The United Kingdom’s robust economy and diverse business sectors make it a prime location for financial activities. Bookkeepers play a crucial role in managing financial records, ensuring compliance with tax regulations, and supporting businesses in maintaining their financial health.
Who is a Bookkeeper?
A Bookkeeper is a financial professional responsible for maintaining a company’s financial records, including expenditures, receipts, and other financial transactions. They use specialized software to record financial data accurately, prepare financial statements, and ensure all financial records are up-to-date and in compliance with relevant regulations.
What is the Average Salary and Benefits Enjoyed by Bookkeepers?
On average, Bookkeepers can expect to earn between £20,000 to £30,000 per year depending on the type of establishment, location, employer, experience and the job role. Other benefits enjoyed include;
- Potential tips
- Retirement plans
- Flexible work schedule
- Health insurance plans
- Paid leave
Job Duties and Responsibilities
- Maintaining accurate and detailed financial records of daily transactions
- Preparing financial statements, balance sheets, income statements, and cash flow statements
- Reconciling bank statements to ensure accuracy in financial records
- Managing employee payroll, calculating wages, deductions, and tax withholding
- Ensuring timely and accurate submission of tax returns and compliance with tax regulations
- Generating reports for management to aid in decision-making processes
Job Skills and Required Qualifications
- Bachelor degree in accounting, finance or related field
- Strong analytical skills
- Pay strong and keen attention to details
- Exceptional organization and management skills
- Proficiency in accounting software such as QuickBooks
- Strong verbal and written communication skills
- Able to thrive under pressure
- Capable of multi-tasking effectively