By keeping up-to-date records on accounts payable and receivable, payroll, and daily financial entries and reconciliations, bookkeepers supervise a company’s financial data and compliance. They carry out daily accounting responsibilities such as recording payments and adjustments, general ledger entries, and monthly financial reporting. They are crucial to the financial health of a firm since many bookkeepers also help with routine HR tasks including new hire paperwork, compliance, and workers’ compensation and benefits fillings.
Key Responsibilities:
- Maintains records of any financial transactions by posting and ensuring legal requirements are in compliance
- Creates a system to record financial transactions, and keeps a chart of accounts outlining the policies and SOPs.
- Verifies assigns, and posts transactions to maintain subsidiary accounts
- Reconciles entries in subsidiary accounts to balance them
- Keeps historical records by filing documents for future references
- Creates financial reports by gathering, examining, and distilling account data and trend information.
- Complies with federal, state and local legal obligations by carefully studying and making sure the business is adhering to it.