rbtj.ca Bookkeeping Blog
What you are missing if you don’t have a bookkeeper?
If you are the one who is doing the bookkeeping in your business, you are spending countless hours recording transactions, making yourself familiar with accounting rules, and preparing different financial reports. If you think about hiring, outsourcing will help you to save time for advertising, hiring, and training as you
Read MoreWhy a business needs a bookkeeper?
Some of the benefits of having a bookkeeper are mentioned below Outsourcing bookkeeping By outsourcing bookkeeping operations, you will save loads of money and time by avoiding the process of advertising, finding, hiring, training, and paying an employee an hourly rate. Reduce Responsibilities and use time efficiently Having a professional
Read MoreBookkeepers 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.
Read MoreThe difference between bookkeeping and accounting!
In bookkeeping, we deal with the day-to-day activities of recording financial transactions, such as purchases, receipts, sales, and payments. This makes Bookkeeping a transactional and administrative role. On the other hand, accountants take the information and data from bookkeepers and provide financial insights to the business owners, making it more
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