08/09/2022
REMEMBER YOUR ROLE
When someone asks you to prepare Full-set account, you must know what's your exact role, i.e. Senior Accounts Executive in a commercial line or in an accounting firm, it makes a big difference.
The first role assumed you have detailed knowledge in Finance Operation, i.e. you need to monitor accounts receivable (AR) in details, including agreement terms, aging collection and sending reminder on overdue account. These Finance Operation activities generally will not carry out by a professional firm, if you outsource your accounting task to them.
The outsourcing accounting firm will focus on efficient deliver the Full-set account by the same time keeping on eye all the relevant tax COMPLIANCE and auditing standard.
Both roles are challenging as the first role often add VALUE to management as the detailed accounts information can help them make and change decision in advance to grab business opportunity or to cut losses.
The second role officer general will have more up-to-date technical skills and knowledge as they are in professional service industry to deliver best quality services to their clients, this may REDUCE the possibility of non-compliance FINE.
You, an accounting trainee, please know what's your strong and ambitious, before joining in commercial lines or professional lines.
Written by Associate Partner
8 September 2022
