At a Glance
- Tasks: Prepare UK year-end accounts and financial statements while resolving queries.
- Company: Join a dynamic team focused on delivering top-notch accounting services in the UK.
- Benefits: Enjoy flexible working options from home or office, aligned with UK hours.
- Other info: Ideal for those seeking to enhance their skills in a supportive environment.
- Why this job: Be part of a passionate team that values independence and offers growth in accounting expertise.
- Qualifications: 3-4 years of UK accounting experience and proficiency in relevant tax systems required.
The predicted salary is between 36000 - 60000 £ per year.
About the job Senior Accountant / Accountant - UK
About the job Accountant - UK
Job Overview
We are seeking a proactive and detail-oriented accountant to join our growing team supporting a UK-based accountancy practice. This role involves managing the day-to-day accounting needs of multiple clients across various industries. You will work extensively with Xero, Sage, Excel, and Dext, ensuring timely and accurate financial reporting, VAT compliance, and effective communication with clients.
Key Responsibilities
1. Bookkeeping and Transaction Management
- Maintain accurate records of daily financial transactions using Xero and Sage.
- Process and reconcile bank, credit card, and petty cash transactions.
- Manage sales and purchase ledgers, including invoicing, supplier payments, and credit control, using Dext.
- Record payroll journals from internal systems or external payroll providers.
- Post accruals, prepayments, and other month-end journal entries.
- Reconcile balance sheet accounts, including control and intercompany accounts.
2. VAT and Compliance
- Prepare and submit quarterly VAT returns in line with HMRCs Making Tax Digital (MTD) requirements.
- Ensure correct VAT treatment for transactions, including reverse charge and other applicable rules.
- Maintain documentation and audit trails for VAT compliance.
3. Management Reporting
- Prepare monthly and quarterly management accounts including:
- Profit and Loss Statement
- Balance Sheet
- Cash Flow Forecasts
- Budget vs Actual variance reports
- Assist in budgeting and forecasting in collaboration with internal teams and clients.
- Support clients with financial insights and performance analysis.
Requirements
- Part-qualified CA, ACCA, or CIMA.
- 23 years experience in an accounting or bookkeeping role, ideally within a UK accountancy firm.
- Proficient in Xero, Sage, Dext, and advanced Excel.
- Solid understanding of UK VAT rules and general compliance requirements.
- Excellent attention to detail with the ability to manage deadlines across multiple clients.
- Strong written and verbal communication skills, with the ability to explain financial data clearly.
- Knowledge of FRS 102 and FRS 105 is an added advantage.
Work Opportunities from Home/office UK calendar
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Senior Accountant / Accountant - UK employer: Veracity Group
Join a dynamic team that values independence and passion for numbers, offering a supportive work culture that fosters professional growth and development. With the flexibility of working from Sri Lanka while serving UK clients, you will benefit from a collaborative environment that encourages continuous learning and adaptation to industry changes. Our commitment to employee well-being and career advancement makes us an exceptional employer for those seeking meaningful and rewarding opportunities in accounting.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Accountant / Accountant - UK
✨Tip Number 1
Familiarise yourself with UK accounting standards, particularly FRS 102 and FRS 105. Understanding these frameworks will not only help you in the interview but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your knowledge of the IRIS Tax system and CCH Tax system, as proficiency in these tools is a definite plus. Consider taking online courses or tutorials to enhance your skills before applying.
✨Tip Number 3
Prepare to discuss your experience with UK corporation tax and external audits in detail. Be ready to provide examples of how you've successfully navigated these areas in your previous roles.
✨Tip Number 4
Showcase your advanced Excel skills by being prepared to discuss specific functions or analyses you've performed. This will highlight your ability to handle complex financial data effectively.
We think you need these skills to ace Senior Accountant / Accountant - UK
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your relevant experience in UK accounting and taxation. Emphasise your familiarity with FRS 102, FRS 105, and any specific software like IRIS Tax or CCH Tax.
Craft a Compelling Cover Letter:Write a cover letter that showcases your passion for numbers and your ability to work independently. Mention your years of experience and how they align with the requirements of the role.
Highlight Key Skills:In your application, clearly outline your strong numeracy skills, proficiency in accounting packages, and advanced Excel capabilities. These are crucial for the role and should be front and centre.
Showcase Continuous Learning:Mention any recent CPD activities or independent research you've undertaken to stay updated with legislation and industry changes. This demonstrates your commitment to professional growth.
How to prepare for a job interview at Veracity Group
✨Showcase Your Technical Skills
Make sure to highlight your experience with UK accounting standards, especially FRS 102 and FRS 105. Be prepared to discuss specific examples of how you've prepared year-end accounts and financial statements in the past.
✨Demonstrate Your Tax Knowledge
Since this role involves preparing corporation tax and personal tax returns, brush up on your knowledge of UK tax regulations. Be ready to explain your experience with IRIS and CCH Tax systems, as well as any relevant tax legislation changes.
✨Communicate Effectively
Strong communication skills are essential for this position. Practice articulating complex financial information clearly and concisely, as you will need to liaise with internal teams and external parties like HMRC.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle tight deadlines. Think of examples where you've successfully managed multiple tasks or resolved discrepancies in financial data.
