While some people remain career bookkeepers at one company, most rotate between companies or leave the field altogether for supervisory or managerial positions. Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process. Bookkeepers keep track of the money flowing through their employer’s business.
You may make more money long-term if you leave the accounting to the experts and focus on your growth prospects. When looking for a certified bookkeeper, first decide if you want to hire an independent consultant, a firm or a full-time employee if your business is large enough. Ask for referrals from friends, colleagues or your local chamber of … Read the rest