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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

accounting sector

Full Charge Bookkeeper

Introduction
Skills Ability
job description
Job Roles & Responsibilities
kra & kpi
KRA & KPI Mapped
Best college in India​
Best colleges in mumbai
job opportunities
salary in India
Conclusion
Explore job opportunities

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Introduction

A full-charge bookkeeper performs accounting and bookkeeping an organization, typically small or medium-sized businesses where they have to manage all of the business’s accounting needs, Besides the typical task of maintaining the business ledger, these bookkeepers prepare financial statements and tax returns, record complex transactions and process timesheets and payroll. 

Do You Want to be a Full Charge Bookkeeper? To build a career as a Full Charge Bookkeeper you need to first understand the Job profile and responsibilities of the job

This blog gives you a detailed idea of what it is like to become a Full Charge Bookkeeper in the Accounting and Finance Industry of India.

Soft Skill, Technical Skills and Certification:

Bookkeepers use accounting skills to record financial data, prepare reports and maintain financial records. Employers often hire bookkeepers with accounting skills, but office managers often need to understand accounting processes to ensure the company’s records are accurate and complete.

Bookkeepers often communicate with clients and other professionals in the business world. Effective communication skills can help you convey information clearly and answer questions. You can also use communication skills to resolve conflicts and build relationships with others.

Organization skills are critical skills for bookkeepers and office managers. These professionals often have many tasks to complete each day and keeping track of their work and staying organized can help them complete their work efficiently.

Bookkeepers can use their leadership skills to motivate and inspire their teams. Effective leaders are able to motivate their teams to work harder and achieve their goals. As an office manager, you can use your leadership skills to motivate your team to complete their daily tasks and help them develop their skills.

Job description

Full-charge bookkeepers are professionals who oversee all aspects of the bookkeeping process and commonly work with accountants and auditors to ensure that financial records are accurate, complete, and compliant with relevant regulations. Full-charge bookkeepers may also be tasked with developing systems procedures to improve efficiency or accuracy. The Full charge Bookkeeper also has to create automated reports or databases to make it easier to track transactions or generate reports in the future.

Job Roles and Responsibilities

Key Result Areas(KRA)
Key Performance Indicator(KPI)

  • Recording without errors: they have to Recording day-to-day financial transactions and complete the posting process
  • Verifying transactions: They also have to Verify that transactions are recorded in the correct day book, suppliers ledger, customer ledger, and general ledger

Example of KRA VS KPI Mapped in Organisation and Reporting

  • Close bookkeeping cycle timely: Stick to a schedule when it comes to closing your books. Any delays or inconsistencies can cause errors and inaccuracies.
  • Prepare financial statements: they are required to make an Income Statement, Balance Sheet, and Cash Flow Statement.
  • Analyze financial statements: Now it’s time to review your financials. But you can only do this if you close the bookkeeping cycle on a timely basis and generate financial statements.

Requirements

Eligibility 

 

After 10th

After 12th

Graduation

Post-Graduation

The candidate must have appeared in 10 from any recognized educational board.

The Candidate then has to appear for the HSC exam from a recognized board

Interested candidates can undertake a bachelors degree,  which is a 3-year degree program

The candidates can also pursue a master’s degree so that they can have better career opportunities. 

The candidate should try to gain at least a minimum of 50-60% marks to be eligible to enter the Commerce stream 

Most Full Charge Bookkeeper appear in the commerce stream.

  • Bachelor of Commerce (B Com)
  • Bachelor of Business Administration in Finance 
  • accounting (BBA)
  • Bachelor of Accounting and Finance (BAF)

These are some of the better options for a bachelor’s degree

They can pursue a Master’s Degree such as a Master of Commerce (M. Com) or MBA in Accounting or Finance, which can be up to 2 years

 

The candidate should try to gain at least a minimum of 50-60% marks. Then, only they will become eligible for the bachelor’s course

After Graduation, the student can either search for a Job or go for a Master’s Degree

The Candidate must have at least 1 to 2 years of Experience in the sector at a starting position to get a high paying and good position in a reputed organization. 

Best Colleges in India

Colleges

Location

Indian Institute of Management,

Bengaluru

Indian Institute of Management,

Kozhikode

National Institute of Securities Markets,

Navi Mumbai

MICA

Ahmdabadh

Indian School of Business,

Hyderabad

 

Best Colleges in Mumbai

Colleges

Location

Narsee Monjee College of Commerce & Economics, 

Mumbai

K J Somaiya College of Arts and Commerce

Mumbai

Kishinchand Chellaram College

Mumbai

Career Path

Career

Description 

Finance Manager:

Finance Managers oversee the financial operations of an organization. They advise on investment plans, monitor the company’s finances, and produce financial reports. They work closely with management to develop and implement strategies and plans to achieve the company’s long-term objectives.

Billing Specialist:

The billing specialist oversees the tasks of sending invoices to clients and monitoring outstanding balances to ensure each account is paid on time and in full. They help our organization keep track of how much money is owed and by whom, often managing numerous client accounts at once

Accountant:

An Accountant helps businesses make critical financial decisions by collecting, tracking, and correcting the company’s finances. They are responsible for financial audits, reconciling bank statements, and ensuring financial records are accurate throughout the year

Payroll Specialist:

A payroll specialist is required to process the salary and payment and manage the budget of the company as well as excuses. 

Credit Manager:

Credit managers are responsible for overseeing the credit granting process for a company. Their job is to optimize company sales and reduce bad debt losses by maintaining the credit policy. 

Accounting consultant:

Rather than managing day-to-day transactions, as bookkeepers do, their core responsibilities are to analyze financial documentation, provide recommendations on how to improve profitability, forecast future expenditures and revenues, and ensure that financial regulations occur

Chief financial officer:

A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of their company. They are often in charge of tracking cash flow, analyzing strengths and weaknesses in the company’s finances and overseeing all aspects of its financial success

 

Salary

full charge bookkeeper  Salary in India ranges between ₹ 1.8 Lakhs to ₹ 10.9 Lakhs with an average annual salary of ₹ 3.5 Lakhs, however, The Amount may vary through different factors like cities, experience workflow, and workload.

Conclusion

With Experience in accounting and bookkeeping one can build a successful career as a Full Charge Bookkeeper. Usually, they start as an intern or in a junior post and have to work to the level of being a senior Full Charge Bookkeeper. They must also be familiar with the latest tax laws and regulations and other soft skills.

To get a Detailed Overview of the Accounting Sector, Click Here. 

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