The job of a bookkeeper is to keep records of all the money that comes into and goes out of a business. Some typical bookkeeping jobs include the following:
• Recording financial transactions
• Posting debits and credits
• Producing invoices
• Maintaining and balancing ledgers, accounts, and subsidiaries.
One of the chief jobs as a bookkeeper is to keep a general ledger which will record the amounts of sales and purchases, and this could technically be anything from a few sheets of paper to the use of specialist software such as Quickbooks. Every sale and purchase has to be recorded in the ledger.
If you are a self-employed bookkeeper, you can probably earn more than you could in a salaried position. Many small businesses need the services of a bookkeeper but do not have sufficient work to justify taking somebody on full time. So, using the services of a self-employed person makes a lot of sense. As a bookkeeper, you may need to go into your client’s office once a month in order to reconcile the books.
Payroll Is A Major Headache For Many SMEs
But there are also other services that a bookkeeper can provide to clients, one of which is payroll. Payroll is a major headache for many SMEs because of all the different complexities that can become involved. A business can have two employees doing exactly the same job and yet they get paid different rates. This can be because of benefits that one receives which the other does not, for instance.
Payroll can also vary because a business might employ salespeople who earn commissions, so their pay will be different every month. Other employees may, or may not, do overtime. Still others may work part-time with different hours each week. So, payroll gets more and more time-consuming. By offering payroll services to your clients as a bookkeeper, this means that they get rid of the problem because you take it over.
But then you have the headache yourself. However, you can get rid of that as well by using the payroll services for bookkeepers in London that we provide at PayCheck. Payroll is what we do, and as such we have sophisticated systems in place which mean that we can handle payroll for businesses of any size. In fact, we provide our payroll services to over 1,500 clients, producing 50,000+ pay cheques a month.
Using our payroll services for bookkeepers in London means that your clients will be delighted that you have taken the job on, and only too happy to pay you your fees. Then you can let us handle the payroll for each of your clients which means that we take care of the work, and you make an additional profit every month for doing nothing more than handing the payroll over to us. It’s a win-win-win situation. Everybody is happy!