A bookkeeper is an individual who has to record and maintain a business’s financial transactions. This includes purchase, sales revenue, expenses, payments, invoices, etc. A bookkeeper has to make sure that the entire financial data is recorded in general ledgers which are then used to produce the balance sheet and income statement.
In simpler words, we usually call the bookkeeper a central hub for almost all the financial and payroll information in a company. He has to oversee the first six steps of the Accounting Cycle (the last two are mostly taken care of by an accountant). Bookkeepers are given tasks like paying bills and collecting debts. Then they have to run all the payrolls and submit government forms. Similarly, they have to make sales tax payments and do payroll deductions as well. So overall, a bookkeeper has a lot on his plate.
Related: Best Online Bookkeeping Classes & Courses
Just like we have mentioned above, a bookkeeper has a lot on his plate all the time. And that is why below, we have summarized some of the key responsibilities of a bookkeeper.
Both hard and soft skills play a vital part in becoming proficient at anything and bookkeeping also demands some skills to perform well.
Accounting or bookkeeping is a profession that is not going away any time soon why because every business needs a bookkeeper or a person who can help with taxes and financials. Even 96,000 new accounting jobs are projected from 2020 to 2030 which clearly states this field to be a steady one.
Top companies like Intuit, Safeway, Robert Half, Kroger, The Home Depot, H & R Block, and many others hire bookkeepers who can take care of the financials of these companies. Sure many companies tend to hire bookkeepers but know that each company has its own requirements and expectations from the employer and it varies from company to company.
Bookkeepers can work easily in industries like retail, finance and insurance, professional, technical services, wholesale trade, healthcare, social assistance, and many others.
This section contains salary statistics of a bookkeeper working in different major countries. Getting an overview of salary statistics in these major countries would give you an idea of how much you can earn in a particular country.
Country | Average Salary (Yearly) |
United States | $44,603 |
Canada | CA$50,662 |
United Kingdom | £28,390 |
India | ₹109,382 |
Australia | A$69,000 |
The average annual salary of a bookkeeper working in the US is around $44,603.
Working in Canada as a bookkeeper can help you earn around $50,662.
In England, the average annual salary of a bookkeeper is £28,390.
In India, working as a bookkeeper can help you make an average annual salary of ₹1,312,584.
In Australia, you can expect to make an average annual salary of AS$69,000.
References/Sources:
Choosing the right career path can be a daunting task, especially with the myriad of…
Believe it or not, the concept of human resources has existed for more than 100…
Web3 managed to change the gaming industry by leveraging blockchain technology. It offers a decentralized…
College is often fun and is filled with lots of activities, especially in the first…
The internet has evolved significantly, from static Web1 pages to the dynamic, user-driven Web2 we…
Disaster recovery (DR) is the process which an organization can recover and keep working after…