diff --git a/What-is-a-Bookkeeper%3F.md b/What-is-a-Bookkeeper%3F.md new file mode 100644 index 0000000..9720724 --- /dev/null +++ b/What-is-a-Bookkeeper%3F.md @@ -0,0 +1,27 @@ +
A Bookkeeper is responsible for [menwiki.men](https://menwiki.men/wiki/User:Nigel6923304215) recording and maintaining 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, [disgaeawiki.info](https://disgaeawiki.info/index.php/User:NewtonY9282) 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 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, [wiki.team-glisto.com](https://wiki.team-glisto.com/index.php?title=Benutzer:PennySepulveda) and for this reason, technology literacy is incredibly valuable for the profession. A few other relevant skills and [job](https://www.celest-interim.fr) duties would include the following:
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Relevant Skills 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 to detail +Proficiency in Microsoft Excel +- Produce work with a high level of accuracy +- Professionalism and organization skills +[- Associate](https://hitechjobs.me) degree or [clashofcryptos.trade](https://clashofcryptos.trade/wiki/User:CarissaD10) at least one year of [experience](https://work.spaces.one) +- Knowledge of XERO, Quickbooks, Zoho, Fresh Books, or other applications
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[Job](https://www.ayurjobs.net) 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 [androidapplications.store](https://androidapplications.store/user/MargretMunro782/) credits +- Maintain the trial balance, by a reconciliation of general [ledgers](https://job.bzconsultant.in) +- Account reconciliation 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](https://rabota.newrba.ru) to offer better compensation for bookkeepers \ No newline at end of file