Starting a business is never been easy in all part of the world especially in the Australian continent. A lot of rules and regulations set by the Australian government to follow for running a business in the land of Australia.
If you are a new businessman certain you would feel the pressure of managing things correctly and also to handle your business operation in the right path. Because of the difficulties often business owners opts to hire a bookkeeper for their business.
What does a Bookkeeper do?
Well, this will be the million dollar question for almost every small business owners. In simple words, a bookkeeper can be defined is a person who hired by the organization or business in order to help the business operation by handling day-to-day accounts including the all financial transaction and financial statements.
If you want to run a successful and trouble-free business in Australia then you need to lodge BAS (Business Activity Statement) for the taxation process. For this specific reason, many business people especially small business owners prefer to hire Bookkeeping Service Sydney.
In addition to the above-mentioned responsibilities, bookkeepers do many more among those few of them are listed below.
List of Daily Tasks Do by a Bookkeeper?
- Recording entire financial transactions in a bookkeeping software
- Handling all Payroll process
- Managing worker’s records and processing their payments accordingly
- Conducting Auditing and spotting any errors found
- Checking any irregularities in data management and reporting if any error found
- Storing and retrieving data into the financial documents upon request
Difference between a Bookkeeper and an Accountant
An Accountant analysis the given financial data and provides the in-depth and clear view of the business operation, however, A Bookkeeper is a responsible person who supposed to record and retrieve the financial records of the business. To be frank, bookkeeping for small business is essential so that businessmen can concentrate more on their business growth.