Home » Bookkeeping articles » Attention Required! Cloudflare

Attention Required! Cloudflare

August 28, 2023
Bill Kimball

As you prepare your bookkeeper job description, salary range transparency is an important consideration. Adding compensation numbers can help to build trust with candidates, while also ensuring applicants who may be more aligned with your budget. A Bookkeeper is responsible for recording and maintaining a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, which are used to produce the balance sheet and income statement. Our ideal candidate holds a Finance degree (preferably followed by accounting CPE courses) and is familiar with accounting software packages, like FreshBooks, Kashoo and KashFlow. One way to think about it is that bookkeepers lay the groundwork for accountants to analyze and prepare financial statements.

what's bookkeeping duties

Bookkeepers are the silent but powerful heroes of every business. They keep tabs on everything and anything to make sure that your company’s finances stay intact, including cash flow statements, bank reconciliations (also known as reconciliation) and loss statements. As you begin the process of drafting your job description, consider putting together the top 10 functions of a bookkeeper for your company. You want to make sure that these are clearly reflected in your job description so that candidates understand your specific needs and how their skills align with those needs.

A bookkeeper is responsible for recording transactions into the system, which is part of the wider and more general practice of accounting. On a day-to-day basis, Bookkeepers complete data entry, collect transactions, track debits and maintain and monitor financial records. They also pay invoices, complete payroll, file tax returns and even maintain office supplies. Responsibilities for bookkeepers can vary widely from business to business, though there are a number of very common bookkeeping responsibilities. Remember that you want to tailor the role’s responsibilities in the job description so that it’s not just aligned with the position but with your company.

Bottom Line About Bookkeepers

However, you want to at least include education, experience and licensing requirements in your job description. Bookkeepers may also share some jobs with accountants, such as the preparation of annual financial reports and tax returns. [Call to Action] Now that prospective bookkeepers are familiar with your company and the job requirements, you need a call to action, so they know exactly how to apply. A well-crafted call to action turns interested job seekers into actual applicants, so let them know how to submit an application or who to contact at your company to apply.

[Work Hours & Benefits] Here is where you’ll want to include working hours and benefits, specific to your open position. This is another chance to sell potential applicants on things like telecommuting, work-from-home options, or additional availability during tax season. Benefits that can set your firm apart, like paid vacation time, conference sponsorships, or childcare reimbursements can go right here.

Bookkeeper Job Description Template

Bookkeepers are responsible for providing accurate, up-to-date financial information about a business. Kelly is an SMB Editor specializing in starting and marketing new ventures. Before joining the team, she was a Content Producer at Fit Small Business where she served as an editor and strategist covering small business marketing content. She is a former Google Tech Entrepreneur and she holds an MSc in International Marketing from Edinburgh Napier University. For example, note which software you want a candidate to be familiar with–including general programs that your office uses. The bookkeeper is generally responsible for overseeing the first six steps of the Accounting Cycle, while the last two are typically taken care of by an accountant.

what's bookkeeping duties

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. After completing your education, you can seek an internship and get on-the-job training to become a bookkeeper. However, it helps to have a two- or four-year degree in accounting, finance or related discipline. We are looking for a skilled Bookkeeper to maintain our financial records, including purchases, sales, receipts and payments.

Bookkeepers (Account Payables Specialists or Entry Level Accountants) play an important role in processing a company’s financial transactions and supporting financial reporting needs. The focus of the role is on managing a business’ day-to-day financial and accounting needs like bookkeeping, recording, tracking and reconciling company business accounts. Bookkeeping is the recording of financial events that take place in a company. Any process of recording financial data is considered bookkeeping and is the first step of data entry into the accounting system. Standard methods of bookkeeping are the double-entry bookkeeping system and the single-entry bookkeeping system.

Ready to post a job?

Ultimately, the Bookkeeper’s responsibilities are to accurately record all day-to-day financial transactions of our company. This Bookkeeper job description template is optimized for posting on online job boards or careers pages. Add your specific bookkeeping responsibilities to attract the most qualified candidates for your company. The two foundational tasks in small business bookkeeping are data entry and bank reconciliation. Let’s walk through the core duties, common additional duties, and advanced bookkeeping. Bookkeepers are friendly, highly organized, and have strong verbal and written communication skills.

what's bookkeeping duties

Find out how you can post your next job with Monster for free today. A good Bookkeeper is detail-oriented, organized and proficient in bookkeeping software. They also take initiative, prioritize and can regularly meet deadlines. Another essential part of being a good bookkeeper is being trustworthy and honest because you’re privy to so much important and confidential information. This website is using a security service to protect itself from online attacks.

Responsibilities of a bookkeeper

Good bookkeeping practices are essential for a business to succeed, especially when it comes to the tax-paying season. This customizable bookkeeper job description sample can assist you as you create a job application that will attract the right candidates. Feel free to revise this job description to meet your specific job duties and job requirements, and find more ideas for crafting your description by browsing Monster’s bookkeeper job listings. Modern accounting software is the repository of all financial transactions for your company and can generate requisite reports in real-time.

  • A bookkeeper is responsible for recording and maintaining a company’s daily financial transactions.
  • Bookkeeping is the recording of financial events that take place in a company.
  • So even if you have accounting software, odds are, you still need a bookkeeper to manage the software, enter data, file reports, identify errors and keep everything current.
  • This website is using a security service to protect itself from online attacks.

A bookkeeper is responsible for recording daily financial transactions, updating a general ledger and preparing trial balances for perusal by accountants. They maintain and file requisite documents for taxation compliance. They monitor cash flow and produce financial reports to assist managers in taking strategic decisions. Bookkeepers may also assist in running payroll and generating invoices for your company. A bookkeeper is responsible for recording and maintaining a company’s daily financial transactions.

Bookkeeper job description

They also prepare reports for the managers and trial balances to assist the accountants. A bookkeeper may also help you run payroll, collect debts, generate invoices and make payments. Bookkeepers oversee a company’s financial data and compliance by maintaining accurate books on accounts payable and receivable, payroll, and daily financial entries and reconciliations.

While there is a general overlap between the two professions, there are a few distinctions that are later discussed in this article. Access all Xero features for 30 days, then decide which plan best suits your business.

What is bookkeeping?

Bigger companies tend to offer better compensation for bookkeepers; this is largely due to the increased volume of transactions and data. A multinational corporation performs hundreds of transactions a second, while a small business might perform less than a hundred in a day. In the Bookkeeper role, you will be responsible for managing company financial tasks such as managing receivables and ensuring all company invoices are properly recorded, tracked, approved and paid. You will work closely with company financial professionals and management, and outside vendors. Success in this role will be demonstrated through accurate payment and financial transaction processing.