A bookkeeper documents and keeps financial transactions of an individual or a company, such as bill payments, sales, revenue, invoicing, travel expenses, requisitions, e.t.c.
Businesses or individuals may engage with a bookkeeper to help in various tasks such as accounts receivables/ payable and help create and send invoices to ensure payments are made on time. They are also responsible for cash flow statements, bank reconciliations, payroll, and preparing and summarizing monthly reports on the financial position of a business. Other tasks may include performing stock takes, keeping business aligned with laws, preparing books for accountants, and ensuring you are prepared for tax. Bookkeepers are extremely important, especially for small business owners, for they give a reliable measure of a business’s performance which helps in making strategic decisions.
A business owner may hire a full-time bookkeeper or outsource from professionals offering virtual bookkeeping services. However, this depends on the stage of a business. For instance, bookkeeping software can be used for a business with minimal transactions.
Clients may find sharing files with their bookkeepers online an easy task. However, this is done while neglecting the risks involved if the information gets into the wrong hands. Cybercriminals are always looking for financial information such as tax documents, bank account details, credit card details, etc. To protect client information and their business, bookkeepers should consider secure file sharing specifically made for sharing financial information.
