What skills does a bookkeeper need?

A bookkeeper needs 18 essential skills including accounting department processes, bookkeeping regulations, financial statements, depreciation, accounting techniques. Core competencies include .

Will AI replace bookkeeper jobs?

The AI disruption score for bookkeeper is 76/100 (very high risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

AccountancyBusiness and administration associate professionalsISCO 3313

bookkeeper

Bookkeepers record and assemble the day-to-day financial transactions of an organisation or company, consisting usually of sales, purchases, payments and receipts. They ensure all financial transactions are documented in the appropriate (day) book and general ledger, and that they are balanced out. Bookkeepers prepare the recorded books and ledgers with financial transactions for an accountant to then analyse balance sheets and income statements.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (18)

accounting department processesaccounting department processesThe different processes, duties, jargon, role in an organisation, and other specificities of the accounting department within an organisation such as bookkeeping, invoices, recording, and taxing.bookkeeping regulationsbookkeeping regulationsThe methods and regulations involved in the process of accurate bookkeeping.financial statementsfinancial statementsThe set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five parts which are the statem...depreciationdepreciationThe accounting method of dividing the value of an asset over its useful life for the allocation of cost per fiscal year and in parallel to decrease the value of the asset from the accounts of the comp...accounting techniquesaccounting techniquesThe techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.accounting entriesaccounting entriesThe financial transactions recorded in accounting systems or books of a company together with the metadata linked to the entry such as the date, the amount, the accounts affected, and a description of...commercial lawcommercial lawThe legal regulations that govern a specific commercial activity.tax legislationtax legislationTax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.company policiescompany policiesThe set of rules that govern the activity of a company.perform balance sheet operationsperform balance sheet operationsMake up a balance sheet displaying an overview of the organisation's current financial situation. Take into account income and expenses; fixed assets such as buildings and land; intangible assets such...prepare financial statementsprepare financial statementsCollect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting of five p...follow the statutory obligationsfollow the statutory obligationsUnderstand, abide by, and apply the statutory obligations of the company in the daily performance of the job.identify accounting errorsidentify accounting errorsTrace accounts, revise the accuracy of the records, and determine the faults in order to solve them.use accounting systemsuse accounting systemsEmploy accounting systems for recording and managing the accounts, obligations, and rights that the company possesses. Utilise these systems for accounting operations, financial analysis, and preparat...manage the general ledgermanage the general ledgerEnter data and revise the adequate maintenance of general ledgers in order to follow up on the financial transactions of the company, and other non routine transactions such as depreciation.attach accounting certificates to accounting transactionsattach accounting certificates to accounting transactionsCollate and link documents such as invoices, contracts, and payment certificates in order to back up the transactions made in the accounting of the company.prepare trial accounting balancesprepare trial accounting balancesEnsure that all transactions are recorded in the books of the company and totalise all the debits and the credits of the accounts to find out balance in the accounts.maintain financial recordsmaintain financial recordsKeep track of and finalise all formal documents representing the financial transactions of a business or project.

Optional (18)

labour legislationlabour legislationLegislation, on a national or international level, that governs labour conditions in various fields between labour parties such as the government, employees, employers, and trade unions.financial department processesfinancial department processesThe different processes, duties, jargon, role in an organisation, and other specificities of the financial department within an organisation. Understanding of financial statements, investments, disclo...statisticsstatisticsThe study of statistical theory, methods and practices such as collection, organisation, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of ...support development of annual budgetsupport development of annual budgetSupport the development of the annual budget by producing base data as defined by the operations budget process.prepare tax returns formsprepare tax returns formsTotalise all the deductible tax collected during the quarter or fiscal year in order to fill tax return forms and claim it back to the governmental authorities for declaring taxation liability. Keep t...allocate billsallocate billsPrepare and issue bills to clients and debtors taken from the accounts receivable of the financial statements. Disclose the amount to pay, the due date, taxing information, and additional details as n...calculate taxcalculate taxCalculate the taxes which have to be paid by an individual or organisation, or paid back by a governmental institution, compliant with specific legislation.manage cash deskmanage cash deskEnsure compliance with company operating procedures and relevant legislation for cash desk activities. Apply the CCF policy and actively control debt management and recovery within agreed parameters.organise business documentsorganise business documentsPut together documents coming from the photocopier, the mail, or the daily operations of businesses.manage payroll reportsmanage payroll reportsMaintain personnel records as well as payroll reports. Record evaluations, promotions or disciplinary actions.interpret financial statementsinterpret financial statementsRead, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this informa...handle petty cashhandle petty cashHandle petty cash for minor expenses and transactions required for the daily running of a business.archive documentation related to workarchive documentation related to workSelect relevant documentation related to the ongoing or complete work and take steps to archive it in a way that ensures its future accessibility.follow up accounts receivablesfollow up accounts receivablesRevise the accounts receivables section in the financial statements in order to breakdown the financial rights that the company has over other entities. Take actions in order to close the accounts and...ensure compliance with accounting conventionsensure compliance with accounting conventionsExercise accounting management and abidance by generally accepted accounting conventions such as recording transactions at the current price, quantifying goods, separating personal accounts of manager...manage accountsmanage accountsManage the accounts and financial activities of an organisation, supervising that all the documents are correctly maintained, that all the information and calculations are correct, and that proper dec...issue sales invoicesissue sales invoicesPrepare the invoice of goods sold or services provided, containing individual prices, the total charge, and the terms. Complete order processing for orders received via telephone, fax and internet and...handle financial transactionshandle financial transactionsAdminister currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.