How to Become an Employee Bookkeeper(1 courses)
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Definition of Employee Bookkeeper
Employee Bookkeepers are responsible for generating and maintaining the financial records for a company or business, documenting transactions, managing accounts and ensuring accuracy as well as producing financial statements and other reports for management and executives.
Making use of spreadsheets accounting software and databases, Employee Bookkeepers enter data from bills and receipts into computers to generate reports and collate data as well as often undertaking additional tasks such as invoicing, processing payroll and sending purchase orders, sometimes requiring them to liaise with clients.
Employee Bookkeepers might be charged with managing the whole companyâ€™s accounts, known as the general ledger, while other times they may function as accounting clerks, handling particular duties as part of a larger team. They organise bank deposits, check receipts, send payments and monitor overdue accounts.
What are the responsibilities of an Employee Bookkeeper ?
- Maintaining financial records and balancing accounts.
- Producing statements, budget reports and financial analyses using accounting software.
- Monitoring and verifying recorded transactions and identifying and reporting irregularities.
- Reviewing bank statements and reconciling accounts.
- Tracking cash flow and credit lines and reporting to management.
- Generating purchase orders, invoices and bank deposits.
- Preparing reports on tax entitlements and obligations such as GST.
- Calculating interest on investments and managing business repayments.
Career Outlook for Employee Bookkeeper
The average age of people working as is 47 with 7.50% of them being male. 31.60% of are employed full-time and they typically work around 37 hours per week.
Unemployment is below average and, with A Bachelor Degree or higher, the average Community Worker can earn around $1,000 per week Before Tax. In 2015 there were 107,700 working and the future growth of the profession is predicted to be in decline, with numbers around 104,300 in 2020.