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    What Does a Bookkeeper Do?

    [fa icon="clock-o"] Dec 16, 2021 11:00:00 AM [fa icon="user"] Cheryl Coyle [fa icon="folder-open'] QuickBooks, Small Business, Nonprofit, Financial Management, Bookkeeping, Profitability, small business bookkeeping

    bookkeeper responsibilitiesBookkeepers 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.

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    Cheryl Coyle

    Written by Cheryl Coyle

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