WHAT IS AN EMPLOYEE BOOKKEEPER?

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What do I need to study to become an Employee Bookkeeper?

Open Colleges

Study this Certificate IV in Accounting course online and you will gain a thorough understanding of financial practices and procedures.

Mentor Education

This online Certificate IV in Bookkeeping course is the only bookkeeping qualification that is recommended by and delivered to members of the Institute of Public Accountants (IPA).

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What is an 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 company’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 do Employee Bookkeepers do?

  • 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 snapshot for Employee Bookkeeper

  • The average age of working Employee Bookkeepers is 47.
  • 7.50% of Employee Bookkeepers are male.
  • 31.60% of Employee Bookkeepers work full-time and on average they work around 37 hours per week.
  • With A Certificate II or III, Employee Bookkeepers get paid $1,000 per week Before Tax.
  • Unemployment levels are below average.
  • In 2015 records showed 107,700 employed Employee Bookkeepers.
  • The projected growth of the profession is estimated to be in decline with employment numbers around 104,300 by 2020.
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