Duties of the Bookkeeper

There are many parts to a company. When you start a company formation in the US, you have to make
sure that you not only make sure that you register the company with the Companies House and make
sure that all of your shareholders and directors are chosen. But you have to make sure that you have
someone on board to help with your bookkeeping. One of the fastest ways to lose control of your company
is improper bookkeeping.

If you are a new company owner, you should read up on what duties and responsibilities you want your
online

bookkeeping to have. A bookkeeper is going to have access to all of your accounts including bank accounts
so make sure that you have a job description in writing. As a guideline, you should make sure that you
cover
the basics at least.

An online bookkeeping's job is to provide payroll services. Some companies choose a payroll service but
most companies these days keep their payroll in house. This may sound easy enough but there is more to
payroll than just keeping track of employee hours and producing a paycheck. There is the payroll to each
employee and director every week or every two weeks. Then you have the PAYE, sick pay, holiday pay,
vacation pay, national insurance, maternity leave pay if necessary and if a worker becomes injured while
on the job.

If you are a company that works with overseas companies, a bookkeeper who is knowledgeable in overseas


tax laws and setting up procedures to help work with the Euro and other foreign currency. There is so much
that goes into becoming an online bookkeeping that it may not be a job for just one person. You may want to consider hiring a team. You have to remember
that there is also Corporate Tax Planning, Audit Services if necessary and even Shareholder Profits. The person
or people you hire should be well versed in all of these things. A good bookkeeper makes for a successful business.