Keeping the books is just one of the tasks modern bookkeepers might handle. Depending on the business they work with, their duties can be quite diverse.
Responsibilities of a bookkeeper
Bookkeepers are responsible for providing accurate, up-to-date financial information about a business. They’re always taking the pulse of a business.
Most often, their reports go to business owners and managers to help them make decisions. Some bookkeepers, however, are actually involved in strategy development.
Bookkeepers may also share some jobs with accountants, such as the preparation of annual financial reports and tax returns.
The two foundational tasks in small business bookkeeping are data entry and bank reconciliation. Without these, all other bookkeeping tasks fall over. Let’s walk through the core duties, common additional duties, and advanced bookkeeping.
Recording financial transactions and balancing the books. Learn more.
Cross-referencing the books against bank statements and other source documents to confirm accuracy. Learn more.
Summarising the business’s financial position. Learn more.