated report on the receivables. Their work within the department of payroll will include the calculation of liabilities and payroll figures, as well as tax withholdings reports, as well as the making the payroll cheques.

Additional Functions

A greater focus should be placed on data entry, checking for mistakes and reconciling accounts. Since the task is repetitive in nature paying attention to every detail is necessary! They’re required to spot and rectify accounting mistakes, which are usually due to errors in the entry of data. This requires an analytical mindset and is an essential requirement for a skilled Accounting Technician. It is also essential to carry the basic auditing tasks. They could be accountable for the surveillance of receivables and payables accounts as well as bank balances and deposits and also for detecting any irregularities. Additionally, they are accountable for maintaining a an appropriate separation of duties as well as procedures pertaining to internal control. If there is any suspicion of irregularity and they are aware of it, it is their right to begin an investigation.

The Knowledge You Need

In general, the financial statement is prepared by professionals accountants with degrees as part of their duties. While Accounting Technicians aren’t often involved in the creation or analysis of financial reports, they should know the procedure of creating them and also the accounts from which the data came from? This will help them in the entry and coding of transactional data and also in the detecting or correction for any mistakes when there is an imbalance.

General

Account Technicians typically begin their careers as a support position in a company of accountants. It could also be in the accounts department or finance sections of commercial organizations and industrial firms or even the public sector. Whichever option they pick there’s a job for them across all sectors of finance. There are many independent jobs in the corporate world for skilled Account Technicians. It could be a self-employed service provider offering a variety of accounting related services to the numerous small and medium-sized entrepreneurs who can’t or prefer not to hire an accountant on a regular basis.

Admission Requirements: How Do Do You need to do to begin

Although a good level of literacy is required however, there aren’t any specific requirements for a minimum entry point for a person to start education as an Accounting Technician.
Training on the job is typically provided at the beginning, while taking part in distance education or on a part-time basis. The qualifications can be earned through programs run through the Association of Accounting Technicians (AAT) Association (AAT) as well as by the ACCA (Association of Chartered Certified accountants)
Two options are provided by the AAT for the accountant qualification, namely the NVQ/SVQ as well as the diploma. The courses offered are practical and impart knowledge and skills needed to carry out the duties needed.

There are three phases in the NVQ/SVQ path that are dependent on the level of competence.
* Foundation Course – NVQ/SVQ Accounting Level 2.
* Intermediate-NVQ/SVQ in Accounting Level 3
* Technicians – NQ?SVQ accounting Level 4.

Graduates with an UK accounting degree must only finish this stage. If you hold the A-level in accounting and an HNC or other recognized work experience, it’s possible that you are eligible to be exempt for the foundation phase. In this case the AAT as well as the other accounting bodies must be contacted for further information about whether you are eligible for exemptions based on your credentials.

To obtain the status of a technician, it is mandatory that you have at the very least one year of experience. If you’re already employed in the finance industry and have the ability to show proof of experience in the field This is the preferred option.