V Skill HF-D9.5-001 sector-specific 12 skills
Financial administration
Processes purchase, sales and bank entries in the accounting system, reconciles ledger accounts and delivers an auditable administration.
How hrmforce measures this
- Assessment method
- Work sample test · rho 0.33 (SD 0.09)
- hrmforce instrument
- Work sample test, Knowledge test (client-specific)
- Competency (50-framework)
- Accuracy
- Trainability
- high
- Demand outlook 2026 to 2030
- declining
The candidate performs a representative work sample under standardised conditions.
Behavioural anchors
| Level | Behaviour at this level |
|---|---|
| N1 Guided | Posts purchase invoices to the correct ledger account under supervision and refers unclear items to the accountant. works under supervision and follows instruction · routine, one variable at a time · own task |
| N3 Proficient | Independently closes the monthly administration, explains differences between subledger and general ledger and corrects incorrect entries. sets own approach and seeks input proactively · several variables, some ambiguity · own team or process |
| N5 Leading | Designs the layout of the administration and the chart of accounts and sets guidelines for processing and control. sets the standard and the policy · strategic, under high uncertainty · organisation, value chain or profession |
N2 and N4 are deliberately not anchored. Raters place them between the anchors, following the O*NET convention.
Underlying skills
These skills inherit the assessment route and the behavioural anchors of this construct.
| T | Skill | Definition | Demand outlook 2026 to 2030 |
|---|---|---|---|
| V | Managing general ledger accounts General ledger management | Maintains the chart of accounts, opens and blocks ledger accounts and keeps the structure consistent. | declining |
| V | Making journal entries Journal entry | Posts corrections, accruals and allocations through the journal with substantiation attached to the entry. | declining |
| V | Clearing suspense accounts Account reconciliation | Investigates open items on suspense accounts, clears them and explains what remains. | declining |
| V | Preparing a VAT return VAT return | Prepares the periodic VAT return, reconciles it with the accounts and files it on time. | declining |
| V | Processing purchase invoices Accounts payable processing | Checks purchase invoices against delivery, price and VAT, codes them and prepares them for payment. | declining |
| V | Recording sales invoices and receivables Accounts receivable processing | Creates sales invoices, records them in the accounts and keeps the open items list up to date. | declining |
| V | Processing and reconciling bank transactions Bank reconciliation | Imports bank transactions, matches them to invoices and reconciles the bank balance with the ledger. | declining |
| V | Maintaining a fixed asset register Fixed asset register | Tracks acquisition value, commissioning date, residual value and book value per fixed asset in the register. | declining |
| V | Calculating depreciation Depreciation calculation | Calculates depreciation per asset using the chosen method and posts it per period in the ledger. | declining |
| T | Using Exact Online Exact Online | Processes purchases, sales, banking and ledger in Exact Online and extracts reports from the system. | stable |
| T | Using Twinfield Twinfield | Performs entries, VAT returns and reporting in Twinfield for one or more sets of accounts. | stable |
| T | Using invoice scanning and recognition software Invoice automation | Uses scanning and recognition software to read invoice data automatically and checks the proposed entries. | declining |