ACCOUNTS

What work is involved in an account’s job?

• Making an account book
• Paying the salary to the staff
• Paying the PAYE
• Dealing with water, telephone, alarm company etc.
• Making the salary statement
• Making year account book
• Paying the tax

Smaller companies normally can ill afford to hire an accountant, and so the job usually falls back on the workshop owner to do the book keeping. The accounts person would typically make a rough account book then they would forward the book information on to a registered accountant. This way, the workshop saves a lot of money and time.

Other than the tasks listed above, another primary task of an accounts person is checking the accounts statements from the parts suppliers as it is common for  suppliers to make mistakes such as, charging the wrong parts, putting another workshop name on your name, incorrect charging etc.

One of the most important tasks of an accounts person is paying staff. The last thing you want is to lose staff confidence in you and them complaining that they didn’t get paid and so it is vital to get the job done right the first time. Also, staff members can get sick and take days off from the working day, and so you need make pay adjustments and send out the correct pay statement.  

Having a hired accountant on the payroll, allows you access to company statistics and performance trends such as, knowing whether the company has profited this month or not. Knowing how much money is spent on parts for a set period, and how much money is spent on the salaries etc.

(Source: www.scan2archive.com.au)