Bookkeepers must ensure that financial records are up-to-date, organized, and accessible. This includes tasks like reconciling bank statements, monitoring accounts receivable and payable, and preparing financial reports.

Accurately recording all financial transactions that occur within a company, such as sales, purchases, payments, and receipts. This involves creating a system of accounts that reflects the company’s financial activity, and entering data into a ledger or accounting software.

Reconcile bank accounts and other financial accounts to ensure that the company’s records match those of the bank or other financial institution. This involves comparing bank statements to accounting records and identifying and resolving any discrepancies that may exist.

Bookkeepers are responsible for managing accounts payable (money the company owes to vendors and suppliers) and accounts receivable (money owed to the company by customers or clients). This involves processing invoices and payments, following up on past-due accounts, and reconciling accounts with vendors or customers.

Bookkeepers are responsible for generating financial reports, which may include income statements, balance sheets, and cash flow statements. These reports provide valuable information about a company’s financial performance and are used to make informed business decisions.

Bookkeepers are often responsible for managing payroll, which involves calculating wages and salaries, deducting taxes and other withholdings, and issuing paychecks or direct deposits. They may also be responsible for tracking employee time off, benefits, and other related expenses.

Provide detailed financial analysis and advice to company managers or owners. This can include creating budgets, analyzing financial statements, and recommending strategies for improving financial performance.