A typical day in the life of a Senior Bookkeeper

Senior Bookkeeper

A Senior Bookkeeper is responsible for keeping track of all the financial transactions that take place within an organization. They ensure that everything has a check and balance and adds up at the end of each day, month and year.

In a typical day, Senior bookkeepers may be tasked with other duties related to accounting and finance.  This may include preparation of reports on the company’s performance measured in various time intervals, and mostly identifying where costs can be reduced.

Senior Bookkeeper job duties

A senior bookkeeper typically has a wide range of responsibilities, which can include:

  • Reconciling bank statements and accounting records with internal controls
  • Reviewing financial data for accuracy and verifying that transactions have been recorded accurately
  • Reconciling accounts payable and ledgers and accounts receivable ledgers.
  • Calculating payroll deductions and filing required tax forms for compliance and SARS etc. Read here to see how to stay SARS compliant.
  • Preparing reports on financial performance for management purposes
  • Preparing monthly bills for services such as electricity, rentals, and creditors and suppliers in general.
  • Analyzing historical data to identify trends and how to improve business operations.
  • Monitoirng cash flow to ensure the business has a good cash flow to meet operational requirements.
  • Preparing payroll records.
  • Keeping abreast of new legislative and industry changes are important.

What is the difference between a Bookkeeper and a Senior Bookkeeper?

In a nutshell the Senior Bookkeeper plays a more analytical role within the organization as opposed to the Bookkeeper role.  Read here to see what a typical day holds for a Bookkeeper.

This involves Educational Qualifications and relevant work experience.

ICB offers qualifications at Bookkeeper level NQF3 but then also at Senior Bookkeeper level NQF4 – we also offer qualifications up to NQF6 Technical Financial Accountant and other streams in Business Management and Office Administration.

Download our full programme by clicking on the image below:

NQF Accredited Qualifications

ICB also offers a Recognition of Prior Learning (RPL) to allow someone with relevant work experience and/or incomplete studies to fast track themselves to a full qualification.  See everything you need to know on how to fast track to a full qualification here

And have a look at how RPL can work for you:

Inspiration:
https://www.salary.com/research/job-description/benchmark/bookkeeper-sr-job-description#:~:text=Requirements%20and%20Responsibilities-,Bookkeeper%2C%20Sr.,accounts%20receivable%2C%20and%20accounts%20payable.