Small and large businesses both hire people to work in part-time bookkeeping positions. Bookkeepers are responsible for managing payroll, assisting with tax filings, and keeping track of a company’s finances. Part-time bookkeeping jobs can be seasonal, or they can require bookkeepers to work a set number of hours on a consistent basis throughout the year.
To handle payroll, many small businesses hire part-time bookkeepers. These people transfer money from the company’s main operating account to a payroll account. Before disbursing the net proceeds to the workers, the bookkeeper calculates each employee’s tax withholding and makes a tax payment on their behalf. In addition, some small businesses sponsor retirement accounts, and the bookkeeper may be responsible for transferring a portion of each paycheck to the retirement fund.
People who work part-time in bookkeeping are frequently tasked with managing a company’s day-to-day operating accounts in addition to handling payroll. Because full-time employees in some countries are entitled to certain benefits, employers can save money hiring several part-time bookkeepers instead of a single full-time employee to handle the accounts. Part-time bookkeepers are typically responsible for making bank deposits and transferring funds from the general ledger to the company’s other operating accounts. Bookkeepers may also present financial reports to the firm’s owner, detailing profits and losses for each week, month, or quarter of the year.
Non-profit organizations and religious organizations have a lot of part-time bookkeeping jobs. These organizations operate on tight budgets, and bookkeepers are frequently paid less than average wages, with some even working as unpaid volunteers. Non-profit organizations are required law in most countries to provide regular financial reports to donors and members of the public, and the bookkeeper is in charge of gathering and reviewing the financial data that goes into these reports.
Some businesses and organizations hire part-time bookkeepers on an annual basis, and these people are usually in charge of preparing documents for tax filing. In addition, many companies issue quarterly reports to shareholders, in which case part-time bookkeepers work for the company for a limited amount of time throughout the year to assist with the preparation of these reports. Seasonal bookkeepers are typically hired on a contract basis, whereas weekly bookkeepers are usually permanent employees.
Qualified accountants with a bachelor’s degree in finance or a related field who have passed national or regional accounting exams are assigned to complex bookkeeping tasks. Less complex bookkeeping tasks are frequently assigned to entry-level employees who have completed high school and have a basic understanding of mathematics. Part-time bookkeeping jobs are often taken on full-time accountants to supplement their income, while part-time bookkeeping jobs are frequently taken on students to cover some of the costs associated with college.