What does a Bookkeeper do?

Bookkeeping, in the traditional sense, has been around as long as there has been commerce – since around 2600 B.C. A bookkeeper’s job is to maintain complete records of all money that has come in and gone out of the business Situs Nonton Movie Sub Indo. Bookkeepers record daily transactions in a consistent, easy-to-read way, and their records enable the accountants to do their jobs.

These are some typical bookkeeping tasks:

  • Recording financial transactions
  • Posting debits and credits
  • Producing invoices
  • Managing payroll

Maintaining and balancing ledgers, accounts, and subsidiaries
One of the main duties of a bookkeeper is maintaining a general ledger, which is a document that records the amounts from sale and expense receipts. Ledgers can vary in complexity from a sheet of paper to specialized bookkeeping software, such as QuickBooks and Xero, to track their entries, debits, and credits. [Looking for accounting software? Check out our best picks.]

Each sale and purchase made by your business must be recorded in the ledger, and some items will need documentation. You can find more information on which transactions require supporting documents on the IRS website.

There are not any formal educational requirements to become a bookkeeper, but one must be knowledgeable about financial topics and terms and strive for accuracy. Generally, a bookkeeper’s work is overseen by an accountant or the small business owner. A bookkeeper, though, is not an accountant, nor should they be considered to be an accountant.

Key takeaway: Bookkeepers can record financial transactions, post debits and credits, create invoices, manage payroll, and maintain and balance the books.