What Does a Bookkeeper Do?
When running a business, keeping track of your finances is key, but most business owners don’t really have the time to handle it on their own or at least not the time to handle it well. That’s where a bookkeeper comes in the picture. Whether you're a small business owner or scaling your business, having a bookkeeper can make a huge difference in staying organized and profitable.
What exactly does a bookkeeper do? They help manage the day-to-day financial record keeping of your business. Their job is to ensure all transactions are properly recorded, categorized, and up to date. Ironically many bookkeepers struggle with this.
Some of the day-to-day financial record keeping tasks a bookkeeper handles are:
Recording Transactions – Every sale, purchase, and expense is logged and organized.
Managing Accounts Payable & Receivable – They track what’s coming in and what’s going out, ensuring bills and invoices are paid on time.
Reconciling Bank Statements – This is where they compare the books with bank statements to catch errors and prevent fraud.
Generating Financial Reports – A bookkeeper will create profit & loss statements, balance sheets, and cash flow reports so that you always know where your business financials stand.
Payroll Processing – Some bookkeepers also handle payroll, ensuring employees are paid correctly and on time.
Preparing for Taxes – While bookkeepers don’t file your taxes, they keep your records in order so come tax time it’s a smooth and stress-free process to file.
Why Is a Bookkeeper Important?
Without proper bookkeeping, you can quickly lose track of expenses, cash flow, and profitability. By having a bookkeeper you can avoid costly mistakes, save time, reduce stress, and make smarter business decisions.
When Do You Need a Bookkeeper?
If you find yourself struggling to keep up with your finances, struggling to categorize your transactions correctly, or just want to free up time to focus on running your business, then hiring a bookkeeper is a smart move.
Need help with your bookkeeping and want someone who does it right? Let’s talk!