A bookkeeper is a highly essential role for any business. Without a bookkeeper to pay staff, pay bills, and keep track of spending, a business would not be able to operate.

A bookkeeper will monitor and record how a business makes money and spends money, pay employees their salaries, pay suppliers for products and services, manage cash payments, etc.

The general duties of a bookkeeper comprise:

  • recording financial transactions
  • balancing the books
  • cross-referencing the books with bank statements
  • performing daily banking activities
  • processing client and customer payments
  • managing accounts receivable
  • calculating GST
  • preparing and lodging BAS
  • paying staff (payroll) and suppliers (accounts payable)
  • producing monthly financial reports

The above compilation is not a complete list of bookkeeping duties; there are more advanced duties that some Gold Coast bookkeepers will also be expected to perform. Such duties include training, EOFY reporting, implementing a business process, and managing business budgets.

Suffice it to say; it’s not enough to put on your bookkeeper hat for a couple of hours a week. Bookkeeping is time-consuming, yet it is very necessary for every Gold Coast Business.