Running Your Business With A Bookkeeper

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Running Your Business With A Bookkeeper
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• Running a business of any size can be difficult
  without a little professional intervention and
  guidance, such as what you might expect to
  receive from an accountant or bookkeeper, and
  they often play an extremely significant role. If
  youre uncertain as to whether your business
  would benefit from professional help, and are
  unclear as to whether you need an accountant or a
  bookkeeper, the following guidance should be of
  help to you
• Accountants and Bookkeepers have different roles
  and duties
• For an accountant, the primary focus of their
  work is based upon preparing and lodging
  statutory return, giving advice and counsel on
  legal entity structures and giving general advice
  related to business and finance.

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• In addition, accountants are more often than not
  members of a statutory association and may refer
  to themselves as CCAs (Chartered Certified
  Accountants) or CAs (Chartered Accountants).
• For bookkeepers, they manage a variety of
  responsibilities within small businesses, but
  their primary focus is upon organising, recording
  and reporting the financial transactions that
  make up the operational life of a small business.
  As technology has progressed along with
  businesses, many bookkeepers now add the
  following duties to their role
• Helping to implement POS (point of sale) systems
• Training clients to use accounting software

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• Implementing document management and inventory
  control processes to help businesses increase
  their efficiency
• Helping to develop, implement, maintain and
  review internal business processes
• More often, a bookkeeper will have an area that
  they specialise in, and its worth asking them
  about this when (or before) you hire them.
• What exactly does a bookkeeper do?
• Among a wide range of duties and
  responsibilities, here are some of the main tasks
  that a bookkeeper will perform to help keep a
  business operating smoothly

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• Track daily transactions they usually take care
  of the recording of daily bank transactions
  modern software makes this task far more
  efficient
• Managing accounts receivable and sending invoices
  chasing late payments and managing the accounts
  receivable ledger is an important daily task for
  a bookkeeper, as is preparing and sending
  invoices to clients.
• Handling the accounts payable ledger
  bookkeepers usually make payments on the
  businesss behalf, such as paying supplier
  invoices, expenses and petty cash.
• Watching over cashflow running out of money is
  a businesses worst nightmare, so a bookkeeper
  will keep a check on the revenue balance and act
  or offer advice, if more cash is needed.

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• Getting the books ready for the accountant
  valid and up to date accounts are another of the
  bookkeepers responsibilities, and they will
  prepare them ready for the accountant to use
  their skills and expertise to make business
  recommendations, report to the board and complete
  tax returns for the business.
• Put in its simplest terms, a bookkeeper handles
  the day to day running of a business, so that the
  accountant can focus his efforts on the more
  strategic side of the financial operations.
  Bookkeepers play an essential role in most
  businesses, large or small, and without a good
  and reliable bookkeeper, an accountant simply
  cannot do their job as effectively.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami , Heyer Associates would be a right
  option.