Learn something new every day
More Info... by email
A full-charge bookkeeper has the job of keeping financial records for a company. In this position, a person typically has the responsibility of maintaining a company’s books and working to keep accurate records of the company’s income, assets, and expenses. He usually has the job of reconciling a company’s bank account each month as well. In many cases, a full-charge bookkeeper’s job description also includes analyzing ledgers, creating reports, and correcting any errors he discovers. Additionally, a full-charge bookkeeper may handle a company’s payroll and taxes.
Much of a full-charge bookkeeper’s job involves maintaining accurate records for a company. He may keep records of the money the company receives or is expecting to receive as well as records of the money the company must pay to others. Among the things a full-charge bookkeeper may keep track of are expenses for payroll, equipment and supplies, and taxes. As far as the money a company receives is concerned, he may keep track of payments received for the purchase of products and services, refunds, money owed by debtors, and earnings on any business investments.
A full-charge bookkeeper usually has the job of balancing a company’s books as well. This usually includes using a document called a balance sheet to list the company's assets and liabilities. The balance sheet also lists the equity the business owner has in the company, which indicates the amount of capital the owner has in the business.
Bank reconciliation is also part of a bookkeeper's job. A bookkeeper typically compares the amounts listed in bookkeeping records with those on a company's bank statements. The purpose of this is to ensure that a company's financial records are kept up-to-date, accurate, and complete.
Verification is usually an important part of a full-charge bookkeeper’s job as well. He may be charged with verifying expenses as well as money and assets a company receives. His job also involves making sure the information included in a company’s records is accurate. He is typically expected to discover any errors that are present and correct them.
Oftentimes, a person with the title of full-charge bookkeeper also has tasks to perform for a company’s payroll and taxes. He may be limited to recording details about a company’s payroll or have the responsibility of making payments as well. In many cases, a bookkeeper is also responsible for filing a company’s tax payments.