Every business needs bookkeeping. If you are established and pay taxes, you are required to keep record of the transactions for your business. Bookkeepers maintain the financial records of a firm’s daily transactions. Typically using computer software, a bookkeeper records a firm’s income and expense activity. The bookkeeper’s primary responsibilities involve accounts receivable and accounts payable and include issuing invoices, tracking payments owed to the firm, verifying accuracy of received receipts, and managing firm debt. Depending on the size of the firm, a bookkeeper may also maintain employee payroll and perform cash management to assure the firm is able to make purchases and implement projects. No formal training is required of a bookkeeper.
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