Do you need an accountant? - Take our test

These are some common tasks in connection with accounting. Put a cross by the tasks you are confident you can do yourself.

Add an account code to a voucher

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Decide how a purchase should be treated in connection with value added tax

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Decide whether an expense allowance must be declared and subject to withholding tax and employer’s National Insurance contributions

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Decide whether major purchases of machinery and equipment should be capitalised or expensed

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Post accounting information

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Prepare an accrued income statement and balance sheet at regular intervals

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Specify purchases/sales against counterparties

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Reconcile accounts for bank, cash and official expenditure

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Reconcile open items in customer and supplier specifications

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Prepare statutory documents which must be sent to the Norwegian Tax Administration and the Brønnøysund Register Centre

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0 – 9 crosses: If you do not already have an authorised accountant, we recommend that you consider outsourcing all or parts of your accounting.

10 crosses: You probably have the skills you need to prepare your own accounts yourself. Do you have the time?