An bookkeeper is a person responsible for keeping track of a company’s financial transactions and maintaining its accounts. Bookkeeping is an essential part of the company’s financial management and includes a number of tasks, such as:
- Recording of transactions: This includes bookkeeping of income, expenses, accounts and bank transactions.
- Issuing invoices and bills: The bookkeeper is responsible for issuing and sending invoices and bills to customers.
- Processing payments: The bookkeeper is responsible for processing payments from customers and register them in the accounts.
- Payment of wages: The accountant may be responsible for paying wages to the employees and recording it in the accounts.
- Follow-up on accounts: The bookeeper keeps track of the accounts for the company and ensures that they are up-to-date and correct.
- Preparation of annual accounts: The bookkeepper is responsible for collecting and analyzing data from the accounts in order to prepare annual accounts for the company.
- Responsible for ensuring that the company’s accounts are correct and meet legal requirements.
A bookkeeper can be employed by the company or be an external consultant who helps the company keep track of their finances. It is important to have a person or a company that has the necessary knowledge and experience in bookkeeping and accounting to ensure correct and efficient handling of the company’s finances.
Is it a requirement to have a bookkeeper?
It is not a requirement to have a bookkeeper, but it can be a really good idea, as they are trained in accounting and finance and will therefore very rarely overlook anything. In addition, there are a lot of other things to look after as an entrepreneur, so leaving the company’s finances and accounts to someone else can be a good idea.
Apply for a loan or investor
It can also be a good idea to have a bookkeeper employed if you plan to apply for loans or investors, as these will often require correct and up-to-date accounts to assess the company’s financial situation.
Price of a bookkeeper
The price may vary depending on several factors:
- The type of business: The price may vary depending on the company’s size, industry, and the complexity of accounting tasks.
- The number of transactions: The price may also vary depending on the number of transactions to be booked and processed.
- Services included: The price may vary depending on whether the bookkeeper only has to take care of bookkeeping or must also advise on tax regulations and other accounting requirements.
- External or internal bookkeeper: The price may also vary depending on whether the bookkeeper is employed internally or externally. An external bookkeeper can have higher hourly rates, but can also have more experience and specialized skills.
An average hourly price for an external bookkeeper in Denmark can vary between DKK 400-800 per hour, but it may be higher or lower depending on the factors above. It’s also important to note that some bookkeepers offer fixed or subscription-based pricing, rather than being paid per month.
