A bookkeeper, also known as a bookkeeping clerk, records all financial transactions and produces a company’s financial statements at the end of the financial year. They are responsible for computing the receipts and invoices, recording inventory, and classifying the company's income and expenses. They usually report to the accounting supervisor or the accounting manager of the organization. In some companies, the bookkeeper reports to the outsourcing solutions manager who provides bookkeeping services to local and international clients across a range of industries. Bookkeepers are valuable contributors to the business, delivering high-quality records following the latest accounting policies and procedures.
Bookkeepers usually work in an office with the rest of the accounting team. They work in close proximity with the business leadership team and accounts manager to ensure that the most economically viable decisions are made. The average salary for this role is $37,115 per year and can reach $48,561 depending on background, experience, industry, and the hiring location. Although the position is an entry-level one, the applicant has several opportunities for career advancement with the right educational qualification and experience. Successful bookkeepers may move on to become bookkeeping supervisors, managers, or accountants.
Bookkeeper Job duties and Responsibilities
The responsibilities vary based on whether the position is full-time, part-time, or contractual. Bookkeepers are required to oversee the financial data and compliance of business by maintaining books on accounts payable and receivable accurately. They take care of essential accounting tasks such as general ledger entries and recording payments and adjustments. They maintain financial records, are responsible for reconciliations, and also assist with the operational aspects of payroll. They prepare detailed monthly, semi-annual and annual reporting that helps businesses make sound financial decisions. In addition to this, some bookkeepers also assist the HR department, working on new hire documentation, compliance handling, workers temporary disability insurance, and compensation filings, thus making them an indispensable part of a company's fiscal fitness.
Bookkeeper Qualification and Skills
Hiring managers usually seek candidates with a certification or a bachelor's degree in accounting from a college or university. A minimum work experience of one year as a bookkeeper, accounting clerk, or at a staff-level accounting role is generally preferred. Some mandatory requirements that the applicant should possess are strong numerical and IT skills with knowledge of computerized accounting. Experience in cloud accounting software with sound excel knowledge would be a plus. Since the bookkeeper will be dealing with sensitive information, the applicant should be trustworthy, organized, and pay excellent attention to detail. The right hire should be flexible, dependable, and a team player. Additionally, demonstrated problem-solving and decision-making skills and willingness to learn are some of the soft skills that recruiters look for in applicants for this role.