What are the financial transactions (and therefore areas of responsibility) for which a bookkeeper can be...

Question

Question

What are the financial transactions (and therefore areas of responsibility) for which a bookkeeper can be responsible? Discuss in 220–250 words.

business accounting

Answer 1

Answer #1

Bookkeeper Jobs and Responsibilities:

Develops system to account for financial transactions by establishing a chart of accounts; defining bookkeeping policies and procedures.
Maintains subsidiary accounts by verifying, allocating, and posting transactions.
Balances subsidiary accounts by reconciling entries.
Maintains general ledger by transferring subsidiary account summaries.
Balances general ledger by preparing a trial balance; reconciling entries.
Maintains historical records by filing documents.
Prepares financial reports by collecting, analyzing, and summarizing account information and trends.
Complies with federal, state, and local legal requirements by studying requirements; enforcing adherence to requirements; filing reports; advising management on needed actions.
Contributes to team effort by accomplishing related results as needed.

Answer 2

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