Bookkeeper Job Description: Qualifications, Skills, Salary, Working Hours

Are you good in numbers and considering a career as a bookkeeper? This article will provide you with a comprehensive overview of the qualifications, skills, salary, duties and working hours required for this essential role. Whether you are a seasoned professional looking to refresh your knowledge or a newcomer to the field, this article will guide you through the ins and outs of being a successful bookkeeper.

What is Bookkeeping?

Bookkeeping involves keeping a record of all the money flowing into and out of your business. Bookkeeping is the process of carefully recording and organizing all kinds of financial transactions a business makes while running its course every day.

Bookkeeper Job Description:

Bookkeeper Qualifications:

To become a bookkeeper, you will need to have a solid educational background in accounting or a related field. Most employers will require a minimum of a high school diploma or equivalent, and some may prefer candidates with an associate or bachelor’s degree in accounting. Additionally, many bookkeepers choose to pursue certifications such as The Institute of Certified Bookkeepers (ICB) and Institute of Accountants and Bookkeepers to demonstrate their expertise and commitment to the profession.

Bookkeeper Skills:

In addition to formal education, bookkeepers need to possess a variety of skills to excel in their role. Attention to detail is crucial, as bookkeepers are responsible for maintaining accurate financial records and identifying discrepancies. Strong organizational skills are also essential, as bookkeepers often juggle multiple tasks and deadlines simultaneously.

Analytical skills are another important asset for bookkeepers, as they are required to interpret financial data and provide insights to help businesses make informed decisions. Proficiency in accounting software such as QuickBooks or Xero is often a requirement, so it is important to stay current with the latest technology in the field.

Other Skills:

• Being comfortable using a computer and common software.
• Having strong verbal communication skills
• Prepare quarterly financial reports and annual bookkeeping
• Handle day-to-day financial transactions and balances
• Calm under pressure
• Time management
• Expense reporting
• administration skills
• Company processes
• Customer service skills
• Calculating liabilities
• Accounts payable / accounts receivable
• Records management
• Mathematics knowledge

Bookkeeper Duties:

As a bookkeeper, your primary responsibility will be to maintain accurate financial records for a company or organization. This includes recording income and expenses, processing invoices and payments, and reconciling bank statements. Bookkeepers may also be responsible for preparing financial reports, such as balance sheets and income statements, to help management track the financial health of the business.

Additionally, bookkeepers may assist with payroll processing, tax preparation, and other financial tasks as needed. Strong communication skills are important, as bookkeepers often work closely with other members of the finance team and may interact with clients or vendors on a regular basis.

Day-to-day Tasks:

• Manage sales invoices, income, receipts, and payments
• Preparing statements to show financial transactions
• Handle tasks such as completing VAT returns, ensuring accuracy in accounts
• Preparing payroll, managing expense claims
• Handle confidential and valuable commercial information

Bookkeeper Average Annual Salary:

Bookkeeper Working Hours:

You can expect a standard workweek of around 37 to 39 hours.

Visit Here for Information on Bookkeeper Job Description