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What Is the Role Of a Bookkeeper

It’s a common term that you’ve probably heard countless times before, but what is bookkeeping, really? Basically, bookkeeping is the part of accounting that’s concerned with the collection and organization of financial documents. Bookkeeping means gathering, organizing, and filing every bit of data related to your company’s finances. What sort of documents does bookkeeping cover? A bookkeeper is in charge of compiling:

  • Invoices
  • Receipts
  • Payroll records
  • Bill statements
  • Bank and credit card statements
  • Tax forms and returns

While accounting encompasses these data-gathering duties, this field also tends to involve analyzing the numbers and making profit and loss projections. However, bookkeeping as a term doesn’t necessarily include such long-term calculations and analyses. That said, good bookkeeping ensures that you have the numbers and data that you need to help your accountant make predictions about your business’ future, and diagnose your business’ financial health.

Source: thttp://intuit.quickbooks.com



Automatic or online bookkeeping, on the other hand, uses software that takes care of most of the calculations and data entry for you. A program like Quickbooks cloud accounting software, for example, can help you track income and expenses much faster than you could with a traditional ledger. We can train you!  Reach out for help.  Find out more about our advisory services.

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 Ideally, you also want to find a bookkeeper or accounting firm that has experience in your industry.  When in doubt, don’t be afraid to talk to other business owners and find out how they hired a bookkeeper and what bookkeeping methods they prefer to use. 

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IT Tax and Business Solutions

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