A good bookeeper is more than…

what is a bookkeeper www.relianceoutsourcing.com

A good bookkeeper is more than a data entry clerk.

A bookkeeper’s role digs in far deeper than posting invoices and receiving cash payments.

Full-charge bookkeepers are the day-to-day eyes that see into the status of a business’s financial accounts.

The bookkeeper is primarily responsible for creating financial transactions and financial reports, and in most cases this is done through accounting software.

These financial transactions consist of (but are not limited to):

  • accounts payable – receive debts (vendor invoices, bills), pay debts timely
  • accounts receivable – accept and post customer payments – produce invoices and monthly statements – perform collections on past due accounts
  • payroll
  • issue financial statements – provide reports to management or business owners – prepare financial statements for external certified accountant or tax accountant
  • maintain chart of accounts
  • reconcile all accounts monthly – bank statements and internal accounts
  • collection and payment of sales tax
  • report significant cash or reconciliation issues to management
  • manage debt and income levels
  • assemble reports for external auditors for annual or periodic audits

A bookkeeper should possess no less than an associate’s degrees or equivalent business experience, as well as knowledge of bookkeeping and generally accepted accounting procedures.

Bind all of these responsibilities up with a keen attention to detail and accuracy, and you will paint a picture of A GREAT BOOKKEEPER.