A Book-Keeper
- 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 - Provides Management Accounts and overview of businesses financial situation.
An Accountant
- Finalises the accounts, in line with company law, and files at Company House.
- Makes the decisions before and after the book-
keeping process - Can provide detailed tax and company law advise
- Measures the profitability of the business, forecasts future needs
- Can provide audits and financial statements
- Establishes what accounts are needed to accurately record the performance of the business
- Provide a deeper understanding of company law and complex tax issues
The Answer is…
Both! But at different times of the year!
