Bookkeeper Job Description
What is a Bookkeeper Professional?
A bookkeeper is an individual who records the financial transactions of a business or organisation. The role of a bookkeeper is to ensure that all financial documents are accurate and up-to-date, and to maintain neat and organised financial records. Bookkeepers can work in either full-time or part-time capacities, depending on the needs of their employer. Many small businesses choose to hire part-time bookkeepers, as this allows them to save on costs whilst still ensuring that their finances are well managed. Larger businesses may require the services of multiple full-time bookkeepers in order to keep on top of their transactions. The duties of a bookkeeper vary depending on the size and type of business they are employed by. However, there are some common tasks which all Bookkeepers typically carry out: * Recordkeeping – This involves keeping track of all incoming invoices and outgoing expenses through meticulous recordkeeping practices; recording each transaction in both digital (computerised) format and hardcopy (paper).
What does a Bookkeeper Expert do?
It is important for Bookkeepers to have strong attention to detail so as not to miss any crucial information when inputting data into accounting software programs or transferring details over from paper documentation such as receipts/invoices etc.. Furthermore, good time management skills are essential for maintaining timely Books Of Accounts without letting anything slip through cracks which could later prove difficult & costly to fix eg if discrepancies were discovered during an audit by Government Tax Agencies. Data Entry – After recording transactional details accurately , it then falls onto Bookkeepers responsibility transfer entries into relevant accounts receivable/payable ledgers within computer systems ; this might include using double entry accounting methods where debtors & creditors owed sums move between two columns in opposite directions within one ledger
What are the Skills of a Bookkeeper?
The Bookkeeper role is critical to the successful operation of any business. They maintain financial records, prepare reports, and reconcile bank accounts. To perform these duties successfully requires a number of skills and experience in both accounting and bookkeeping. An understanding of Generally Accepted Accounting Principles (GAAP) is essential for the bookkeeper. GAAP are the standards that accountants use when preparing financial statements. This includes knowledge of debits and credits, double-entry accounting, accruals, deferrals, prepayments etc. The bookkeeper must be able to apply these principles correctly to transactions in order to produce accurate financial statements. In addition to having strong technical skills in accounting & bookkeeping, the successful candidate will also have excellent attention to detail and be highly organised with good time management abilities.
What makes an Expert Bookkeeper?
Being able process a high volume of transactions quickly & accurately whilst meeting deadlines is essential in this role. Great interpersonal & communication skills are necessary as the jobholder will deal with clients regularly either by phone or face-to-face meetings; often being their first point of contact within the organisation they work for therefore needing deliver a professional & friendly service at all times
What level of Experience & Qualifications are required to be a Bookkeeper?
Industry Experience: • Minimum of 3 years experience in bookkeeping or accounting. • Familiarity with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). • Ability to use QuickBooks, Xero, MYOB software as well as Microsoft Excel. Training/Qualifications: • Certified Professional Bookkeeper (CPB) certification from the American Institute of Professional Bookkeepers. • Associates degree or higher in accounting or finance related field may be preferred by some employers. Education: • Bachelor’s degree in business administration, accounting, finance or a related field is often seen as desirable for those wishing to become expert bookkeepers
What is the Salary of a Bookkeeper?
The salary expectations for a bookkeeper will vary depending on the experience and qualifications of the individual. Generally speaking, junior-level bookkeepers typically earn between $30,000 - $45,000 per year. As they gain more experience and acquire additional certifications or advanced degrees in accounting/bookkeeping related fields, their salaries can increase significantly to around $60,000 annually. For senior-level positions such as Director of Finance or Controller roles within an organization may command higher pay with annual salaries ranging from $75k -$150k+. These highly experienced professionals will possess strong expertise in financial systems and processes along with exceptional leadership capabilities that enable them to manage complex projects while ensuring compliance across multiple departments.
What are the Working Conditions for a Bookkeeper?
The general working conditions for a bookkeeper will vary depending on the type of employer and work environment. Generally, a bookkeeper may be expected to work in an office setting during regular business hours (Monday through Friday). They may also have some flexibility in their schedule such as working from home or having flexible hours. Bookkeepers typically use computers and accounting software to maintain financial records, prepare reports, process payments and invoices, reconcile accounts receivable/payable ledgers, generate payroll information and more. In addition to computer skillset knowledge of basic accounting principles is essential for this role. In terms of physical requirements a bookkeeper must be able to sit at a desk for extended periods of time while entering data into spreadsheets or databases accurately with strong attention detail; they should also have good organizational skills including filing documents properly according to established procedures. The ability to communicate clearly both orally and written is important when interacting with internal staff members as well external vendors/clients
What are the roles and responsibilities of a Bookkeeper?
Maintaining financial records
Reconciling bank statements
Processing invoices and payments
prepare reports for management
Respond to inquiries from managers, staff, and clients regarding finances
overseeing Accounts Payable/Receivable
Depositing checks and electronic transfers into the company’s bank account
Assisting with budget preparation
maintaining Petty Cash transactions
Filing documents electronically or in physical files (i.e.: receipts)
Timely recording of all financial transactions
Managing customer accounts
Reviewing employee expense reports
Answering questions about invoicing
Generating monthly sales reports
Tracking inventory levels
Monitoring credit card activity
issuing refunds as needed
Keeping up with latest changes in bookkeeping software
Good knowledge of General Accounting
Understanding and Processing of Accounts Payable
Experience in Accounts Receivable
Knowledge of Accrual Accounting
Skills in Financial Auditing
Balance Sheets
Processing of Bank Deposits
Tasks including Bank Reconciliation
Experience in Debits and Credits
Able to complete Deferral Transactions
Understading of Depreciation
Financial Statements
General Ledger
Depositing Payroll Taxes
Overtime
Payroll Journal Entries
Payroll Tax Calculations
Reporting Payroll Taxes
Wage and Salary Calculation
Withholding
Billing
Customer Relations
Invoicing
Monetary Exchange
Skills in accounting software such as Freshbooks, Microsoft Office, QuickBooks, Xero, MYOB, Quicken, Sage, Spreadsheets, Excel, Wave Accounting, ZoHo Books
Where can I find Bookkeeper jobs?
- Create a profile on gigexchange and promote your Bookkeeper skills to advertise you are Open to New Work Opportunities
- Ensure your Resume (or CV), or online work profile is up to date and represents your skills and experience. Ensure your reputation reflects your ability & attitude.
- Apply for Bookkeeper Jobs advertised on gigexchange.
- Practise Bookkeeper interview techniques to ensure you represent your personality and ability succinctly and confidently.
- Accept the job offer if the salary meets your expectations and the employer mission and purpose reflects your core values.
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Jobs
Remote
London
Vancouver
Budapest
Linz
Gibraltar
What are the best job boards for Accountant jobs?
How can I hire Bookkeeper staff online for my business?
The best job board for recruiting Bookkeeper experts is gigexchange.com. Advertise full-time, part-time or contract jobs to find, hire & recruit trusted, experienced and talented Bookkeeper candidates near you.
Are Bookkeeper roles in demand in 2024?
Bookkeeper experts are still in high demand in 2024. If you are an experienced Bookkeeper or looking to train and become one. The job market is looking strong for Bookkeeper jobs near me.