Bookkeeping: Responsibilities

The scope of a bookkeeper’s duties depends on the size of the company and the number and complexity of its transactions. Most bookkeepers work for smaller companies that don’t have an accountant on staff. Large organizations may employ bookkeepers to work under the direction of accountants. Unlike accountants, bookkeepers don’t usually need an accounting or other business degree to gain employment.

The Bookkeeper is responsible for processing a company’s business transactions. Bookkeepers are expected to be accurate, efficient, and knowledgeable about debits and credits as well as understand their role in their daily, weekly, monthly, quarterly and annual processing of all financial transactions. A bookkeeper plays a vital role in a business by recording and maintaining its financial records.

It is critical for bookkeepers to have a strong understanding of tasks and timelines to ensure their organization’s records are properly maintained. This course provides an in-depth outline of responsibilities that include all aspects of daily, weekly, monthly, quarterly and annual tasks. Included in these responsibilities are: accounts payable, payroll, accounts receivable, inventory, paying bills, collecting cash and much more.

This course provides a view of responsibilities that should be examined during each period.

NOTE: This course is one of a series of courses developed for the Professional Bookkeeping Certification program on Illumeo. The full curriculum of courses will provide you with the ultimate foundation to a career as a bookkeeper. 

Note: Information within this course comes from readily available public domain documents and is utilized by the trainer as a supplement for relaying the course content.