Finance Jobs : Sales Ledger Job Career Profile
You'll often hear the term 'turnover' in conversations about a company's performance. This is what the sales ledger team is in charge of - it refers to the total amount of sales invoiced by a company. If you work as part of the sales ledger team as a clerk, manager or supervisor, it's your job to issue invoices for all sales made. It doesn't matter how big the deal is, every penny has to be accounted for and properly billed.Training Salary Prospects for sales ledger managers include promotion to credit controller and later financial controlle As a Sales Ledger Manager you should be earning £30,000 or more - possibly up to £45,000 if you work for one of the London based firmsf you're starting out as a sales ledger clerk you should expect to be on around £12,000 to £24,000.
Most employers will encourage you to take your AAT (Association of Accounting Technicians) exams and will provide IT software training, in packages including: Sage, Great Plains, Microsoft Dynamics and Excel, to help you keep up to date with the latest tools to do your job.
If you have bookkeeping experience or are already qualified with the AAT (Association of Accounting Technicians) then you should be able to secure a position as a supervisor or manager.
There are no set minimum entry requirements to get started in a junior position, but employers will look to see that you are organised, confident and have at least GCSE level maths. Some may prefer you have some IT skills too.
• A good eye for detail
• An analytical mind
• A good team player
• Be able to work to monthly deadlines
• Well organised and efficient
• Good numeracy skills
• Good communications skills (written and verbal)
• Experience in financial accounting software, such as Sage
You'll also need to be a VAT expert. It's really important to include VAT as appropriate on all invoices otherwise you could lose your company a sizeable amount each year. Your creditors will also need you to provide them with VAT receipts for their own records. Any experience you have in bookkeeping or credit control will stand you in good stead. Other skills that will help you in your chosen career include:
The general tasks you'll be responsible for include: setting up new clients, producing invoices, banking and reconciliation, running off turnover statements to help business planning, chasing up outstanding debts, sorting out any rebates and filing. There is a legal requirement to keep copies of invoices for six years, so an important part of your job will be setting up and maintaining an easy reference system so that transactions can be easily checked back against if needed.
Questions and Answers
How to pursue a career as a Financial Accountant
Accounting is the study of how businesses track their income and assets over time. Accountants engage in a wide variety of activities besides preparing financial statements and recording business transactions including computing costs and efficiency gains from new technologies, participating in strategies for mergers and acquisitions, quality management, developing and using information systems to track financial performance, tax strategy, and health care benefits management.
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