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Job Description of Bookkeeper

 

Nature of the Job: A bookkeeper is someone who keeps financial records that track a company's expenditures, profit and loss, cash flow, and other financial activities. While bookkeepers perform basic accounting tasks, he or she is not technically a qualified accountant, receiving far less training and not being subject to legal certification.

 

Basic Tasks:

The job of a bookkeeper includes:

·         Record every financial transaction undertaken by a business

·         Notes payments made and what each payment was for and keeps track of money taken in

·         Balance out the profit and expenses of a business

·         After every accounting period, a bookkeeper prepares a report and submits it to an accountant who is responsible for calculating tax payments, issuing official reports, etc.

 

Education and Training Requirements:

  • Graduate of B.S. Accountancy
  • At least one (1) year experience in General Accounting and Bookkeeping: preparation of financial reports and handling bank transactions.

 

Skills and Competency Requirements:

  • Good oral and written communication skills

·         Extremely flexible, working with a constant influx of information

·         Mathematical and analytical skills

·         Ability to concentrate on details

·         Typing skills

·         Can work with people at all levels of an organization

·         Knowledge in Microsoft Excel

 

Salary Range: Depending on qualification and experience

 

Philippines: Php8, 500 to Php16, 500 a month

Overseas: USA: USD 51,402 a year or Php 2,518,698

                    Dubai: USD 45,000 a year or Php 2,205,000.000

 

Work Environment: A bookkeeper usually work in an office. They may also work as a freelancer for individuals and small businesses, handling the books for multiple clients at once.The pace of the work is steady and often repetitive, particularly for bookkeeping clerks.

 

Career Advancement: Bookkeepers may advance to be an Auditor or Accountant

 

Employment Opportunities

 

All business or company needs someone to take care of their finances so a bookkeeper will always be available jobs for bookkeeper both in the Philippines and overseas. Although the increased use of computers and bookkeeping and accounting software in the office has lowered the demand for bookkepers.

 

Professional Organization/s: Philippine Institute of Certified Public Accountants

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