Q:

What are some requirements of a bookkeeping job?

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Quick Answer

Some requirements of a bookkeeping job include keeping track of office supply and equipment levels, making purchases with management authorization, monitoring fixed assets, regularly paying supplier invoices while finding and employing discounts on those invoices, monitoring and paying all debts when payment is due and issuing needed invoices to customers while collecting and remitting customer sales taxes. A bookkeeper typically needs to have an associate degree in business administration or accounting along with knowledge of general bookkeeping and accounting principles, although previous experience in this position is also typically acceptable to employers, as noted by AccountingTools.com.

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Full Answer

Some other requirements of a bookkeeping job include recording all cash receipts, making bank deposits, maintaining petty cash, collecting receivables in a timely manner and issuing financial statements. Bookkeepers must conduct reconciliations of all bank accounts to ensure their records are accurate. Bookkeepers are also required to correspond with external auditors and accountants in order to provide information audits and financial statements, notes AccountingTools.com.

Another requirement of a bookkeeping job may involve maintaining annual budgets, a chart of accounts and an accounting filing system. Bookkeepers process payroll appropriately and on time, comply with all reporting requirements and carry out any other clerical and administrative duties as needed by management.

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