Bookkeeping

Bookkeeping is the maintenance of accurate day-to-day financial records for the benefit of the company as well as to help satisfy the reporting requirements of local and federal tax authorities. Accountants may then use the information kept by bookkeepers to produce financial reports.

Bookkeepers record financial transactions like the money earned from clients, customers, and investments as well as the money spent on operating expenses and capital improvements. They record this information into daybooks, journals, and ledgers. Bookkeepers may also prepare bank deposits, prepare invoices, and track overdue accounts. Depending on the size of the company, they may find themselves using a single-entry or double-entry bookkeeping system.

To work as a bookkeeper, you must be an accurate and meticulous record keeper and know how to use accounting software programs.

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