Job Responsibilities of Freelance Bookkeeper: Freelance Bookkeeping involves financial records maintenance of a company. A person with commerce as a background can shine well in this field. As a financial bookkeeper, your main role is to keep an official track of company spending so when it comes to filing accounts there is an accurate trail of all the outgoings.
To start your career as a bookkeeper, need to know very well job responsibility and its requirements:
Job Responsibilities of Freelance Bookkeeper
Page Contents
Job Responsibilities of Freelance Bookkeeper
Responsibilities
Send invoices to clients and keep track of monthly accounts receivable.
Prepare customer spreadsheets and keep online records.
Write checks to vendors and other accounts payable.
Assist with regular reports and an IRS audit project.
Handle monthly payroll obligations.
Complete quarterly or monthly state and federal tax forms.
Categorizing expenses and Inputting invoices into Accounting Software.
Preparing accounts payables.
Bank Reconciliation.
Quickbook/Other Accounting software Clean Up.
Resolving accounting discrepancies.
Set up QuickBooks accounting software/Other Accounting software.
Assisting in preparing our month-end financials.
Generating materials for audit purposes.
Respond to emails to clients.
Bookkeeping of all financial transactions within the holding company and its subsidiaries
Generate P&L’s
Generate financial reports as needed
Complete and track monthly state and federal tax forms if needed
Keeping track of all payments and expenditures, including payroll, purchase orders, invoices, statements, etc.
Reconciling processed work by verifying entries and comparing system reports to balances
Maintaining historical records
Posts revenues by verifying and entering transactions form lock box and local deposits.
Updates receivables by totaling unpaid invoices.
Verifies validity of account discrepancies by obtaining and investigating information from sales, trade promotions, customer service departments, and from customers;
Resolves invalid or unauthorized deductions by following pending deductions procedures.
Resolves collections by examining customer payment plans, payment history, credit line; coordinating contact with collections department.
Summarizes receivables by maintaining invoice accounts; coordinating monthly transfer to accounts receivable account; verifying totals; preparing the report.
Preparing analyses of accounts and producing monthly reports.
Need help with income tax, claiming sales tax, tracking accounts receivable and accounts payable as well as financial statements.
Balancing accounts (also known as ‘double bookkeeping’)
Processing sales invoices, receipts, and payments
Completing VAT returns
Preparing invoices for the Inland Revenue
Checking company bank statements
Preparing cash flow statements
Dealing with financial paperwork and filing.Job Responsibilities of Freelance Bookkeeper.
Requirements:
Expertise in accounting areas such as payroll, accounts receivable, bookkeeping.
Knowledge of accounting specialization such as federal and state tax codes for withholding, sales tax, etc.
Expertise in [ accounting area such as payroll, accounts receivable ].
Expertise in Budgeting
Expertise in Cashflow forecasting
Detail-oriented in its work
Experienced with online tools for service provision and communication
Good multitasking and time management skills
Flexible in planning its office and remote hours
Proactive in proposing new ideas and asking questions
Experienced with Xero and Quickbooks
Certificate in Accounting or a minimum of 2 years of college in a related field
Experience with XERO, QBO, Bill, com. Hubdoc, Receipt Bank
Experience with restaurants industry is an asset
Willingness to learn and adapt to new standards and software
Opt for finance and accounts related subject in high school and graduate with high scores.
Complete your bachelor’s degree in a related subject.
There are some specialized courses for bookkeeping that are useful.
If you have basic knowledge of handling accounts and finance, you could opt for a job with on job training.
Take interest in mathematics from an early stage.
Practice by starting to manage your household accounts or of someone else’s business.
Have up-to-date knowledge of the software.
Get knowledge about the industry and learn to fix your prices according to the nature of each project.
An ability to work quickly and accurately.
Good concentration.
An eye for detail.
An ability to work to deadlines.
Good computer skills (especially with databases and financial software).
To be honest, discreet and trustworthy.
Special Requirements:
Experience with Quickbooks Online, and Google sheets.
He/She should be familiarized with e-commerce sites such as eBay, Amazon.
Knowledge of {accounting specialization such as federal and state tax codes for withholding, sales tax, etc.}
Certification from {major bookkeeping associations, etc.}
Experience with HubDoc and Plooto.
Expertise in Retail, F&B and service industry.
Knowledge of local Zakat and VAT submittal process. Can find suitable auditors
Experience with Quickbooks and quick to learn the POS system.
Classifying and accounting for Petty Cash, Airbnb Transactions,
Classifying and accounting for Booking.com transactions, government payments, etc.
Must have a thorough understanding of Australian tax laws and accounting standards and able to perform, bookkeeping, bank Reconciliations, BAS/IAS preparation & payroll activities with minimal supervision.
Must be familiar with Amazon FBA. Job Responsibilities of Freelance Bookkeeper.
Must-Know Best Bookkeeping Software
QuickBooks Online: Manages small business finances. Instant access to customer, vendor, and employee information. Available in an online version.
Wave Accounting: Wave offers small business owners real double-entry accounting that is integrated with the rest of Wave’s solutions, 100% free!
Xero: Xero’s online accounting software helps small businesses save time and grow. With a variety of helpful features, Xero makes accounting a breeze.
Kashoo: Kashoo is a good option for small business owners who need simple accounting software for bookkeeping and invoicing, but it may be too basic for some businesses.
Freshbooks: FreshBooks Accounting ensures your business decisions are based on actual business data and insights. Set aside enough for tax time, learn the costs of running your business, find out if you have money to hire and confidently forecast your earnings.
FreeAgent: FreeAgent is a cloud-based accounting software targeted at small businesses and their accountants.
Yendo: Yendo Accounting is a free trial software application from the Other subcategory, part of the Business category.
LessAccounting: Less Accounting is an eclectic blend of basic online accounting tools (account management, invoices and proposals, expense-tracking, and budgeting) and more advanced features (automated rules, smart troubleshooting, and tagging) for freelancers and sole proprietors.
Brightbook: Brightbook is an accounting solution that’s light on features, is desktop only, yet still manages to impress. Though it’s unlikely it will ever have a broad appeal, small-scale businesses, as well as freelancers, may be perfectly content with this free accounting software.
Botkeeper: Botkeeper provides automated bookkeeping support to businesses and Accounting firms by using a powerful combination of machine learning, artificial intelligence, and skilled accountants.
KashFlow: KashFlow is a cloud-based accounting solution that caters to businesses of all sizes. Features include invoicing, estimation, credit control, accounting, purchase.