Q:

What are the responsibilities of bookkeepers?

A:

Quick Answer

A bookkeeper's primary responsibility is maintaining the financial records of a business, including accounts receivable and accounts payable, making payments and bank deposits and recording financial transactions. Bookkeepers work closely with other employees to ensure the proper handling of all the business's financial transactions.

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Full Answer

Daily bookkeeping responsibilities include working with online spreadsheets and databases, entering transactions into the financial management software by account, confirming the accuracy of data entered and reconciling discrepancies. Bookkeeping responsibilities vary based on the size of the business and how it is structured. Companies often assign bookkeepers duties such as tracking revenue and expenditures against the company's budget and preparing related financial reports. Maintaining an inventory of supplies and other items and ordering these items are responsibilities sometimes assigned to the bookkeeper in smaller businesses.

Bookkeeping positions generally require a high school diploma or its equivalent and basic computer and math skills. Some employers look for college coursework or degrees in finance and business, but many bookkeepers learn the company's financial management software systems on the job. There is no special certification for bookkeepers.

According to the U.S. Bureau of Labor Statistics, the median annual income for bookkeepers was $35,170 in 2012. The BLS anticipates growth of 11 percent in the field by 2022.

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