There are two main types of accounting:
- Financial accountant – A financial accountant will gather data into financial documents. These financial documents are used to organise all records required by internal and external stakeholders including
- PAYE
- Annual Return
- National Insurance
- VAT
- Corporation Tax
- Capital Gains Tax
- Stamp Taxes
- Statutory Pay
- Real Time Information
- P45s, P46s, P35s, P60s, P11s
- Management accountant – A management accountant uses a business’s financial information to help business managers make business decisions including expansion, change of direction, merging and collaborations.