Full Time Bookkeeper
Need a full-time bookkeeper? Look no further.
From keeping an eye on your balance sheet, to reviewing your day-to-day expenses and transactions, a good bookkeeper can be an invaluable resource for your business. At Hatcher, we’re highly experienced and well placed to provide your business with full-time bookkeeping as a complement to our other services.
What does a bookkeeper do?
Bookkeepers are responsible for maintaining accurate and up-to-date financial information about your business. Depending on the nature of your business, a bookkeeper’s role can be hands-on and diverse.
In many SMEs, hiring a bookkeeper is the first point of contact for business owners wanting to reshape their operational or financial strategies. Bookkeepers traditionally work alongside accountants, as their skills are complementary.
Taking Bookkeeping off your plate
A strong business model makes use of both a bookkeeper and an accountant. A full-time bookkeeper’s responsibilities will typically involve:
- Data entry – regularly recording operational business transactions. This may also include recordkeeping for accounts payable, accounts receivable, or payroll.
- Bank reconciliations – cross-referencing financial records against bank statements and other key documents.
- Monthly reporting – summarising a business’s financial position to enable decision-making at a management level.
- End of year reporting – contributing to annual profit and loss statements, or balance sheet reports.
- Education – training a business’s employees to correctly use accounting software, inventory control systems, point of sale tools, and other ‘every day’ financial tools.
- Business Activity Statements – bookkeepers with the appropriate registrations can also prepare a Business Activity Statement (BAS) on your behalf.
A full-time bookkeeper prepares and maintains the above financial information so that it can be readily accessed by your accountant or business advisor at the appropriate time.
How can a bookkeeper help my business?
In many start-up businesses, the owner and the bookkeeper are often one and the same. As your business evolves, however, it’s important to put the right resources in place. Full-time bookkeepers offer real value to businesses at every stage of growth. Bookkeepers can:
- Allow you to spend more time focusing on your core business, and less time preoccupied with data entry.
- Offer a skill-set that complements your accountant’s abilities. It’s worthwhile working with a bookkeeper to reduce your accountancy costs.
- Provide you with fast access to important financial information. Most bookkeepers use the latest accounting software, so you’ll be equipped to make strategic decisions with the touch of a few buttons.
- Give peace of mind that your financial records are being kept accurate and up-to-date.
When it comes to full-time bookkeeping services you can trust, we’ve got you covered. Chat to our team if this is something you’re interested in adding to your services.
FAQs
In Australia, bookkeepers typically complete a certification before working in the field. In addition, most bookkeepers gain relevant work experience before establishing their own client list. Bookkeepers that provide Business Activity Statement (BAS) services must be registered with the Tax Practitioners Board. Choosing the right person to work with is important – ask your bookkeeper about their previous experience and expertise before getting started.
Many bookkeepers will specialise in a specific area or industry. In fact, most bookkeepers are contracted to multiple businesses on a part-time basis, so they often have exposure to a diverse range of people and fresh ideas that may be valuable for you. Ask your bookkeeper for more information about their past work history to discover what else they can do for your business.
In many start-up businesses, the business founder or owner will often wear a bookkeeper’s hat too. As your business matures though, it’s important to put the right resources in place to support future growth.
Disclaimer: Hatcher Advisory and its subsidiaries, together with its owners, managers and employees have endeavoured to ensure the information on this website is accurate. However, you must undertake your own research and seek advice from your financial advisor, broker or accountant to ascertain its application to your specific circumstances. We do not take responsibility for any outcomes based on this material.