Entry-Level Freelance Bookkeeper I Xero & QuickBooks Certified I Accountant I Su

As a bookkeeper , my roles focused on recording daily and weekly transactions to account business transactions regarding the financial figures of the business. This includes sales, purchases, expenses, revenue and cost directly used for operating the business. Transaction should be categorize and recorded to faithfully represent what it purports to represent especially in making relevant decision-making. Bookkeeping helps the end-users to understand financial health of the business, make proposed interventions and execute recommendations to get desired results.

Account reconciliation forms part of bookkeeping process because all figures presented in the balance sheet, profit and loss report, cash flows, and equity statement must be reconciled with the supporting documents to provide correct financial figures and adjustments, if needed.

Account payable is a liability that must be paid by the business in a near future. Management of this account must be monitored to avoid penalties or interest inherent with the nature of the obligations. The business with lower account payables shows financial strength that meets its commitments as they fall due. As a bookkeeper, this account should be concisely recorded and reliable in figures to assess the business capacity to add obligations in the near future.

Procurement is part of business activities where bookkeeping was based on the purchases and expenses to be recorded as incurred during the procurement process. As a bookkeeper, i understand how procurement transactions affects business activities and how funds should be budgeted based on the planned utilizations and target dates of project completion.