I would like to know all that is involved in bookkeeping, can anyone help please?

Question

Bookkeeping

The task of recording amounts, dates and sources of all business revenue, gain, expense and loss transactions; the starting point of the accounting process.

Maintaining records of the financial transactions of a business including details and copies of invoices and receipts, bank statements and other paperwork required for accounting purposes.

Bookkeeping
· Process payroll
· Process accounts payable and receivable
· Maintain a general ledger
· Prepare financial reports

Ok I know this much, but I was wondering if anyone could expand on this, go into detail and explain just how things are done, and the process of how to go about it. It would be good, if you were a bookkeeper if you could run through your day of work, or the things you need to do each week. I would be very happy and thankful if you did.

Thankyou

Answer 1

You might start your research here: http://www.dwmbeancounter.com/tutorial/lesson01.html If that doesn't answer your questions, consult with Marion Webster.

Answer 2

That's a lot to answer in this format - you should take a class - there's major consequences if you do it incorrectly .... especially if you file taxes or do your payroll incorrectly. The consequences could affect employees and whether or not they get a return. You need the help of a professional.

Answer 3

This site should be able to give you details.