What to know about becoming an accountant

April 29, 2020 4:06 pm

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When it comes to working in a Cheltenham Accountants such as https://www.randall-payne.co.uk/ you may be wondering what qualifications you will need and what daily tasks you might be expected to complete. Here is our brief guide on what you need to know about becoming an accountant.

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Accountants are responsible for the financial records of businesses and this could include completing transaction information on a daily basis and completing quarterly VAT returns and annual tax reporting.

Most accountants work standard hours from 9am to 5pm with some extra hours required during busy accounting periods such as in the run up to year end reporting and self assessment tax deadlines.

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Qualifications needed will vary depending on your starting point. Some people come into accounting after completing a finance or business degree and others come in at a lower level following on from their A-Levels. The Association of Accounting Technicians (AAT) provides courses and exams to complete to achieve a recognised accounting qualification.

Some of the key tasks that you may be asked to complete include managing financial systems, creating financial audits, providing financial advice to clients, advising clients on tax planning and legal requirements for reporting and filing of tax reports to HMRC.