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Business & Finance accounting & finance

Bookkeeping

$7/hr Starting at $30

  1. Recording Transactions: Bookkeepers are responsible for recording all financial transactions of a business, including sales, purchases, expenses, and payments. They use accounting software or manual ledgers to maintain these records.

  2. Maintaining General Ledger: The general ledger is a comprehensive record that includes all accounts used by the company. Bookkeepers update and maintain the general ledger to provide an overview of the organization's financial position.

  3. Reconciling Accounts: Bookkeepers reconcile bank statements with the company's records to ensure that all transactions are accounted for and that there are no discrepancies. This helps identify errors or fraudulent activities.

  4. Generating Financial Reports: Bookkeepers often generate financial reports, such as income statements and balance sheets, to provide insights into the financial health of the business. These reports are essential for decision-making by management and external stakeholders.

  5. Accounts Payable and Receivable: Bookkeepers manage accounts payable, ensuring that bills and invoices are paid on time. They also handle accounts receivable, tracking payments from customers and clients.

  6. Payroll Processing: In some cases, bookkeepers may be responsible for processing payroll. This includes calculating wages, deductions, and taxes, and ensuring that employees are paid accurately and on time.

  7. Maintaining Financial Records for Audits: Bookkeepers prepare and organize financial records for external audits. This involves ensuring that all financial transactions are properly documented and that the books are in compliance with accounting standards.

  8. Compliance with Tax Regulations: Bookkeepers assist in preparing and filing tax returns by maintaining accurate financial records and ensuring compliance with relevant tax regulations.

  9. Communication with Other Departments: Bookkeepers often work closely with other departments, such as the finance department or management, to provide financial information and support decision-making.

About

$7/hr Ongoing

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  1. Recording Transactions: Bookkeepers are responsible for recording all financial transactions of a business, including sales, purchases, expenses, and payments. They use accounting software or manual ledgers to maintain these records.

  2. Maintaining General Ledger: The general ledger is a comprehensive record that includes all accounts used by the company. Bookkeepers update and maintain the general ledger to provide an overview of the organization's financial position.

  3. Reconciling Accounts: Bookkeepers reconcile bank statements with the company's records to ensure that all transactions are accounted for and that there are no discrepancies. This helps identify errors or fraudulent activities.

  4. Generating Financial Reports: Bookkeepers often generate financial reports, such as income statements and balance sheets, to provide insights into the financial health of the business. These reports are essential for decision-making by management and external stakeholders.

  5. Accounts Payable and Receivable: Bookkeepers manage accounts payable, ensuring that bills and invoices are paid on time. They also handle accounts receivable, tracking payments from customers and clients.

  6. Payroll Processing: In some cases, bookkeepers may be responsible for processing payroll. This includes calculating wages, deductions, and taxes, and ensuring that employees are paid accurately and on time.

  7. Maintaining Financial Records for Audits: Bookkeepers prepare and organize financial records for external audits. This involves ensuring that all financial transactions are properly documented and that the books are in compliance with accounting standards.

  8. Compliance with Tax Regulations: Bookkeepers assist in preparing and filing tax returns by maintaining accurate financial records and ensuring compliance with relevant tax regulations.

  9. Communication with Other Departments: Bookkeepers often work closely with other departments, such as the finance department or management, to provide financial information and support decision-making.

Skills & Expertise

AccountingBookkeepingCost AccountingFeasibility StudiesFinancial AnalysisFinancial AuditsFinancial PlanningFinancial ServicesPayroll

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