Bookkeepers are an integral part of your financial process. They do the heaving 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 www.budgetease.biz to see how we can make your financials (and QuickBooks) work for you.
