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Roles within Accountancy Practice – Bookkeeper

Roles within Accountancy Practice – Bookkeeper

Bookkeeping is a vital part of Public Practice Accountancy, and forms the basis for an accurate and efficient financial reporting system. It involves recording, classifying, and summarising financial transactions in a systematic manner.

The role of a bookkeeper in Public Practice Accountancy is to support clients in managing their financial records. They are responsible for ensuring that financial transactions are recorded in a timely and accurate manner, and that all financial statements are prepared in compliance with accounting standards.

Bookkeepers use various software systems and tools to keep financial records, including accounting software, spreadsheets, and databases. They must have knowledge of these systems and be able to apply accounting principles and concepts in their work.

Bookkeepers are also responsible for reconciling bank statements and ensuring that all accounts are balanced. They must be able to identify any discrepancies or errors and work with the client to resolve them.

In addition to record-keeping, bookkeepers may also provide assistance with budgeting and forecasting, as well as supporting the preparation of tax returns. They must have good organisational skills, be detail-oriented, and have strong communication skills to effectively interact with clients and other stakeholders.

Public Practice Accountants depend on the work of bookkeepers to provide accurate and reliable financial information to their clients. Bookkeepers play a crucial role in ensuring that financial records are maintained accurately and that clients have the information they need to make informed decisions about their business.

In conclusion, bookkeeping is a vital function in public practice accountancy, and bookkeepers play a key role in helping clients manage their financial records and meet their financial reporting obligations.

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