Bookkeeper Duties

Bookkeeper duties include recording daily financial transactions, maintaining ledgers, processing accounts payable and receivable, reconciling accounts, processing payroll, and preparing financial reports and tax forms. These tasks involve a company's primary financial record-keeping, ensuring accuracy and compliance while providing data for an accountant to analyze and interpret for strategic business decisions. 

Key Bookkeeper Duties & Responsibilities

• Financial Record-Keeping:

  • Recording Transactions: Logging all financial transactions, including sales, purchases, payments, and receipts, into accounting software. 

  • Maintaining Ledgers: Keeping financial ledgers, which serve as the foundation for financial statements. 

  • Data Entry: Entering data into accounting systems and ensuring it's accurate and complete. 

• Accounts Management:

  • Accounts Payable: Processing invoices, tracking vendor bills, and preparing payments. 

  • Accounts Receivable: Creating invoices for customers and tracking incoming payments. 

  • Bank & Account Reconciliation: Verifying that bank statements and other account balances match the company's financial records. 

• Payroll & Taxes:

  • Payroll Processing: Calculating and processing employee wages and related tax withholdings. 

  • Tax Compliance: Completing and filing tax forms, such as business activity statements or payroll taxes. 

• Reporting & Analysis:

  • Financial Reports: Compiling and generating basic financial reports, such as income statements and balance sheets. 

  • Identifying Discrepancies: Monitoring transactions and accounts to identify and resolve any inconsistencies or errors. 

  • Supporting Accountants: Providing accurate financial data and reports to accountants for analysis and interpretation. 

• Compliance:

  • Regulatory Adherence: Ensuring financial actions comply with relevant state and federal laws and accounting standards.