A charge bookkeeper has the job of keeping financial records for a company. In this position, a person is generally responsible for maintaining a company’s books and working to keep accurate records of the company’s income, assets, and expenses. He also usually has the job of reconciling a company’s bank account each month. In many cases, a full-load accountant’s job description also includes analyzing the ledgers, creating reports, and correcting any errors he discovers. Additionally, a fully-loaded accountant can handle a company’s payroll and taxes.
Much of a lump sum accountant’s job involves keeping accurate records for a company. You may keep records of money the company receives or expects to receive, as well as records of money the company must pay to others. Among the things a full charge bookkeeper can keep track of are payroll expenses, equipment and supplies, and taxes. When it comes to the money a business receives, it can track payments received for the purchase of products and services, refunds, money owed by debtors, and profits from any business investments.
Full charge counter job description
The role of a Full Charge Bookkeeper accountant in a small business is more complex than that of a regular accountant and carries more responsibilities. A full charge accountant handles all of a company’s accounting needs, including preparing financial statements. The role is most often found in small to medium-sized businesses that do not need an accountant or controller. A full collections accountant reports directly to the business owner or the highest level of management and often works with an outside CPA firm to prepare year-end financial statements and tax returns.
Education and Experience
The minimum education requirement for full-time accounting is a high school diploma, but most people need continuing education or certification to get a job. Typically, employers require an associate’s or bachelor’s degree in a field such as accounting or business. For some employers, a certification, such as the Certified Bookkeeper designation offered by the American Association of Professional Bookkeepers, is sufficient. Most companies prefer full-time accounting to combine education or advanced certification with experience in the field. This is not a starting position. Advanced training and experience in accounting software is also helpful for job seekers.
Accounts payable accountants often handle the full cycle of accounting duties or supervise others on basic tasks such as accounts payable. They encode and enter vendor invoices and expenses, execute checks, bill customers and clients, and prepare bank deposits, ensuring that the correct G/L accounts are debited or credited accordingly. They process employee timesheets, run payroll checks, and prepare monthly and quarterly tax returns. A full-charge accountant typically handles all of a company’s banking needs, including reconciling monthly bank statements and monitoring cash flow.
A fully loaded accountant delves much deeper into the general ledger than a normal accountant. Journal entries are prepared and entered by the total charges accountant for accounts such as fixed assets and depreciation. At the end of each month, a trial balance is run to verify that the general ledger accounts are in balance. The total load counter analyzes the balance sheet and makes any necessary adjustments to the journal entries to correct discrepancies. Generally, the business owner or management, or an outside accounting firm, will approve the finalized balance sheet before the accountant closes the books for the month.
The balance sheet of SBA 504 Loans and income statement are financial statements usually prepared by a full debit accountant at the end of the month. They are executed after the books are closed and submitted to an accountant for accuracy and then to the owners or management to inform them of the financial health of the company. The accountant may also perform a cash flow statement and a statement of equity, depending on the needs and structure of the company. Owners or management can request periodic reports from the accountant of total charges, such as labor cost reports or sales reports.
In a smaller company, the full load accountant may work alone to process all of the company’s basic financial and accounting reports, but in a medium-sized company, clerks or administrative assistants can help with basic tasks. This may include entering data from accounts payable invoices and preparing bank deposits. The full load counter will supervise these employees, helping to organize the workflow and verifying the accuracy of the work. Some accountants in small businesses take on multiple roles, working or overseeing areas such as purchasing, inventory, and human resources.