commit 96d0bb2ef492ee5f1f724f66693eb3bda21429fa Author: tilly11s677806 Date: Mon Feb 10 22:47:48 2025 +0000 Add 'What is a Bookkeeper?' diff --git a/What-is-a-Bookkeeper%3F.md b/What-is-a-Bookkeeper%3F.md new file mode 100644 index 0000000..fce8d0c --- /dev/null +++ b/What-is-a-Bookkeeper%3F.md @@ -0,0 +1,27 @@ +
A Bookkeeper is responsible for recording and [maintaining](https://pakkjobs.live) a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, which are used to produce the balance sheet and income statement.
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The bookkeeper is generally responsible for overseeing the first six steps of the Accounting Cycle, while the last two are typically taken care of by an accountant. While there is a general overlap between the two professions, there are a few distinctions that are later discussed in this article.
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What Does a Bookkeeper Do?
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Being consistent, accurate, and minimizing errors are key characteristics that employers are seeking for this position. It is indispensable to have a knowledge of accounting and to understand how to use [accounting software](https://suliverzum.hu) systems.
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In larger businesses, a bookkeeper is responsible for overseeing and reconciling hundreds of financial transactions. This is typically done with the assistance of various software systems, and for this reason, technology literacy is [incredibly valuable](http://spherenetworking.com) for the profession. A few other relevant skills and job duties would include the following:
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[Relevant Skills](https://jobsekerz.com) and Knowledge
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Basic accounting knowledge +- Understanding accounting best practices +- Knowledge of IFRS, U.S GAAP, or another accounting framework +- Data entry skills +- High [attention](https://www.isinbizden.net) to detail +Proficiency in Microsoft Excel +- Produce work with a high level of accuracy +- Professionalism and organization skills +- Associate degree or at least one year of experience +- Knowledge of XERO, Quickbooks, Zoho, Fresh Books, or other applications
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Job Duties and Responsibilities
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- Maintain an accurate record of financial transactions +- Update and maintain the general ledger +- Reconciliation of entries into the accounting system +Recording of debits and credits +- Maintain the trial balance, by a reconciliation of general ledgers +- Account [reconciliation](https://bcde.ru) to assert the accuracy of transactions +- Use knowledge of local laws to comply with reporting requirements +- Monitor any variances from the projected budget
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Bookkeeper Salary Range
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A bookkeeper can expect to earn a salary in the range of $30,000-$60,000 a year in the US. However, compensation will widely vary depending on the employer, location, and candidate experience. Bigger companies tend to offer better compensation for bookkeepers \ No newline at end of file