Bookkeeper
A bookkeeper is a professional responsible for meticulously documenting a business’s financial transactions and activities. Their responsibilities include recording all financial particulars, covering sales, purchases, payments, and receipts, with meticulous precision and accuracy.
Their work provides the necessary foundation for accountants and financial analysts to interpret and strategise based on concrete financial insights, ultimately contributing to the overall success and stability of the business.
What are common tasks of a Bookkeeper?
Recording Financial Transactions
accurately record all financial transactions, including purchases, sales, payments, and receipts, into the accounting system or ledger
Preparation of Financial Statements
providing snapshots of a company’s financial position by compiling financial data to generate essential financial statements
Managing Accounts Payable & Receivable
ensuring timely payments and collections by managing and keeping track of money owed by the company and money owed to vendors
Payroll Processing
ensuring compliance with labor laws and tax regulations by calculating and processing employee payroll, including wages, taxes, deductions, and benefits
Reconciliation of Accounts
ensure accuracy and resolve any discrepancies by regularly reconciling bank statements, credit card transactions, and other financial records
Maintenance of General Ledger
to ensure that financial records are complete, accurate, and up-to-date by organising and updating the general ledger, which is the central repository of all financial accounts
What are the benefits of hiring a Bookkeeper through Digital Buddy?
Based on information sourced from Indeed.com, the typical yearly earnings for a Bookkeeper in the Philippines is around AUD $9,400. In contrast, Bookkeepers in Australia earn approximately AUD $70,000 annually. Considering all other expenses and operational costs, organisations can expect to achieve substantial cost savings of 60%. We are committed to offering a competitive salary and standard benefits, ensuring our digital buddies are compensated at or above industry standards. This approach is designed to enhance work performance and guarantee client satisfaction through the delivery of exceptional results.
As with other roles, the primary benefit of hiring a Bookkeeper through Digital Buddy lies in substantial cost savings, with the average annual salary being significantly lower. The cost-effectiveness does not compromise the quality of work; in fact, Digital Buddy Bookkeepers are often well-qualified, skilled and proficient in accounting practices providing a strategic solution for businesses looking to efficiently manage their finances.