Bookkeeping, also referred to as financial record keeping, is an occupation with many opportunities for job placement and enhancement. Some employers require full charge bookkeepers to have only a high school diploma, while others require a college degree in accounting or a related field. Full charge bookkeepers are in charge of a company's financial information.
Full charge bookkeepers maintain all of the accounting records and books for a single company. They calculate expenses that the company pays for supplies or other employee benefits or needs, and manage the accounts payable and receivable records. The accounts receivable record is the money that is owed to the company from its customers. The accounts payable record is the money that the company owes to vendors for products or services that the company purchases.
Full charge bookkeepers verify expenditure and other miscellaneous accounting information for the company. They then take the details and data from their accounts and enter it in various ledgers to make it easy for others in the company to see and keep track of. Full charge bookkeepers commonly use computer programs such as Excel spreadsheets to organize data and information in ledgers. These spreadsheets make it easy for others to view the company's financial data, and are a fast and efficient way for full charge bookkeepers to perform this aspect of their jobs and move on to other responsibilities.
Bookkeepers usually do this by using a balance sheet. A balance sheet tracks the assets, liabilities and owner's equity of a company. Assets are things of value or money belonging to a company; liabilities are things of value or money that a company owes. Owner's equity, commonly referred to as capital, refers to things of value or money that belong to the owners of the company.
- Photo Credit la calculatrice image by Cyril PAPOT from Fotolia.com
Bookkeeping Job Description
"Bookkeeper" is a fairly broad job description. The duties and responsibilities of a bookkeeper can vary significantly from one company to the...
Restaurant Bookkeeper Job Description
A restaurant bookkeeper helps maintain a restaurant's financial records. Bookkeepers reconcile receipts and manage budgets, payroll and deposits. Restaurant bookkeepers may not...
How to Become a Full-Charge Bookkeeper
Full-charge bookkeepers are able to maintain all of the books for a company. The tasks a full-charge bookkeeper is responsible for include...
How to Charge for Bookkeeping
Beginning a bookkeeping business involves knowing basic accounting principles as well as knowing how much to charge for your services. Retaining a...
What Is a Full Cycle Bookkeeper?
The bookkeeper for a business is someone who keeps a record of the daily financial transactions for a company. This process of...
Duties of a Bookkeeper
A bookkeeper is responsible for keeping records for small businesses, recording all financial transactions and keeping the company budget balanced. Understand the...