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A Bookkeeper is responsible for recording and maintaining a business’ financial transactions, such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, which are used to produce the balance sheet and income statement.
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The bookkeeper is generally responsible for overseeing the first six steps of the Accounting Cycle, while the last two are typically taken care of by an accountant. While there is a general overlap between the two professions, there are a few distinctions that are later discussed in this article.
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What Does a Bookkeeper Do?
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Being consistent, accurate, and minimizing errors are key characteristics that employers are seeking for this position. It is indispensable to have a knowledge of accounting and to understand how to use accounting software systems.
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In larger businesses, a bookkeeper is responsible for overseeing and reconciling hundreds of financial transactions. This is typically done with the assistance of various software systems, [employment](https://www.naukrinfo.pk/companies/firwal/) and for this reason, technology literacy is incredibly valuable for the profession. A few other relevant skills and job duties would include the following:
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Relevant Skills and Knowledge
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Basic accounting knowledge
+- Understanding accounting best practices
+- Knowledge of IFRS, U.S GAAP, or another accounting framework
+- Data entry skills
+- High attention to detail
+Proficiency in Microsoft Excel
+- Produce work with a high level of accuracy
+- Professionalism and organization skills
+- Associate degree or at least one year of experience
+- Knowledge of XERO, Quickbooks, Zoho, Fresh Books, or other applications
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[Job](https://requirefreelancer.com) Duties and Responsibilities
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- Maintain an accurate record of financial transactions
+- Update and [maintain](http://spherenetworking.com) the general ledger
+- Reconciliation of entries into the accounting system
+Recording of debits and credits
+- Maintain the trial balance, by a reconciliation of general ledgers
+- Account reconciliation to assert the accuracy of transactions
+- Use knowledge of local laws to comply with reporting requirements
+- Monitor any variances from the projected budget
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Bookkeeper Salary Range
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A bookkeeper can expect to earn a salary in the range of $30,000-$60,000 a year in the US. However, compensation will widely vary depending on the employer, location, and [employment](https://izibiz.pl/companies/homejobs/) candidate experience. Bigger to offer better compensation for bookkeepers
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