Back cover copy Get quick answers to all your bookkeeping questions Presenting a question and answer format for the most common problems arising from the multitude of areas a bookkeeper may address during the working day, Bookkeeping Essentials: How to Succeed as a Bookkeeper provides complete, easy-to-navigate coverage with concise explanations and hundreds of supporting examples. Packed with checklists, samples, and worked-out solutions to a wide variety of typical situations, Bookkeeping Essentials is the handy problem-solver that gives you the helpful information you want right now, in the quick-reference format you need. Part One The Basics of Bookkeeping. Chapter 1 Bookkeeping Basics. Chapter 2 Chart of Accounts.
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Bookkeeping Basics What Is Bookkeeping? Bookkeeping is how you record and report on the financial transactions of a business. The bookkeeper is responsible for initially recording basic accounting transactions, such as issuing invoices to customers, recording cash receipts, and paying employees.
Bookkeeping is rarely conducted entirely on paper anymore. Instead, the bookkeeper uses a low-end accounting software package to record transactions. The software makes it easier to record transactions, and also summarizes the information into financial reports that are useful to the owners of the business to see how it is operating. What Is the Job Description of a Bookkeeper?
The following is a detailed description of the tasks for which a bookkeeper is responsible. These line items may vary somewhat for companies located in specialized industries, but the description covers the bulk of all bookkeeper activities.
Basic Function The bookkeeper position creates financial transactions and creates financial reports from that information. The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices. The bookkeeper also reconciles accounts to ensure their accuracy. Principal Accountabilities Purchase supplies and equipment as authorized by management.
Monitor office supply levels and reorder as necessary. Tag and monitor fixed assets.
Bookkeeping Essentials : How to Succeed as a Bookkeeper