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Accounts & Finance

Accounts and finance are two related fields that involve managing the financial resources of a business. Accounts typically refer to the recording, classification, and reporting of financial transactions, while finance refers to the management of financial resources and the analysis of financial data.

 

Accounts involve recording financial transactions such as sales, purchases, and expenses, and preparing financial statements such as balance sheets, income statements, and cash flow statements. This process involves ensuring that financial records are accurate, up-to-date, and in compliance with regulatory requirements.

 

Finance involves managing financial resources such as cash, investments, and debt, and making strategic financial decisions that align with the organisation's goals and objectives. This process involves analysing financial data, forecasting future trends, and making decisions on investments, financing, and risk management.

 

Those working in accounts and finance are important to businesses because they are responsible for managing the organisation's financial resources and ensuring that financial records are accurate and in compliance with regulatory requirements. They play a critical role in ensuring that the business operates efficiently and effectively and that financial resources are allocated appropriately to support the organisation's goals and objectives.

 

Efficient and effective financial management can help businesses stay competitive by reducing costs, increasing revenue, and optimising financial performance. Those working in the field are also responsible for ensuring that the business remains compliant with financial regulations, which is critical for maintaining the company's reputation and avoiding legal issues.

|   Roles in Accounts & Finance

Accountant, Financial Analyst, Finance Manager, Accounts Assistant, Credit Controller, Accounts Payable Clerk, Accounts Receivable Clerk, Payroll Administrator, Bookkeeper, Tax Accountant, Audit Manager, Financial Controller, Management Accountant, Treasury Analyst, Financial Accountant, Compliance Officer, Budget Analyst, Finance Director, Business Analyst (finance), Purchase Ledger Clerk.

|   Salaries in Accounts & Finance

The salaries for accounts and finance roles vary depending on the level of experience and responsibility required for the position. Entry-level accounting positions can earn an average salary of £22,000 per year, while those with more experience can earn up to £60,000 per year. Senior financial managers and directors can earn upwards of £100,000 per year. We work closely with our clients to determine the appropriate salary range for each role, ensuring fair compensation for our candidates.

|   How to get into Accounts & Finance

Individuals moving into accounts and finance roles come from diverse backgrounds, and often possess a combination of education, work experience, and personal qualities. Some common backgrounds for those moving into accounts and finance include accounting, finance, economics, and business. However, candidates with backgrounds in other fields such as mathematics, statistics, and computer science can also excel in accounts and finance roles. Successful accounts and finance professionals tend to possess excellent analytical skills, attention to detail, and a strong work ethic.

|   The future of Accounts & Finance

As technology continues to advance, the future of accounts and finance will undoubtedly change. However, one thing that will remain constant is the need for skilled professionals to manage financial resources, ensure compliance with regulations, and provide accurate financial information. Companies that invest in recruiting and training talented individuals for accounts and finance roles are likely to succeed in the long run. At Green Orchard Recruitment, we stay up to date with the latest industry trends and work with our clients to ensure they are prepared for the future of accounts and finance.

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