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Bookkeeper

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What is a bookkeeper?

A bookkeeper plays an important role in a company and is responsible for recording revenues and outlays as receipts and invoices. In the old days, companies kept their accounts in books maintained by a bookkeeper. Therefore, a bookkeeper’s task is called ‘bookkeeping.’

The bookkeeper in a company is responsible for the company’s accounts and is the person who collects data for the preparation of the accounts.

You can digitize and automate bookkeeping with Acubiz

With Acubiz, you can digitize and automate bookkeeping, saving time on manual tasks and optimizing your expense management with accurate data.

Digital bookkeeper

In the old days, bookkeeping was done in books; today, all bookkeeping is almost entirely digitized. Therefore, a ‘bookkeeper’ is best known as the financially responsible person in a company rather than literally a bookkeeper as in the past.

The Accounting Act states that bookkeeping must be digital, whereas the accompanying receipts must be stored digitally.

This can be in the form of software or an app like Acubiz, where transactions are automatically imported and recorded. This eliminates the need for tedious paperwork, as everything is saved electronically with an accessible overview.

What does a bookkeeper do?

A bookkeeper is responsible for the daily operation and control of a company’s bookkeeping. Their role is to reconcile a company’s annual accounts so that they are ready for review by an auditor.

Among other things, a bookkeeper has the following tasks:

  • Registration of transactions and general attachment management.
    • This includes all purchases and sales as well as deposits and withdrawals.
  • Follow-up on company accounts
    • For example, ensuring enough money is in the account to pay bills and salaries.
  • Preparation of the company’s accounts.
    • This includes a balance sheet, income statement, and cash flow budget. These are used, for example, to make financial decisions in the company.
  • Submission of the company’s tax information
    • The bookkeeper must complete and submit this information (such as VAT returns and statements) to the relevant authorities.

It is vital to keep accounts and carefully and correctly record your company’s activities so that you always have documentation if the authorities come knocking. You can easily be the one who is responsible for bookkeeping in your company.

Most importantly, all companies have a financial responsibility – with and without a turnover.

Do you want to know more?

Do you need more knowledge about accounting and general expense management in companies? Then you can read more about how digital and automatic management of expenses on corporate cards makes the bookkeeper’s job easier.

With Acubiz, you can manage employee expenses and purchases with corporate cards much faster and more efficiently. Take a picture of the receipt, enter the purpose and any expense type and department – and then send the registration for approval.

If you want to learn more about specific terms in the field, you can visit Acupedia and read even more.

FAQ

What is a bookkeeper?
A bookkeeper is responsible for carrying out the bookkeeping for a company or organization.
A bookkeeper is responsible for recording and reporting financial transactions for a business. A bookkeeper is also responsible for preparing accounts and other financial reports.
The cost of a bookkeeper varies depending on various factors – it could be the size of the company or the scope of the bookkeeping. You can choose an internal employee as your bookkeeper or hire an external accountant; hence, the price varies.

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