• Recording Transactions

  • Track and enter all income, expenses, sales, and purchases.

  • Use accounting software (like QuickBooks, Xero, or Wave) to manage entries.

• Reconciling Accounts

  • Match bank and credit card statements with internal records to make sure everything balances.

• Managing Accounts Payable and Receivable

  • Track money the business owes (bills) and is owed (invoices).

  • Ensure vendors and employees get paid, and customers are reminded to pay.

• Maintaining Financial Records

  • Organize receipts, invoices, bank statements, and tax documents.

  • Keep records clean and ready for audits or tax season.

• Providing Financial Reports

• Generate basic reports like income statements, balance sheets, and cash flow reports.

• Help the business owner understand how their business is doing financially.

• Preparing for Tax Filing

• Organize books so an accountant or tax preparer can file taxes easily and accurately.

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🟩 Bookkeeper vs. Accountant – What’s the Difference?

• A bookkeeper keeps the day-to-day financial records organized.

• An accountant uses that information to give financial advice, prepare taxes, or file complex reports.