Bookkeeper | Job in County Durham

The Bookkeeper will be responsible for maintaining accurate financial records, preparing financial statements, and ensuring the overall financial health of our organization. The ideal candidate should have strong organizational skills, a keen eye for detail, and an in-depth understanding of bookkeeping principles.

• Record all financial transactions using accounting software or manual journals.

• Prepare financial statements such as balance sheets, income statements, and cash flow statements on a monthly basis.

• Perform bank reconciliations to ensure accurate records.

• Manage accounts payable and receivable processes.

• Ensure compliance with relevant laws and regulations.

• Maintain fixed asset registers and depreciation schedules.

• Prepare and submit financial reports to senior management.

• Work closely with the Accounting Manager and other team members to ensure accurate and timely financial reporting.

• Bachelor's degree in Accounting, Finance, or a related field.

• Proven experience as a Bookkeeper, preferably within a similar industry.

• Proficiency in using accounting software such as QuickBooks or Sage.

• Strong analytical and organizational skills.

• Excellent communication and interpersonal skills.

• Ability to work independently and manage multiple tasks simultaneously.

• Knowledge of applicable laws, regulations, and financial standards.

• Competitive salary package

• Comprehensive benefits package, including health, dental, and vision insurance

• A supportive and collaborative work environment

• Opportunities for professional development and growth

• Flexible working hours

If you are a detail-oriented individual with a passion for finance, we would love to hear from you. Apply today to join our team!

Candidate Requirements

We are seeking a proficient and detail-oriented Bookkeeper to join our team in the North East region. The successful candidate will be responsible for maintaining accurate financial records, ensuring that accounts are balanced and reconciled on a regular basis, and preparing necessary financial reports.

• Record daily financial transactions accurately and promptly.

• Prepare and post journal entries for various accounting categories.

• Reconcile bank statements with the general ledger accounts.

• Maintain an up-to-date chart of accounts.

• Prepare and submit financial reports to management in a timely manner.

• Assist in the preparation of annual budgets and forecasts.

• Ensure compliance with all relevant financial regulations and accounting standards.

• Collaborate with other departments to resolve any discrepancies or issues related to financial transactions.

• Prepare and file tax returns as required.

• Conduct periodic financial analysis to support decision-making processes.

• Proven experience as a Bookkeeper, Accounting Clerk, or similar role.

• Familiarity with generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).

• Proficiency in using accounting software packages, such as QuickBooks or Xero.

• Excellent analytical skills and strong attention to detail.

• Ability to work accurately under pressure and meet deadlines.

• Strong mathematical abilities with excellent problem-solving skills.

• Outstanding organizational, multitasking, and time management skills.

• Effective communication and interpersonal skills.

• A bachelor's degree in Accounting or a related field is preferred but not required (CPA or equivalent certification is a plus).

We value diversity at our company and encourage all qualified individuals to apply. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

To apply for this position, please submit your resume, cover letter, and any relevant work samples or references to our HR department. Applications will be reviewed on a rolling basis until the position is filled. We look forward to reviewing your application!

Routine Tasks

In this role as a Bookkeeper based in the North East, you will be responsible for maintaining accurate financial records and ensuring compliance with relevant regulations. Here's an outline of the routine tasks you can expect:

• Data Entry: Record daily transactions into the company accounting software (e.g., QuickBooks, Xero). This includes income, expenses, accounts receivable, and accounts payable.

• Bank Reconciliations: Regularly reconcile bank statements with the company's financial records to ensure accuracy and identify any discrepancies.

• Invoice Processing: Review invoices from suppliers and approve for payment. Ensure that all invoices are correctly coded, approved by relevant parties, and paid on time.

• Expense Report Review: Review expense reports submitted by employees for accuracy and compliance with company policy. Approve or deny these reports based on their validity.

• Petty Cash Management: Maintain the petty cash float, ensuring that it is regularly replenished and appropriately used for minor expenses.

• Payroll Processing: Prepare payroll for employees, ensuring accurate calculation of wages, deductions, and taxes. Submit these calculations to the appropriate payroll service or HR department.

• Accounts Receivable Management: Follow up on outstanding invoices, ensure timely payment, and communicate with clients as necessary regarding any issues or delays in payment.

• Accounts Payable Management: Review accounts payable, schedule payments to suppliers, and make the appropriate payments according to the agreed terms.

• Financial Reporting: Generate financial reports (e.g., income statements, balance sheets, cash flow statements) for review by management or other stakeholders. Identify any trends, issues, or opportunities for cost savings.

• General Ledger Maintenance: Maintain the general ledger, ensuring accurate coding of all transactions and proper classification of assets, liabilities, equity, revenues, and expenses.

• Payment of Taxes: Prepare and submit the company's tax payments (e.g., VAT, PAYE) in a timely manner to ensure compliance with relevant regulations.

• Preparation of Financial Statements: Assist in the preparation of annual financial statements for external audit or submission to higher management.

• Budgeting and Forecasting: Work closely with management to develop budgets for upcoming periods, using historical data and industry trends to inform these projections.

In this role, you will need strong attention to detail, excellent organizational skills, and a solid understanding of accounting principles and regulations. You should be comfortable working independently and collaboratively, as well as communicating effectively with various stakeholders within the company.

Job Obligations

*Job Obligations - Bookkeeper *

As a Bookkeeper in the North East region, your primary responsibilities will be:

• *Accounting and Bookkeeping:

• Maintain accurate financial records, including accounts payable and receivable, by posting journal entries, reconcile bank statements, and record transactions.

• *Financial Reporting:

• Prepare monthly, quarterly, and annual financial reports such as balance sheets, income statements, and cash flow statements for management use and external purposes.

• *Tax Compliance:

• Assist in the preparation of tax returns and ensure all relevant tax obligations are met, including sales tax, payroll tax, and corporate tax.

• *Payroll Administration:

• Manage the payroll process by calculating wages, preparing paychecks, maintaining records, and ensuring compliance with labor laws.

• *Budgeting and Forecasting:

• Assist in the creation of annual budgets, forecast future financial needs based on historical data and projected growth, and track variances to ensure budget adherence.

• *Internal Controls:

• Implement and maintain effective internal control systems designed to safeguard assets, prevent errors, and detect fraudulent activities.

• *Banking Relations:

• Manage banking relationships, including opening and closing bank accounts, issuing checks, and maintaining cash balances within the established budget.

• *Regulatory Compliance:

• Ensure compliance with all relevant local, state, and federal regulations pertaining to financial record-keeping and reporting.

• *Audit Preparation:

• Collaborate with external auditors during the annual audit process and provide them with necessary documentation and answers to any queries they may have.

• *Continuous Learning:

• Keep up-to-date with accounting standards, tax laws, and financial software by attending relevant training sessions, webinars, or workshops as required.

Company Background

As a responsible corporate entity, we prioritize the well-being of our employees, fostering a positive work environment that encourages growth and learning. We value diversity and inclusivity, believing that a diverse workforce is essential to driving innovation and creativity. Our strategic location in the North East provides us with access to a rich talent pool and a dynamic business landscape, enabling us to stay ahead of industry trends.

In our pursuit of financial stability and growth, we are seeking a talented Bookkeeper to join our Finance team. This role will be crucial in maintaining accurate financial records, ensuring compliance with financial regulations, and supporting the smooth running of our operations. If you are a detail-oriented professional with strong analytical skills and a solid understanding of accounting principles, we encourage you to apply for this exciting opportunity.