What exactly does a bookkeeper do?

1- A bookkeeper’s main role revolves around maintaining accurate financial records for businesses. They meticulously record all financial transactions, including purchases, sales, and expenses, ensuring everything balances correctly. Beyond data entry, they analyze financial data to identify trends, patterns, and areas for improvement.

2- Reconciling accounts is a key part of a bookkeeper’s job. They match transactions with bank statements to verify accuracy.

3- Generating financial statements, such as balance sheets and income statements, is another crucial task. These statements provide insights into a company’s financial health.

4- They also handle payroll processing, ensuring employees are paid accurately and on time.

5- Additionally, they liaise with accountants and auditors during tax season or audits, providing them with the necessary documentation and support.

Ultimately, a bookkeeper’s goal is to maintain financial clarity and compliance, allowing businesses to make informed decisions and thrive.