What is Bookkeeper?
Bookkeeper (https://irenasbookkeeping.com.au/cloud-bookkeeping) is recording financial transactions. Transactions include sales, purchases, revenues and expenses by individuals and organizations. Bookkeeping is usually done by a bookkeeper. Bookkeeping is different from accounting. The accounting process is usually carried out by an accountant.
A bookkeeper is the main centre for almost all financial and payroll information in the company. A bookkeeper will be assigned to pay bills, collect debts, maintain payroll, and submit all government forms, payment of sales tax and salary deductions.
A Bookkeeper to take care of all the company’s daily financial tasks. You will be responsible for accounts payable and accounts receivable along with all payroll and bank account management and reconciliation tasks. To do well in your role as a Bookkeeper, you must have prior experience as a Book Holder and have used Xero or Quickbooks.
A Bookkeeper’s Responsibility
• Record daily financial transactions and complete the shipping process.
• Sales tax reconciliation, payroll tax, 401k and bank account at the end of each month.
• Monitor transactions and financial reports.
• Processing receivables and payables.
• Check process.
• Understand ledgers.
• Work with an accountant if necessary.
• Handle monthly payroll using accounting software.
Requirements for a Bookkeeper
• Associate’s degree in accounting or business administration. Excellent knowledge of general accounting principles.
• High school diploma.
• Knowledge of bookkeeping software.
• At least two years of bookkeeping experience, preferably in a business service environment.
• Good communication skills, both oral and written.
• Attention to details and accuracy of work.
• Experience with accounting software such as Xero, Quickbooks, or MYOB.
• Able to prepare, review and understand financial statements.