If you’re looking for a part-time career you can do from home, becoming a bookkeeper could be the perfect fit. Bookkeeping is one of the most in-demand jobs across all industries as more companies are moving toward remote work.
There are several roles a bookkeeper has and depending on the company you’re working with or the industry they’re in, they may carry out different jobs.
Read on to find out what do bookkeepers do and what are the qualifications for the job.
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What is a Bookkeeper?
Bookkeepers are responsible for maintaining financial records, including purchases, sales, receipts, and payments. They also reconcile bank statements and prepare reports for upper management.
Many bookkeepers also handle payroll and benefits administration. If you see this career to be right for you, get certified in 4 weeks and learn the roles of a bookkeeper.
The Roles of a Bookkeeper
The roles of a bookkeeper are very important. Without a bookkeeper, it would be difficult for a business to function properly.
Complete Data Entry
Data entry is just one aspect of a bookkeeper’s job, but it is an important one. To maintain accurate records, bookkeepers must be diligent in inputting all financial data into the system. Even a small mistake can have big consequences down the line, so it is important to be as detail-oriented as possible.
Collect Transactions
To maintain accurate and up-to-date financial records, bookkeepers must carefully collect transactions from various sources. This may include reviewing invoices and receipts, recording cash and check payments, and tracking credit card activity.
Reconcile Bank Statements
Additionally, bookkeepers must reconcile bank statements and resolve any discrepancies. By staying on top of all transactions, bookkeepers can ensure that financial reports are accurate and provide valuable insights into a company’s financial health.
Track Debits and Credits
A bookkeeper is responsible for keeping track of a company’s financial transactions. This includes recording, storing, and retrieving data.
A bookkeeper might also be responsible for preparing financial statements, reconciling accounts, and assisting in auditing. To do their job effectively, bookkeepers must be able to keep track of debits and credits.
Get Bills Paid
As a bookkeeper, it is your job to ensure that all bills are paid on time. You will need to keep track of what bills need to be paid and when they are due.
You will also need to keep track of any money that is owed to the company. If there are any discrepancies, you will need to resolve them.
Manage Payroll
Payroll is one of the most important responsibilities of a bookkeeper. They must keep track of employee hours, calculate wages, and prepare and process payroll checks.
Maintain and Monitor Financial Records
Maintaining financial records is one of the most important roles of a bookkeeper. Financial records provide insight into a company’s financial health and performance. Without accurate and up-to-date financial records, it would be difficult for a company to make sound financial decisions.
Understand What Do Bookkeepers Do
Now that you know what do bookkeepers do and what their responsibilities entail, you might be wondering if this is the right career path for you. If you’re good with numbers, detail-oriented, and organized, then bookkeeping could be a great fit for you.
Plus, with the demand for bookkeepers expected to grow over the next decade, it’s a career with good job security. If you’re interested in becoming a bookkeeper, the first step is to get some bookkeeper career training.
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