Some of the tasks of bookkeeper that will help to keep your business running smoothly

 

 

• Sending out invoices and managing the accounts receivable ledger,  Preparing invoices and sending them to clients is usually the bookkeeper's responsibility. Managing the accounts receivable ledger – and chasing late payment – is also likely to be done by a bookkeeper. 

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• Keeping track of daily transactions,  A bookkeeper can handle the recording of day-to-day bank transactions.

 

• Handling the accounts payable ledger,  Up to a certain dollar amount, it's usually bookkeepers who will make payments on behalf of the business. This includes payment of supplier invoices, expenses and petty cash.

 

• Preparing the books for the accountant, it’s the bookkeeper's job to ensure that the accounts are valid and up to date when the accountant needs them. This allows the accountant to use their skills and knowledge to make business recommendations, report to the board and complete company tax returns.

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• Keeping an eye on cash flow, one of the most important tasks for a bookkeeper is making sure the company doesn't run out of day-to-day money. They can do this by watching the balance of revenues to expenses. Then they can take action or offer advice if it looks like the company needs more ready cash.

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