What does a bookkeeper do on a daily basis?

A bookkeeper records financial transactions, reconciles company or client accounts, and drafts financial reports on a daily basis. Here is a closer look at these common daily activities of a bookkeeper:

• Records financial transactions. Bookkeepers conduct payroll, manage investments and expenses, and account for internal finances including transaction data, invoices, company expenses, and other key financial activities. Bookkeepers must document all these transactions and activities on a daily basis.
• Reconciles company or client accounts. Bookkeepers must reconcile company and client financial accounts. This could include credit card or other spending accounts, and involves comparing transactions that are recorded in the accounting system with those recorded by the credit card company or bank.
• Drafts financial reports. Bookkeepers must prepare and draft financial reports and statements. This includes balance sheets, profit and loss statements, and cash flow statements. These documents provide an overview of the financial health of an individual client or a company, and are an essential aspect of a bookkeeper's daily tasks.