What Does a Bookkeeper Do?


Quick Answer

Bookkeepers record important financial transactions, including accounts receivable, accounts payable, expenditures and receipts, as well as track profits and losses in a general ledger for both businesses and individuals. Bookkeepers typically use software or create computer spreadsheets and databases to track financial transactions.

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Full Answer

Depending on a business's needs, bookkeepers may also manage payroll; create financial statements, such balance sheets and quarterly income statements; manage bank statements; and create invoices for business clients and vendors. Bookkeepers also check general ledgers periodically to search for incorrect entries and other mistakes, update ledgers by adding new transactions, and make notes of these changes. Bookkeepers may work for accounting firms or run their own businesses.

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