We're all familiar with a bookkeeper's fundamental responsibilities, which include keeping track of payables and receivables and documenting all of your company's financial activities. This work appears to be straightforward, but there's a lot more to it than meets the eye.
A full-service bookkeeper may also handle payroll, deposits, financial reporting, and the ever-changing world of sales taxes, as well as quarterly taxes and withholdings. Bookkeepers can also aid with internal or IRS audits by reconciling bank statements to internal accounts.
You'll need the help of a full-charge accountant to acquire a company loan, answer an auditor, or just construct next year's budget and business plan.
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