Bookkeepers Responsibilities

A bookkeeper records all the transactions, including sales and expenses, assets, liabilities, and equity, account receivables, and payables. Also, a bookkeeper uses these numbers to set up various statements and reports such as profit and loss statements, Balance sheets, trial balances, cash flow, bank reconciliation, expense analysis, and financial reporting. These statements represent how well your business is performing, whether marketing campaigns were successful, when is the best time to make a purchase, identify the cash flow issues, the seasonal ups and downs, and make sure that you manage your finances well during this time. In general, a bookkeeper shows how healthy your finances are. You will then be able to make informed decisions for the business in a timely manner. Finally, a bookkeeper also manages full-cycle payroll and all government remittances, filing, and payments of that payroll and GST/HST/PST accounts.