vendredi 25 janvier 2019

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 have important roles in the lives of companies that can't justify hiring full time accountants. Advanced degrees aren't required, and the duties will vary depending on what the company does and how large it is. Most businesses use CPAs to handle their annual tax returns. They sometimes retain accountants to come in and go over their books once or twice a year. Beyond that they depend on their bookkeepers to manage the day to day financial responsibilities.

Bookkeepers are responsible for all accounts, both payable and receivable. When invoices come in, bookkeepers input them into the computer system and then issue checks that correspond to the invoices. They also send bills to customers for goods and services they have purchased. When customers are late making payments, it is usually the bookkeepers who have to call and remind them to make their accounts current.

Handling payroll is usually the responsibility of bookkeepers. Some of them process the checks themselves, and others send payroll reports to outside firms that cut the checks. Commissions paid to salespeople, hourly employee time card collections, and payments made to salaried employees are all within the duties of most bookkeepers. These employees also process reimbursements from expense reports and file wage garnishment paperwork and checks.

The daily banking business is something bookkeepers handle for the businesses they work with. They handle deposit transactions and enter the information into the company's computer software program. If the company a bookkeeper works for accepts credit cards, it is her responsibility to reconcile and monitor them. Bookkeepers also reconcile bank statements every month and handle any wire transfers. If there are discrepancies in the bookkeeping records, this employee has to find and resolve them.

Many inhouse bookkeepers file monthly and quarterly tax returns for their businesses. They handle the unemployment and payroll taxes. Any necessary forms and payments required to accompany the returns are processed by the company bookkeeper. Some bookkeepers are even responsible for the annual corporate returns of their employers. More often the business retains the services of a certified public accountant.

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.

According to the Bureau of Labor Statistics, the average salary for bookkeepers is slightly more than thirty-eight thousand dollars a year. On the low end salaries were just over thirty thousand. On the high end it was nearly fifty thousand dollars a year.




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