The job of the bookkeeper is really respectable and one that comes with quite a few responsibilities. Whilst the primary aspects in the bookkeeper job description remain fairly unchanged, some duties and responsibilities of the bookkeeper might vary from organization to organization depending on the individual needs of the organization. Usually a bookkeeper working for a smaller company will have a bigger range of functions to carry out, some of which may not be directly within the scope of book keeping. In a bigger company, a bookkeeper's job is going to be restricted only to bookkeeping as the company will employ other people for that other non-bookkeeping related tasks. The core bookkeeper work description is given below.
Bookkeeper Job Description
The primary work of the bookkeeper is well! maintaining the books from the organization he works for. When the employing company makes any transaction, it may be the work from the bookkeeper to record it. The bookkeeper first records a transaction within the journal and then posts it towards the individual ledger accounts. A very essential work from the bookkeeper is to preserve the bills and also the receipts as ready reference for any transaction recorded. The bookkeeper also has to draw up the trial balance and also the balance sheet of the organization at the end from the year. A bookkeeper also has to preserve the subsidiary books and prepare for that payroll payments. A bookkeeper also has to reconcile the bank book and the cash book.
It is the bookkeepers work to discover out if there have been any errors whilst recording, posting or balancing any account. In addition to this, he has to follow all the rules related to accounting within the country in which his organization is operating. The job from the bookkeeper might also be made to include tax calculation, debt collection and financial statement analysis. This means the bookkeeper might also work as a finance manager and take the various decisions regarding purchase and procurement of materials and production costing. If the company the bookkeeper is employed in is really a start-up, then he might also have to design the accounting system for the company.
A bookkeeper is expected to become nicely versed with accounting practices, the GAAP and also the tax laws from the country in which the company is operating. A bachelor's degree in accounting is a must, whilst a CFA is going to be an additional feather in your hat. In addition to this, a bookkeeper ought to also be computer literate and know how to operate the various accounting softwares like Tally and EX along with MS Office. In addition towards the above, a bookkeeper may also require to become well-versed with information management and financial information analysis software, in case he is also in charge of analysis of financial statements and data.
Bookkeeper Salary Selection
The salary of the bookkeeper depends on a variety of factors. The elements that determine the salary of the bookkeeper includes the range of functions he is expected to perform, the size of the organization and the non-monetary benefits that the employing company gives him. But the median salary you can anticipate for a work as a bookkeeper is $37,235. On the higher side, bookkeepers who carry out a larger selection of functions can also anticipate salaries above $42,316. The lower end from the bookkeeper salary spectrum earns below $32,590.
And so we come towards the end of this comprehensive article on bookkeeper work description. If you enter the job market, you will realize that the functions of the bookkeeper largely vary from company to company, depending upon the requirements of a particular company. Hence, the work description of a bookkeeper also changes.
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