As a creative business owner, it can be overwhelming to do all the daily tasks on your own. I strongly recommend you evaluate if you should do the bookkeeping and taxes, or hire a professional. There are several different levels of Bookkeeping Service in Georgia. Each of them know the basics of accounting, but the more advanced types of bookkeepers can even do tax preparation and other skilled operations, like financial statements. Here are the 3 main types of bookkeepers so you can find the best one for your business.
1. General Bookkeeper
This is a person a person who deals with the daily financial transactions and postings for a company or individual. Their knowledge can include easy single-entry bookkeeping or more detailed double-entry bookkeeping, and they will be familiar with financial software like Quicken or Quickbooks. A general bookkeeper is responsible for recording all transactions into the general ledger, posting invoices and payments and keeping up with monthly bank reconciliations.
2. Full Charge Bookkeeper
This is a person who has many of the same responsibilities as a general bookkeeper. The few differences are that they prepare financial statements, and in most cases handle payroll. They usually handle the financial transactions for small-to-medium sized companies and have a higher level of experience based on the fact they may have taken a few accounting courses or classes.
3. Certified Bookkeeper
This type of bookkeeper is much more knowledgeable. They handle everything that general and full charge bookkeepers do and lots more. A Certified Bookkeeper must have at least 2 years (proven) experience working in the accounting field and pass a four part national examination. They are expected to prepare all the financial and income statements, keep up with daily transactions, accounts payable and receivable, general ledger and any other accounting needs. Certified Bookkeepers qualify for the CB title after their name, much like a CPA title. They are responsible for payroll and reporting to the state, quarterly tax payments, and with prepping all the year-end tax documents and financial statements. To maintain the Certified Bookkeeper title, you must stay current on continuing education and changing tax laws.
Finding the Right Bookkeeper for Your Business
Bookkeepers can be called many things; head bookkeeper, junior accountant, accounting clerk, and even “bean counter.” But the job description is basically the same, to help run the daily books for businesses and individuals.
Bookkeepers are a very vital part of keeping a business running smoothly.
If you are just starting out, you might look for a less educated and less expensive bookkeeper. One that you can work hand in hand with as the business grows. If you are looking for a more advanced bookkeeper, you will want to go with a Certified Bookkeeper. They will have a lot more knowledge, expertise and experience under their belt.