A bookkeeper is a person whose main function is to ensure that proper financial records are kept and updated. For every given financial transaction made the bookkeeper records and analyses in order to keep track on the expenditure of the company. A bookkeeper performs several roles but we will narrow down to four main roles of a bookkeeper which are accounting, administration, office communication and keeping official track of spending in a company.
i . Accounting
For a company to survive finances must be handled with great caution. All expenses and money that comes in as profit must be accounted for and entered correctly in the records to avoid running the company into bankruptcy. Without proper bookkeeping some employees my commit finance offences like embezzlement of funds if they realize there are no proper book records that will help implicate them. For every coin that gets in and out of the business or company the bookkeeper already has a record of it in written. It is the work of a bookkeeper to ensure that all bank accounts of the company are well balanced. If there are no proper records of in written especially during payment of salaries and other company expenditure there might be a higher chance of mischievous employees demanding double payment. The process of bookkeeping must be carried on a daily basis whenever transaction has been made. After carrying all these task the bookkeeper prepares a financial, tax, auditing and accounting reports.
ii . Administration
Quite equal administrative responsibilities are vested on the bookkeeper. Most of the bookkeeper task is purely administrative because for every decision made an aspect of money must be started and that is where the bookkeeper specialty. The bookkeeper is the one who coordinates all functions of a company by mostly advising appropriately on areas he feels there is an emphasis to be put. As we take a closer look of the bookkeeper functions like completing tax returns, checking company bank statements and ensuring that finances are there for employees and also there is for the company, these duties qualify to be purely administrative. Much can be learnt about bookkeeper roles by visiting the following link bookkeepers.com.au.
iii . Communication
For any company to work harmonisely there must be a stipulated channel of communication that every employee uses. Most of the established companies have structures that are mostly in form of departments which help in administration. The bookkeeper plays an integral role in communication in a company. Through him or her, the company gets the right information on how the company has been faring. Through the information the company management can now close down on its lapses.
iv . Keeping The Official Track Of Spending In A Company
Every legal financial document of any given company is kept by the bookkeeper. Record keeping is under the docket of a bookkeeper. Ranging from invoices, filling VAT, taking records of payment of salaries ensuring that all books be it softcopy are updated, any major minor transactions are recorded by bookkeeper services. Visit this site for more information : http://www.bookkeeperco.com.au