How to become a Bookkeeper
- Price: £5.99
- Published: June 2017
- Type: Business Opportunity Profile
- Format: PDF
- Qualifications and skills
- Key market issues and trends
- Trading, commercial and legal issues
- Further information
Bookkeepers are financial professionals (usually with recognised bookkeeping qualifications) who maintain up-to-date financial records for their clients such as sole traders and various types of small business, as well as charities and voluntary organisations. Some bookkeepers are also contracted by accountancy practices that require administrative support and help with preparing annual accounts.
Bookkeepers carry out tasks such as recording details of sales income and purchases, checking transactions against bank statements, reconciling ledgers, preparing wages and payroll documents and managing expenses claims.
Some also provide a financial administration service for their clients, pay cheques into the bank, chase late payments, prepare financial statements and reports, and pay suppliers. Bookkeepers also typically assist with completing self-assessment tax and VAT returns and check that accounts are accurate.
This profile provides information about starting up and trading as an independent bookkeeper. It describes the qualifications and skills required, the training available, the current market trends and the key trading issues. It also explains the legislation that must be complied with and provides sources of further information and support.