WHAT IS A BOOKKEEPER?

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What do I need to study to become a Bookkeeper?

MCI Institute

Get essential skills for a rewarding career in the financial services sector with this online Certificate IV Financial Services (FNS41815) from MCI Institute.

The National Finance Institute

Kickstart a rewarding career with the industry knowledge and specialist skills gained through this Certificate IV in Accounting and Bookkeeping (FNS40217) from NFI.

MCI Institute

Gain skills and core competencies to help you begin a career in accountancy or bookkeeping with this self-paced online Certificate IV Accounting and Bookkeeping (FNS40217) from MCI Institute.

FNS40217

Certificate IV in Accounting and Bookkeeping

Gain skills and core competencies to help you begin a career in accountancy or bookkeeping with this self-paced online Certificate IV Accounting and Bookkeeping (FNS40217) from MCI Institute.
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Monarch Institute

Take the next step in your accounting career with this online Diploma of Accounting (FNS50217) from Monarch Institute and achieve your goals.

The National Finance Institute

Develop your professional skills and take your career in finance further with this online Diploma of Accounting (FNS50217) from NFI.

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What is a Bookkeeper?

Bookkeepers are in charge of producing and maintaining financial records for a business or organisation, recording transactions, updating statements and verifying accuracy as well as generating financial statements and other reports for managers and supervisors.

Utilising specialised accounting software, spreadsheets and databases, Bookkeepers enter information from receipts and bills into computers in order to generate reports and collate data as well as often taking on additional responsibilities like invoicing, purchasing and payroll, requiring them to occasionally communicate with clients.

Some Bookkeepers are responsible for maintaining an entire organisation’s accounts, known as the general ledger, while others operate as accounting clerks, handling specific tasks as part of a larger team. They prepare bank deposits, verify receipts, send payments and keep track of overdue accounts.

What do Bookkeepers do?

  • Producing statements, budget reports and financial analyses using accounting software.
  • Reviewing bank statements and reconciling accounts.
  • Monitoring and verifying recorded transactions and identifying and reporting irregularities.
  • Maintaining financial records and balancing 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 snapshot for Bookkeeper

  • The average age of working Bookkeepers is 47.
  • 7.50% of Bookkeepers are male.
  • 31.60% of Bookkeepers work full-time and on average they work around 37 hours per week.
  • With A Certificate II or III, Bookkeepers get paid $1,000 per week Before Tax.
  • Unemployment levels are below average.
  • In 2015 records showed 99,800 employed Bookkeepers.
  • The projected growth of the profession is estimated to be in decline with employment numbers around 88,400 by 2020.
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