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What Does a Bookkeeper Do?

Dec 16, 2021 11:00:00 AM Cheryl Coyle QuickBooks, Small Business, Nonprofit, Financial Management, Bookkeeping, Profitability, small business bookkeeping

What Does a Bookkeeper Do?

bookkeeper responsibilities: what does a bookkeeper doBookkeepers are an integral part of your financial process. They do the heavy lifting to keep your financial information up to date and correct.

Typical Responsibilities

Bookkeepers do more than ensure income and expenses are posted to the correct general ledger account. They also do all of the following:

 Prepare and post payroll journal entries
 Record and reconcile bank and credit card accounts
 Reconcile merchant accounts
 Ensure loan payments are recorded properly for principal and interest
 Maintain prepaid schedules
 Maintain depreciation schedules
 Prepare and send invoices
 Post vendor bills to be approved by appropriate individuals
 Receive and post customer payments
 Enter payroll correctly
 Prepare and post journal entries
 Track grants (for non-profits)
 Allocate restricted vs. non-restricted funds (for non-profits)
 Prepare 1099s
 Prepare and review reports for accuracy (Profit & Loss, Balance Sheet, Cash Flow)
 Prepare and monitor budgets

To be a bookkeeper, you must understand several aspects of accounting, have a strong sense of time management, and be organized. Often, bookkeepers take on advanced roles and perform work that is ordinarily viewed as that of a controller. For example, at BudgetEase, we generate custom reports such as Burn Rate, Cash Forecasts, and prepare business analytics.

If you are in need of a bookkeeper or controller, reach out to us at to see how we can make your financials (and QuickBooks) work for you.

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Cheryl Coyle

Written by Cheryl Coyle