Skip to main content

What Does A Small Business Bookkeeper Really Do

By Ryan Burns


Not everyone is cut out for college. A lot of high school graduates decide to go to technical schools or take some courses at a community college. In small towns and rural areas especially there are good jobs available for those who decide they prefer a quieter life. If you're looking for a decent job in a rural community, and you enjoy working with numbers, you might consider becoming a small business bookkeeper.

Bookkeepers play critical roles in the structure of businesses that do not have the need for a full time accountant. Bookkeeping in these companies doesn't require an advanced degree. Duties vary depending on the business of the company and what size it is. Most companies retain accountants to take care of the annual tax returns. Beyond that it is the responsibility of bookkeepers to manage the finances of the company.

Bookkeepers handle accounts payable and accounts receivable. This means the employee is responsible to inputting invoices into the computer and issuing the corresponding checks to pay for them. This employee also bills the company's customers for the goods or services it sells. She prepares the invoices and sends them out. Calling customers with past due accounts may also be the responsibility of the person in this position.

Payroll is something most bookkeepers are responsible for. They may actually process the paychecks in house or print payroll reports for an outside agency to process the checks. Commissions paid to salespeople, the collection of employee time cards, and overseeing payments to salaried employees are all part of the duties of this employee. Bookkeepers process reimbursement reports and handle payment of any wage garnishments.

Bookkeepers handle the day to day banking business for the companies they work for. They make deposits and enter that information into accounting software computer programs. For companies that accept credit card payments, bookkeepers must reconcile and monitor those. They handle wire transfers and reconcile the monthly bank statements. If discrepancies are discovered, it's the bookkeeper's job solve the problem.

Filing the monthly and quarterly tax returns is something most bookkeepers handle for their companies. They also file payroll and unemployment taxes. All the required payments and forms that must accompany returns are the responsibility of the bookkeeper. Some bookkeepers are entrusted with processing the yearly corporate returns for their companies. Most businesses still bring in CPAs for this job, which can be complicated and detailed.

Bookkeepers are expected to run reports for their employers that show monthly cash flow. They print out and send workers compensation and pension reports to the various state and federal government entities that require them. If the business they work for is audited, it is the bookkeeper's responsibility to work with the auditors, supplying all the reports and other information necessary for them to complete their work.

The national average salary for bookkeepers is a little less than forty thousand dollars per year. In certain areas experienced bookkeepers earn slightly more than thirty thousand dollars a year. In other parts of this country the salary is almost fifty thousand.




About the Author:



Comments

Post a Comment

Popular posts from this blog

The Top Web Design Companies & 3 Pointers For Prospective Employees

By Arthur Williams Anyone that knows anything about website development will tell you that it's one of the biggest industries in the world. In the digital age that we live in, every company requires some kind of web presence. The top web design companies can fulfill this endeavor, as they have the right employees for the job. If you're a prospective employee that's looking for work in this field, here are 3 pointers to help you along. One of the most important things to know about finding a web design job is that your portfolio matters. The portfolio in question should include high-quality works you've completed in the past. These can come from your days in college or maybe an internship at one of the local web development companies . Regardless, a collection of your works is necessary, as companies like Lounge Lizard will stress. Next, make sure that you're prepared for job interviews . One of the ways to do this is by learning the most common questions, ...

What Is Internet Network Marketing?

By Mike Franck Internet marketing and network marketing coexist on the Internet quite happily nowadays. Internet marketing involves affiliate marketing which means selling a product directly from a website or through social media, blogs, forums for example. Network marketing is only marginally different, but on top of the methods above, it also involves inducing others to aid in selling your product for you. The Internet provides us with the opportunity to market products to thousands of people internationally. The old network marketing practice of bugging acquaintances and family to purchase your product went the way of the dinosaur thank goodness! Using Video in Both Internet and Network Marketing One of the most highly efficient platforms on the Internet today both for Internet marketing and network marketing purposes is video, and if you have got a quick look around you to you'll see thousands of people promoting products, most of them making thousands of dollars a mo...

How To Decide Competitive Dance Uniforms

By Cynthia Cole Art is show and expressed in different options. Some are done through dancing. It would be a good way to show the emotions you have through movement. Many individuals are skilled when it comes to these activities. And the different styles from various countries could easily dictate the type of style to expect from the dance types. There are distinct styles. But over the years, others are also providing different options and mixtures. This could be art for many. And for others this is a competition and a sport. Some individuals want to participate in these things. And because of that, you would need to know the different needs. Various competition options for events are actually present and could be chosen if you wish to participate in such options. One thing you need to have and consider is the presence of competitive dance uniforms . There are various competitions out there. And the styles and rules could be different for each. Others have decided that they a...