Bookkeeper Job Description: Are you looking for Bookkeeper jobs in Nigeria 2021? Would you like to work as a Bookkeeper? Also, you would not mind if we guide you on how you can apply for Bookkeeper job recruitment in Nigeria and beyond? If yes, then continue reading.
The bookkeeper position creates financial transactions and generates reports from that information.
The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices.
Bookkeepers usually work for the accounting departments of their companies. employ database and spreadsheet computer programs to do their record keeping.
To excel at this job, you must pay close attention to details and be very accurate when recording numerical data. This article is all about a bookkeeper’s job description and salary details.
Responsibilities of a Bookkeeper
These are the functions of a bookkeeper.
- Develops a system to account for financial transactions by establishing a chart of accounts; defining bookkeeping policies and procedures.
- Maintains subsidiary accounts by verifying, allocating, and posting transactions.
- Balances subsidiary accounts by reconciling entries.
- Maintains general ledger by transferring subsidiary account summaries.
- Balances general ledger by preparing a trial balance; reconciling entries.
- Maintains historical records by filing documents.
- Prepares financial reports by collecting, analyzing, and summarizing account information and trends.
- Complies with federal, state, and local legal requirements by studying requirements; enforcing adherence to requirements; filing reports; advising management on needed actions.
- Contributes to team effort by accomplishing related results as needed.
- Managing the day-to-day accounting transactions.
- Liaising with the external Accountant for annual accounts and tax queries.
- Reconciliation, preparation, and lodgment of monthly or quarterly business activity statements (BAS).
- Managing the accounts payable function including the processing of invoices due for payment.
- Managing the accounts receivable function including the allocation of payments.
- Processing payroll and other related payroll tasks.
- Handles investments.
- Receives, reviews, and posts broker statements.
- Keeps track of client assets.
- Handles client mail.
- Prepares appropriate schedules and reports as requested by clients and partners.
- Follow accounting policies and procedures.
- Maintain the chart of accounts.
- Maintain the annual budget.
- Conduct periodic reconciliations of all accounts to ensure their accuracy.
- Monitor office supply levels and reorder as necessary.
Bookkeeper Job Requirements
A bookkeeper must have the following requirements.
- Minimum of two years responsible accounting or bookkeeping experience including accounts payable, accounts receivable, payroll, general ledger, and financial reports.
- Ability to perform several tasks concurrently with ease and professionalism.
- Ability to operate a calculator, computer, and other general office equipment.
- Knowledge of computerized accounting, but must be able to do a manual set of books.
- Knowledge of regulatory requirements of processing payroll accounting transactions and payroll returns.
- Ability to communicate clearly and concisely, verbally and in writing, in English.
- Must be able to keep client matters strictly confidential.
- Must have excellent interpersonal skills and customer service skills.
- Prior experience in Business Management preferred.
- May be required to be a Notary Public.
Education and Training Requirements
1. A high school education, with emphasis on business math, bookkeeping, and accounting, is needed to get a job as a bookkeeper.
Some employers prefer to hire junior college or business school graduates for the position of full-charge bookkeeper.
2. Good performance in business subjects such as business software, typing, accounting, bookkeeping, and business mathematics is an asset.
3. The ability to use a computer is essential, and knowledge of basic spreadsheet and database programs is helpful.
Bookkeepers with two years of bookkeeping experience can obtain a Certified Bookkeeper designation.
The certification ensures employers that bookkeepers can carry out all standard bookkeeping duties.
In order to obtain the certification, a bookkeeper must pass three exams and adhere to a code of ethics. Many colleges offer preparatory courses for these exams.
Bookkeeper Job Benefits
1. Business Decision Benefits
Bookkeeping records offer benefits that help you make smart business decisions. With bookkeeping, you can identify money-making opportunities, avoid cash-flow problems, and find ways to increase income or decrease spending.
2. Risk-Reducing Benefits
Two risk-reducing benefits associated with bookkeeping are the ability to detect fraud and embezzlement.
You might not want to think about it, but there’s always a chance that your business will experience fraud or embezzlement if you have employees or business partners.
If your bookkeeper is honest and good at the job, she’ll be able to spot suspicious business transactions.
3. Compliance Benefits
No matter what type of business you have, compliance with business tax laws is a must. Certain benefits of bookkeeping, depending upon your situation, include the ability to pay income taxes, payroll taxes, workers’ compensation, and sales taxes.
You’ll be less anxious about your bookkeeping records if you find yourself facing an Internal Revenue Service audit.
4. Cash Management Benefits
Certain benefits of cash management include the ability to manage supplier and customer accounts by seeing them on paper, create a business budget, and track deposits and payments.
With cash management, you’re able to account for every dollar and cent your business spends. Bookkeeping provides the cash management you need to create a financial paper trail.
Bookkeeper Job Salary Scales
Demand for bookkeepers, accountants, and clerks is rising. This has resulted in a rise in bookkeeper salary.
As businesses and firms increase, there will be a need for more bookkeepers to maintain financial records.
The salary ranges between from;
- $50,000 to $60,000.
- N18, 024, 945, 27 to N21, 629, 862, 88.
- £39289.16403 to £47146.99684
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