In this article, we’re going to talk about the role of a bookkeeper in a corporate setting. A certified Xero bookkeeper Adelaide is one of the least appreciated assets of a company. They play a vital role, and we’re going to tell you what it is. So, sit back and continue reading as we’re going to show you what a bookkeeper does.
The Role of a Bookkeeper
A bookkeeper’s role at any company depends on the size, type, and nature of the business. If a small company doesn’t have an accountant, a bookkeeper’s relevance is likely to be extensive as they can also take accounting duties. But at a minimum, a bookkeeper is responsible for processing the paperwork for a company’s transactions. They’re also responsible for getting the information quickly and accurately in the general ledger accounts. However, in today’s highly advanced way of operations, this is done through the use of cost-effective accounting software. A bookkeeper’s job is often reviewed by a certified accountant or the business owner. In the case of the latter, this usually happens when the bookkeeper is working for a small business.
The minimum requirement of becoming a bookkeeper would include the following:
- Business sense
- Keep attention to detail
- Ability to adapt to change
- Understanding of debits and credits
- General knowledge of financial statements
Things that a Certified Xero bookkeeper Adelaide Does
As said earlier, bookkeepers do a lot of things, mainly related to accounting duties. But whether the business is big or small, most bookkeepers may be involved in the following activities:
- Processing vendors’ invoices
- Billing and following up on accounts and receivables
- Payroll processing
- Cash management
- Balancing accounts
- Reconciling account balances
- Processing and preparing adjusting entries
- Offer financial advice to the business owner
- Manage financial statements
- Make a report on the company’s financial status
A bookkeeper is proficient when it comes to the list mentioned above of duties. Bookkeepers are available as private or from a local accounting firm. If you want to best bookkeepers in town, you should consider hiring from a well-known firm. It ensures that they are linked to an organisation that you can run to in case of emergencies.
Having a certified Xero bookkeeper Adelaide working for your business is crucial as they perform essential duties that you will need. You can’t manage your finances on your own. So make sure you hire a bookkeeper today and have them handle it for you. Visit our website now and book an appointment with one of our bookkeepers.