A part of the process of accounting that records all financial transactions like sales, purchases, payments and receipts made by an individual or an organization is known as bookkeeping. There are two most common systems of bookkeeping – Single Entry System and Double Entry System. Even though these two systems are seen as a part of the real bookkeeping, any practise that involves the documenting of financial transactions is a bookkeeping process.
A person who is in charge of recording the day-to-day financial transactions and is responsible for writing the ‘day books’ of an organization is known as a bookkeeper. The ‘day books’ mentioned here usually keeps records of sales, payments, purchases and receipts. The foremost and critical responsibility of a bookkeeper is that he/she should ensure that all financial transactions are recorded in the correct day books, customer ledger, suppliers’ ledger and general ledger. The bookkeeper is responsible for bringing all day books to the trial balance stage from where an accountant creates income statements and balance sheets.
If you are looking for the best Bookkeeper Oatley, then here are a few tips that you can follow –
- Ensure that the bookkeeper you have chosen is thorough, accurate and dependable and skilled in using various accounting and spread sheet software
- Check the speciality of bookkeeper
- How much attention to details is being given
- What are the services the bookkeeper is willing to offer
- How much training and experience the bookkeeper has
- What are the charges that are required to employ their services
- What are privacy and security measures the bookkeeper employs to protect confidential financial data
- Check whether the bookkeeper has proper credentials and registrations from and with the proper authorities.
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