FAQs

What does a bookkeeper do on a daily basis?

Industry Leader Answer

Maintain Financial Records:
Keeping on them at all times a neat and easily digestible report of any financials you may require.

Communicate on a Daily Basis:
Keeping in contact with clients and any other financial industries involved in the finances of a business.

Inventory and Budget Needs:
Keeping track of any supplies or furniture which are purchased for any insurance needs. Ensuring the client meets a certain quota and doesn’t spend over a certain amount.

They are also responsible for the following:

Data entry
Bank reconciliation
Accounts payable
Accounts receivable
Payroll
WorkCover remuneration calculations
Superannuation (maintain, payments)

If the bookkeeper is also an employee of a firm and are a registered BAS agent, they have the authority to prepare and charge for the following services: