A full-time charge bookkeeper who works in a small business will complete jobs that are more complex than that of regular bookkeepers. They will carry more responsibility, keeping careful track of information and making sure that there are no errors. A full charge bookkeeper will be in charge of all of the accounting, preparation of financial statements, and other information. You will not see this unless you are dealing with or have a midsized company who don’t have an accountant or a controller.
Education & Experience
The minimum education requirement to be a full charge bookkeeper shaving a high school diploma. There will have to be educated after that as well. An associate or a bachelors degree in either business or another relevant field is necessary. Usually, you will need a certified bookkeeper designation which is provided to you by the American Institute of professional bookkeepers. Many businesses prefer that their full charge bookkeepers have a mix of education and experience. It is not an entry-level job, so you can’t just hop right into one.
A full-time charge bookkeeper can handle full responsibilities and duties that other supervisors or other employees were doing. They will help code and enter invoices, check the accuracy of data, and bill clients. They can also prepare bank deposits, and help ensure that the general ledger accounts are debited. They will create and process employee timesheets, run payroll checks, and maintain monthly and quarterly tax returns.
If full charge bookkeeper will dive much deeper into the general ledger and other responsibilities than a regular bookkeeper. I’ll journal entries will be entered by the full charge bookkeeper for all of your accounts such as your fixed assets and any other deprecation’s. At the end of each month, there will be a trial to verify any information the general ledger accounts are in to make sure they’re in balance. The full charge bookkeeper will help analyze the trial and make sure the balances are correct they will also help make sure that any necessary adjusting journal entries are also accurate and free of discrepancies.
Bookkeepers in Melbourne will also finish by the end of the month balance sheets, income statements, and financial statements as needed. All of these will be submitted to the CPA to verify that they’re accurate, and then the owners or management will appraise them to make sure the company is running well. The full charge bookkeeper Will also run a cash flow statement and make sure that the statement of the owner’s equity is in alliance with the structure of the company. Owners or management may also request some periodic reports from the full charge bookkeeper anyway he will have to oblige and give them the information they need.
So, in conclusion, A full charge bookkeeper will work alone to process all the companies bookkeeping and financial needs. If you’re running a midsize firm, bookkeeping clerks or your administrative assistant may also be allowed to help with the tasks. However, this is not very common. Those other jobs will be down at entry, account payable invoices, and they will help to prepare the full-time charge bookkeeper and helping with the accuracy of the work. So, full charge book keeper’s can be essential and small companies, and they can do a lot of work. However, they will usually be working alone especially in larger companies. For more information, head to bookkeeperco.com.au.