NMS Daily Bookkeeping Solutions

Data Entry: Bookkeepers are responsible for entering financial transactions into the accounting system. This includes sales, purchases, receipts, and payments.
Bank Reconciliation: They regularly reconcile bank statements with the company’s accounting records to ensure accuracy and to detect any fraudulent activity.
Invoicing and Payments: Bookkeepers prepare and send invoices to clients, as well as process and pay bills from suppliers.
Payroll: In some cases, bookkeepers may handle payroll tasks, such as calculating wages, processing payments, and preparing payroll tax returns.
Financial Reporting: They generate financial reports, such as balance sheets, income statements, and cash flow statements, to provide insights into the company’s financial health.
Tax Preparation: Bookkeepers may prepare and file taxes, or they may provide the necessary information to an accountant or tax preparer.
Compliance: They ensure that the company complies with financial regulations and standards, such as Generally Accepted Accounting Principles (GAAP).
Record Keeping: Bookkeepers maintain organized and up-to-date financial records, ensuring that all relevant documents are readily accessible.
Budgeting and Forecasting: In some roles, bookkeepers may assist with budget preparation and financial forecasting.
Communication: They often liaise with accountants, business owners, and other stakeholders to discuss financial matters and provide advice.