Although most of us must not be aware of, it an obligation for every business to maintain registers or as commonly referred to as books. Which is why the global business sector has always had the necessity to employ qualified bookkeepers. Conventionally, bookkeeping and payroll jobs have been considered achievable as almost all business owners and management requires a reliable and effective bookkeeping system. This paves way to more opportunities and open positions to deal with the information that these businesses generate each day. Let us now discover and learn about bookkeeping and payroll courses in Dublin, Ireland to understand what such degrees entail.
What Is Bookkeeping And Payroll?
Bookkeeping refers to the process of keeping business financial records and performing basic and essential accounting tasks. This typically involves the following stages:
- Setting up digital bookkeeping for your clients;
- Creating a company file;
- Navigating bookkeeping software;
- Creating a chart of accounts;
- Adding the accounts required for the charting of accounts;
- Setting up separate domains for customers, vendors and products;
- Creating and sending invoices and sales receipts;
- Entering and paying bills;
- Tracking expenses and income;
- Connecting to banks holding the company’s account.
Payroll basically refers to the process of handling the wages of the employees of a company. The steps involved in this procedure include:
- Gathering employee time information for a selected time frame;
- Managing benefits and deductions;
- Distributing employee pay for that time span.
Perks Of Studying A Diploma In Bookkeeping And Payroll Course
The Diploma in Bookkeeping and Payroll programme is designed for students, business owners and management teams who want to learn how to run a successful bookkeeping system. Through this programme, students will learn the fundamental rules of double-entry bookkeeping and its application to produce the balance sheet and the profit and loss account.
This comprehensive programme will greatly enhance your accounting qualifications, enabling you to secure a lucrative job position in the accounting and finance industry. You may also choose to study further in bookkeeping and payroll management or to progress in a different field of career. Some of the common career opportunities that students might want to take up include:
- Account Assistant (average annual salary of £19,474 per annum);
- Bookkeeper (average annual salary of £21,807 per annum);
- Office Administrator (average annual salary of £18,172 per annum);
- Office Manager (average annual salary of £25,018 per annum).
If you are curious to learn how to create a reliable system for bookkeeping in an organisation, then pursuing a Diploma in Bookkeeping and Payroll might be a good option for you. It will help you acquire the ability to enhance your existing accounting and bookkeeping skills, which you can demonstrate in the workplace, opening doors for career development opportunities.