Only 40 percent of business owners feel that they are knowledgeable enough to handle the company’s bookkeeping and finances.
This means that the majority of business owners need someone to help them with their finances.
Are you a business owner? Do you recognize the importance of careful bookkeeping but don’t know where to start or don’t have the time to handle it? If you answered yes to either of those questions, it’s worth learning the answer to the question: what is a full charge bookkeeper?
Continue reading this full charge bookkeeper guide to learn more.
Definition Of A Full Charge Bookkeeper
A full-charge bookkeeper differs from a regular bookkeeper because they alone are responsible for all of the accounting processes.
They may supervise other people within a finance department, but ultimately all aspects of the finances of a company are run through them. In turn, they typically report to a higher up in the company and relay information.
The unique thing about full charge bookkeepers is that they can be an employee of the company, or they can be outsourced to a particular company or freelancer.
This position is typically found in smaller companies that don’t have the need for a controller or CFO but still need someone to keep a close eye on their finances and handle many different finance-related responsibilities.
Responsibilities Of A Full Charge Bookkeeper
Because a full charge bookkeeper handles the majority, if not all, of the financial responsibilities for a company, their roles and responsibilities are pretty vast.
You might see them handling:
- Monitoring cash flow
- Accounts payable
- Accounts receivable
- Financial reporting
- Reconciling bank accounts
- Auditing duties
All of these duties go hand in hand, so having them handled entirely by one person can lead to less confusion.
Benefits Of A Full Charge Bookkeeper
What are the full charge bookkeeper benefits? There are plenty!
Here are some of the biggest ones:
- Helps you make informed decisions
- A clear picture of finances
- Easier when tax time comes
- More time to focus on growth
- It eliminates the need for multiple jobs
- One trusted source for information
If you’re ready to Google “full charge bookkeeper near me,” try taking a look at bluefireaccounting.com to find one example of a bookkeeper that can help you to manage your business with ease.
While there are many options out there, going with a trusted and well-respected person is crucial to ensure that your finances are well taken care of.
What Is A Full Charge Bookkeeper? A Necessity
This brief article briefly answered the question: what is a full charge bookkeeper?
They’re a necessary and valuable asset to any small or medium-sized business that needs to keep careful track of its finances. So whether you need help with invoicing, financial reports, payroll, or anything in between, consider reaching out to a full charge bookkeeper today!
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