Practice Accountant job description
Below is a typical job description for an accounant which we hope you find useful. If you need any assistance with recruiting an accountant assistant in the North West we’d love to hear from you.
A Practice Accountant provides professional financial advice to fee-paying clients who could be private individuals, small businesses through to international or public sector organisations.
The Practice Accountant plays a strategic role reviewing data and making recommendations based on this – ultimately aiming to maximise profitability on behalf of their client.
Typical responsibilities of a Practice Accountant involve financial reporting, accounting systems and processes, taxation, auditing, corporate finance, business recovery and insolvency.
Practice Accountants are often now being seen as more holistic business advisers than traditional number crunchers.
Practice Accountant role, duties and responsibilities
A Practice Accountant will be expected to perform any of the following tasks:
- Providing financial advice
- Management of financial systems and budgets
- Undertaking financial audits
- Complete VAT Returns
- Advising on tax planning
- Performing tests to check financial information and systems
- Maintaining records, preparing accounts and management information
- Advising on business transactions, such as mergers and acquisitions
- Advising clients on areas of business improvement, or dealing with insolvency
- Detecting and preventing fraud (forensic accounting)
- Managing junior colleagues and trainees
Typical qualities of a successful Practice Accountant include:
- Ability to undertake personal and corporate tax work
- Audit experience
- Ability to process payrolls
- Good working knowledge of Word, Excel and Outlook as well as accounting and accounts preparation software