What financial reports can a bookkeeper prepare
The core responsibility of a bookkeeper is to document and manage all financial transactions of a business. These financial transactions can include sales, purchases, credit card charges, invoices and wages. Accurately documenting such information may provide business managers and owners with an understanding of their company's financial health, spending habits and expense budget of a business The bookkeeper will record financial data into general ledgers, which are used to produce financial reports and statements. Keep reading to see what financial reports a bookkeeper can prepare for a business. Balance sheet A balance sheet is a formal document that summarises the company's financial balances. The document will report on the company's assets, liabilities, equity capital and total debt, which provides a snapshot of the business's financial position. Cash flow statement The name says it all! A cash flow document keeps track of any cash inflows a company receive...