Bookkeeper Interview Questions and Answers
A bookkeeper is the profession of accounting in which a person is responsible primarily for maintaining the financial records of the company on a daily basis that includes maintaining the record of the sales, purchase, and other various financial transactions that take place in day to day operations of the business.
In this article, we provide the top 10 bookkeeper interview questions and answers for you.
Top 10 Bookkeeper Interview Questions and Answers
The following are the top 10 interview questions and answers related to the bookkeeper.
#1 – Why would you like to be a Bookkeeper?
Answer:
In the case of the job of the bookkeeper, a person deals with the numbers. I have a passion for the numbers by which crucial services can be provided to different businesses all over the world.
This profession of the bookkeeping enhances and enriches the foundation knowledge of the finance, thereby enabling in making informed decisions. Also, since every day, new challenges are offered for the bookkeeping professionals, it makes a career in bookkeeping as a rewarding career.
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#2 – What were your Responsibilities as a Bookkeeper?
Answer:
The following are the responsibilities as a bookkeeper:
- Passing various journal entries in the books of accounts for the company, including the data entry of the invoices.
- Reconcile bank statements with the books of accounts.
- Maintaining the records of the accounts payable, accounts receivable, use tax, payroll matters, and sales tax.
- Paying the bills to the various parties on a timely basis with the approval of the competent authority.
- Posting the ledgers of the company to trial balance.
- Preparation of the various financial statements of the company, such as income statement for the period, balance sheet, and cash flow statement.
#3 – What is your Experience as a Bookkeeper?
Answer:
As a bookkeeper, I performed the following services:
- I was responsible for managing the operations of the business occurring on the daily basis like recording the transactions involving purchase and sale of the various items, managing the accounts payable and receivable, reconciliation of the bank accounts with the books of accounts of the company, etc.
- Maintaining the records and filing of the use tax and sales tax return at the end of the period on the time basis to the concerned department.
- Posting the ledgers to trial balance along with the preparation of the various financial statements of the company.
#4 – Which Computer Skills should a Bookkeeper have?
Answer:
Many of the jobs of the bookkeeping require the performance of the technical duties and the knowledge of the different computer skills and techniques. Also, most of the companies prefer digital records over the physical, financial ledgers nowadays, so the bookkeepers should have familiarity with different accounting software and the office programs along with the knowledge of cloud-based software as many company are working on them.
#5 – Describe the Equation of the Balance Sheet?
Answer:
As per the equation of balance sheet, all the assets of the company as on the particular date should be equal to the sum of the liabilities which it owes as on the date to the third party and claim of the shareholders on the assets of the company, i.e., equity of the company. In mathematical form as on the particular date under consideration:
#6 – What have you learned to become a better Bookkeeper in Recent Times?
Answer:
In recent times, I have started pursuing the certification of the Certified Public Accountant with the American Institute as it will upgrade my knowledge and skills. Apart from this, a recently professional development plan was created by me where in order to grow professionally, I noted all the relevant points which are required for the development especially upgrading the skills like upgrading computer skills, etc.
#7 – What Bookkeeping Methods do you know?
Answer:
There are basically two types and methods of bookkeeping.
The first method is the single entry method of the bookkeeping, according to which one entry is recorded for each of the financial activities or for each of the financial transactions occurring in the organization. This single entry method of bookkeeping is one of the basic systems which might be used by the companies for recording its daily receipts. It also enables the company to generate a report of the cash flow position in the company on a daily or on a weekly basis that might be required by the management of the company for their informed decision-making process.
Another method of the system of bookkeeping is the double-entry system under which double-entry is recorded for each of the financial activities or for each of the financial transactions occurring in the organization. This method is a popular one and adopted in many organizations as it provides a check of the balances, and also it records corresponding credit or debit entry for each of the transactions.
#8 – How Do you Avoid Mistakes in your job as a Bookkeeper?
Answer:
There are chances of committing various types of mistakes in bookkeeping jobs. These mistakes are avoided by me in the job by keeping the backup of all the data as in the world of technology there are chances of potential loss to the data, by maintaining accurate and proper records of all the data on a timely basis with proper filing system as it saves time and money, by tracking the income as well as the expenses incorrect categories in order to ensure proper profitability measurement and avoid improper categorization of the expenses, by separating the person and business bank account and reconciling them timely and by classifying the employees and the contractors correctly, etc.
#9 – What’s the Hardest Part to be a Bookkeeper?
Answer:
It is required for the bookkeepers to consistently maintain the record of books, which requires time and effort. In case a person doesn’t have the proper time, then it will be very hard being a bookkeeper. Apart from this person should have sufficient knowledge of how it can deal with the numbers and properly classifying all the income and expenses of the company. If the categorization is not proper, then it could mislead the management in their analysis along with negative consequences in tax-related matters.
#10 – Why would you like to Quit your Current Job?
Answer:
I would like to quit my current job for my personal as well as professional growth. By working in such a big organization like yours, I would be able to gain more experience in different areas and enhance my knowledge and skills.
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