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The main job of a bookkeeper is, to say in one word, keeping the books. But, it is only one of the primary duties that a modern bookkeeper has to deal with. Based on the business company they work in, they may have a variety of duties. In this blog, we discuss all the responsibilities that bookkeepers in Perth have to perform.
In general, bookkeepers Perth are responsible for providing the most accurate and updated financial information about the company. As they handle all the financial management duties, they can take the pulse of a business. Sometimes, a bookkeeper, after analysing all the financial information, prepares a report and sends it to the business authority. The management reads all the included information and then takes an important decision.
But, most often, they make more contributions in the development of strategy. Bookkeepers may also perform some other duties, which professional accountants generally perform. These duties include tax returns and preparing yearly financial reports.
Whenever you hire a bookkeeping service for your Perth-based small business, they will always tell you about two primary tasks: bank reconciliation and data entry. Without these tasks, no other bookkeeping duty is possible. This section will discuss core duties, some additional duties, and other advanced duties in bookkeeping Perth.
In general, the core duties of a bookkeeper are as follows.
In addition to all the core and additional duties, there are several advanced duties, too.
For every small business, it is mandatory to file a tax return at a specific time of the financial year. A professional bookkeeper can help you with tax return filing.
A bookkeeper prepares the yearly profit and loss reports and balance sheets.
Modern-day bookkeepers do not deal with maintaining financial records only. In addition, they can give beneficial business plans, help make budgets and forecasts, and give advice on business improvement.
Modern-day bookkeepers use software applications for their job and implement helpful software solutions to simplify the business process and improve performance.
Business owners and company staff have to be well aware of the bookkeeper’s work methodology. And for that, they can give sufficient training to the team.
Bookkeepers can also provide full-fledged virtual offices like postal addresses, telephones, email communications, etc.
Bookkeepers can meet with accountants to discuss tax queries and financials.
For best-quality bookkeeping or payroll management services for your business, you can get in touch with top professionals from Bookkeeping Perth.
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