Financial record keeping of transactions involving monetary inflows or outflows.
- Financial record keeping of transactions involving monetary inflows or outflows.
- Preparing financial statements (the income statement60, balance sheet61 and cash flow statement62) for reporting to external parties such as shareholders. The financial statements are also the starting point for calculating any tax due on business profits.
- Payroll administration Paying wages and salaries and maintaining appropriate income tax and national insurance records.
- Preparing management accounting information and analysis to help managers to plan, control and make decisions.