Designation
The designation of an Accounting Technician is supported by means of their Association within the United Kingdom (AAT). This designation together with that of Chartered Accountant is used on the whole inside the United Kingdom, despite the fact that the identify is every now and then visible inside the United States. Here, a comparable occupation might be a professionally trained bookkeeper or accounting clerk. A comparable United States certificates to the AAT is awarded through the American Institute of Professional Bookkeepers (AIPB).
Profile
Accounting technicians are required to supply access degree accounting paintings in accounting or finance departments. Their focus have to be relative to records entry, money owed receivable, money owed payable and payroll. In many offices, they act as office managers for commonly small businesses, as it’s far taken into consideration useful to have an office manager with a organization know-how of accounting principals. There are also many accounting technicians who’ve supervisory positions over employees with out stages, or clerk-level accounting personnel. Similar positions of duty to an accounting technician are an accounting clerk or bookkeeper, office manager and accounting analyst.
Functions
The functions referring to this role contain elements of bills payable, to classify and record payments, vendor invoices and liabilities. With regard to the accounts receivable department, they may record invoices, bills and bring growing older reviews on receivables. Their roll in the payroll department, will contain payroll figures and liabilities, collectively with tax with-holdings, reviews runs and instruction of the of the payroll cheque runs.
Additional Functions
Further focus is wanted on facts access, the checking for errors and account reconciliations. As the work is of a repetitive nature, committed attention to detail is required! They are relied upon to find out and correct accounting errors, generally caused by errors in statistics access. This requires an analytical thoughts, that’s a requirement in a talented Accounting Technician. It is also required that he or she contains out simple audit capabilities. They may be chargeable for the monitoring of payable and receivable debts, financial institution deposits and balances and for the perceiving of any irregularities. In addition, they’re liable for the preserving of proper separation of duties and the processes related to inner manipulate. As and when any irregularity is located, then it’s far typically their perogative to initiate an investigation.