What is the Bookkeeper?
The bookkeeper job is to record the company’s transactions like sales, purchases, payroll into their system. They maintain businesses on how finances flow in and out day-to-day.
What are the Bookkeepers role?
- Balancing Accounts
- Processing sales invoices, receipts and payments
- Completing VAT returns
- Checking accounts accuracy
- Preparing statements of income and payments
- Checking company bank statements
- Dealing with financial paperwork and filing
- Preparing the wages
- Preparation of the annual accounts
- Managing expenses claims
- Giving administrative support to accountants
- Use of computerised accounting software
How do you become a Bookkeeper?
Three bookkeeping professional bodies offer a qualification in Bookkeeping:
- AAT: Association of Accounting Technicians
- ICB: Institute of Certified Bookkeepers
- IAB: International Association of Bookkeepers
What skills are needed for the role of Bookkeeper?
- Pay Attention to the details
- Administration
- Teamwork
- Customer Service
- Oral & Written Communication
- Computerised Accounting
- Maths
What salary a Bookkeeper earns?
- The new/fresh Bookkeepers will earn around £17,000. They can earn up to £30,000 if they are more experienced and qualified. They will need to obtain Bookkeeping degrees if they want to make a higher salary.
How can KBM help you in becoming a Bookkeeper?
KBM offers courses for software training like Sage, Xero and QuickBooks (HMRC approved) to ensure that you are capable of:
- Submitting VAT Returns to HMRC digitally.
- Recording sales and purchases invoices
- Performing bank reconciliation
The government has announced that in 2020 all the businesses with a turnover of £85,000 and above should submit their VAT Returns. It would help if you learned the accounting software to meet this requirement. Hence, KBM training is best suited for your career.
