Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

What Do Bookkeepers Do?

Job Descriptions September 24, 2013

Bookkeepers are, generally speaking, the ones who record all financial transactions for companies. Companies can be large corporate giants or smaller mom and pop stores. Thus, the activities of a bookkeeper can vary greatly.

Usually, the most fundamental duties involved in business transactions include purchasing for the business, sales income, receipts, payments received and payments made. Note that bookkeeping is not the same thing as accounting, since the latter involves more intricate work besides just bookkeeping.

What Will You Be Doing?

In theory, anyone could work as a bookkeeper if it’s just a small-store-operating business. However, with larger companies more experience and education is typically required.

Transactions will be recorded with the company’s own software, or general ledger, unless they are counting on you to have your own system or organization. One of the most commonly used software programs is QuickBooks, which allows for online interaction, storing all accounting and bank transactions, and scheduling events.

Above all else, these workers are expected to report accurate information. They will not be expected to plan or economize the company, since they are not involved in CFO work, nor do they even work in an official accounting position.

Still, knowledge of debit and credit is important, not to mention working experience with accounts receivable and accounts payable. Larger firms will be interested in bookkeepers that can work with charts of accounts, payroll and tax reporting for the end of the year filing.

You are not only going to be recording transactions but also adjusting entries and finding discrepancies so as to protect your client. Mathematical skills are a must, even though the computer does basic accounting work for you. You must still oversee the reporting and discover any mistakes that do not mathematically add up.

Working with Various Programs and Companies

You can decide whether you want just one primary client or a variety of clients. Depending on what your clients prefer, you may work with a single-entry system or a double-entry system. The trial balance stage refers to a list of all the general ledger accounts with a debit or credit balance value. From there, an accountant will likely prepare the income statement.

Bookkeepers will often confess that the most trying part of the job is not the numbers but the people they have to work with on a daily basis. You must not only keep perfect records but be able to quickly explain them and discern information directly coming from company employees, who are not always clear about financial data. For example, you may have to get receipts from co-workers, or disperse petty cash, that sort of thing.

You will also have to report to multiple department heads if you work for a larger company and may need to discuss inventory, perhaps even placing orders for new products. The bookkeeper must stay flexible, since he or she will have to cover for inventory managers if a company does not employ them as their own position.

The good news is that you probably don’t need certification. However, seeking higher education from a trusted college, and pursuing finance, accounting or a related field is a shrewd move. This is a rewarding and fairly straightforward career that is relatively low stress. Make the move today!

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Join our next Open House on 2/15!
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!