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- Records all the information regarding the transactions and financial activities of the business
- Controls the sales and purchase ledgers
- Prepares VAT returns
- Manages credit control
- Prepares bank reconciliations
- Files all source documents
- Corrects errors
- Prepares accounts to trial balance - a complete list of accounts with up-to-date balances for the accountant to produce the end-of-year financial reports
- Closes the year-end accounts making any adjustments necessary
- Revises updates and improves; forms, administration procedures and accounting methods
- Installs and sets-up accounting applications
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- Decides how the book-keeping is managed
- Makes the decisions before and after the book-keeping process
- Prepares financial accounts and reports based on the book-keeping information, for example; profit and loss statement, balance sheet, tax returns, etc
- Measures the profitability of the business
- Advises on how to maximise profit based on the sales and revenue expense of the company
- Establishes what accounts are needed to accurately record the performance of the business
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