Bookkeeping Defined

BOOKKEEPER


BOOKKEEPER is the person who is in-charge in keeping financial records that track the company's record on expenditures, profit and loss, cash flow and other financial activities. You can find the bookkeeper in the accounting department of the company. He or she employs database and spreadsheet computer programs to do their record keeping. Small firms have only one bookkeeper which is also known as full-charge bookkeeper. General bookkeepers verify and enter into ledgers the details of their firm's financial transactions. They then summarize these details into the general ledgers. A general bookkeeper balances the books if it is balance you can see and tell easily if the firm earned a profit or suffered a loss, the in and out of cash, what the firm's had received and what had been spent out, the assets and liabilities of the firm. The general bookkeepers also prepare the payrolls, tax reports and the customers' monthly invoice statements. Large companies breaks down the responsibilities into a specialized areas, each area is being handled by one or more bookkeeping clerks or accounting clerks, they are supervised by a head bookkeeper, accounts receivables clerks are responsible for the ledgers that records the firm's sales of goods and services, while the accounts payable clerks are responsible for the ledgers that recodes the firm's purchases or goods and services. Auditing clerks check records posted by other workers to make sure that they are correct. Many employers prefer to hire and train their bookkeepers, an aptitude for mathematics and the ability to concentrate on details are basic requirements, and for those who has a business education beyond high school or continue on learning more about bookkeeping has greater chance on advancement in this field.