Bookkeepers Do

What Do Bookkeepers Do? A Guide for Business Owners

Every business, whether it’s a startup, a tradie, an e-commerce brand, or a growing consultancy, needs to know exactly where its money is going. That’s where bookkeepers come in.

A bookkeeper is more than just someone who “does the numbers.” They are financial organisers, compliance allies, and time-saving heroes for small and medium businesses. In this guide, we’ll break down what bookkeepers do, how they support your business, and why hiring a virtual or freelance bookkeeper through WorkMate Pro is one of the smartest financial decisions you can make.


🧾 What Is a Bookkeeper?

A bookkeeper is a financial professional responsible for recording, organising, and maintaining a business’s day-to-day financial transactions. While they are not accountants (who often focus on tax advice and financial strategy), bookkeepers play a foundational role in keeping your business financially healthy, organised, and compliant.

Think of a bookkeeper as your financial housekeeper — making sure every receipt, invoice, and transaction is tracked and tidy.


💼 Key Responsibilities of a Bookkeeper

Bookkeeping tasks can vary based on the business size and sector, but generally include the following:


✅ 1. Recording Financial Transactions

  • Logging purchases, sales, receipts, and payments

  • Categorising transactions accurately into the general ledger

  • Using accounting software like Xero, MYOB, or QuickBooks


✅ 2. Bank Reconciliation

  • Matching transactions in your bank statements to your internal records

  • Identifying and resolving any inconsistencies

  • Ensuring your financial data is accurate and up to date


✅ 3. Invoicing and Accounts Receivable

  • Creating and sending invoices to clients

  • Monitoring overdue payments and sending reminders

  • Keeping track of incoming cash flow


✅ 4. Accounts Payable

  • Entering and managing bills from suppliers

  • Scheduling payments to avoid late fees

  • Managing recurring subscriptions or payment schedules


✅ 5. Payroll Support

  • Processing employee pays

  • Calculating superannuation and leave entitlements

  • Ensuring STP (Single Touch Payroll) compliance in Australia


✅ 6. BAS & GST Preparation

  • Preparing data for Business Activity Statements

  • Calculating and reporting GST (Goods and Services Tax)

  • Ensuring ATO compliance (note: actual lodgement is often done by a BAS agent or accountant)


✅ 7. Financial Reporting

  • Generating profit & loss statements, balance sheets, and cash flow reports

  • Helping business owners understand where the money’s going

  • Highlighting areas for improvement in spending or billing


🔍 What’s the Difference Between a Bookkeeper and an Accountant?

Function Bookkeeper Accountant
Main Focus Day-to-day financial transactions Tax strategy, reporting, forecasting
Tools Used Xero, QuickBooks, MYOB Same tools + tax-specific software
Compliance Role Keeps data accurate and audit-ready Lodges tax returns and advises on structure
Frequency of Work Weekly or daily Monthly, quarterly, or annually

Most businesses benefit from using both: a bookkeeper for daily support and an accountant for tax season and strategic guidance.


🧠 Why Bookkeeping Matters for Your Business

📈 1. Better Financial Visibility

With up-to-date records, you know exactly how much you’re making, spending, and owing — crucial for planning and growth.

⏰ 2. Saves You Time

Stop spending nights sorting receipts or updating spreadsheets. A bookkeeper handles it for you, so you can focus on operations or sales.

💰 3. Improves Cash Flow

Good bookkeepers help track unpaid invoices, optimise payment cycles, and ensure you don’t run short unexpectedly.

🧾 4. Stay ATO Compliant

Inaccurate or late BAS submissions can result in penalties. A bookkeeper ensures your records are ATO-ready.

📊 5. Prepares You for Growth

Clean books make it easier to apply for loans, attract investors, or expand confidently.


💰 How Much Does It Cost to Hire a Bookkeeper?

Costs depend on experience, services needed, and whether you hire locally or offshore.

Type Hourly Rate (AUD) Common Engagement Model
Junior Bookkeeper (offshore) $15 – $30/hr Simple data entry, invoice processing
Mid-Level (local AU-based) $45 – $70/hr Bank recs, BAS prep, payroll
Senior/Certified Bookkeeper $80 – $100+/hr High-volume or complex businesses

Many businesses hire bookkeepers on a retainer or package model, such as:

  • $500/month for weekly reconciliation and monthly reports

  • $800/month for full-service bookkeeping including payroll

WorkMate Pro helps you find flexible options — from hourly freelancers to ongoing part-time support — without the overhead of a full-time hire.


Filipino Professionals Bookkeepers Do

🌏 Why Hire a Bookkeeper Through WorkMate Pro?

Unlike general freelancing platforms, WorkMate Pro connects you with experienced, pre-vetted virtual assistants and bookkeepers who:

  • Understand Australian business and tax systems

  • Have experience using Xero, MYOB, QuickBooks, and more

  • Are available on a flexible basis (hourly, project, monthly)

  • Can work remotely and securely to manage your books with confidence

  • Come with task tracking, time logging, and communication tools built in

Whether you need someone for 5 hours a week or a full day’s support, we’ll match you with the right bookkeeper for your needs.


🛠️ What Software Do Bookkeepers Use?

Most modern bookkeepers work entirely online using cloud-based tools:

Category Popular Tools
Accounting Xero, MYOB, QuickBooks
Invoicing Invoice2go, Zoho Books, FreshBooks
Time Tracking Clockify, Harvest, Toggl
Project Mgmt Trello, Asana, ClickUp
File Sharing Google Drive, Dropbox, OneDrive
Communication Slack, Zoom, Microsoft Teams

🧩 Real-World Examples

💡 Startup Founder Struggling with BAS

A Sydney-based tech startup had recurring issues with late BAS lodgement and missing receipts. Through WorkMate Pro, they hired a virtual bookkeeper who reconciled 6 months of data, set up a better filing system, and automated recurring invoices.

Result: On-time BAS, lower stress, and more accurate forecasting.


🛒 E-commerce Store Needing Weekly Support

An online fashion retailer needed someone to track weekly sales, reconcile Shopify payments, and prepare simple reports. They hired a remote bookkeeper for 10 hours/month.

Result: Financial clarity, fewer errors, and better stock management.


🔧 Tradie Business Getting Behind on Admin

A Melbourne-based plumbing business used to rely on the owner’s partner for admin help. They switched to a part-time WorkMate Pro bookkeeper to manage Xero, payroll, and invoice reminders.

Result: Smoother cash flow, less family stress, and better ATO compliance.


📥 How to Hire a Bookkeeper with WorkMate Pro

Step 1: Post Your Requirements

Tell us what you need — weekly reconciliation? Payroll? BAS support?

Step 2: Get Matched

We’ll shortlist vetted bookkeepers (local or offshore) based on your business type and tools.

Step 3: Interview and Hire

Chat directly with candidates, then onboard quickly.

Step 4: Delegate and Grow

Enjoy accurate books, reliable support, and better business decisions.


🙋 FAQs

Q: Do I need a bookkeeper if I already have an accountant?

A: Yes. Bookkeepers handle daily and weekly tasks — accountants typically work monthly, quarterly, or annually.

Q: Is it safe to give a remote bookkeeper access to my data?

A: Yes — especially when using cloud-based tools with user permissions and two-factor authentication. NDAs and limited access are also common.

Q: What’s the difference between a virtual bookkeeper and an in-house one?

A: Virtual bookkeepers work remotely and often on a freelance basis, offering more flexibility and lower cost.

Q: Can I hire someone just for BAS preparation?

A: Absolutely. Many WorkMate Pro bookkeepers offer monthly or quarterly BAS services only.


🏁 Final Thoughts: Bookkeeping Is Business Critical

Bookkeeping isn’t just about ticking compliance boxes — it’s about having control over your business finances. Whether you’re bootstrapping a startup or growing a seven-figure business, a skilled bookkeeper keeps your financial engine running smoothly.

With WorkMate Pro, you get access to reliable, experienced bookkeepers without the hassle of hiring in-house. Focus on what you do best — and let us handle the numbers.

✨ Ready to hire a bookkeeper the smart way?
Visit www.workmatepro.com and post your bookkeeping brief today.

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