Full Charge Bookkeeper How to Hire for Your Business

In the fast-paced world of entrepreneurship and business ownership, maintaining accurate financial records is a non-negotiable task. Even though we’ve gone through the main full charge bookkeeping responsibilities, let’s delve deeper into how an FC bookkeeper’s career differs from that of an accountant. Your earnings could differ based on factors like location, experience, education, certifications, the client’s size, and whether you work in-house.

Additionally, these bookkeepers may be required to collaborate with accountants at times. That is almost certainly true if the company does business internationally. While full charge bookkeepers mostly deal with maintaining the ledger, they also perform full-cycle accounting duties in the company. Generally speaking, accountants analyze the financial data gathered by bookkeepers. Even though they are not as well-paid as accountants, full charge bookkeepers definitely earn more than regular bookkeepers.

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In this role, you may help prepare financial statements and tax returns for your employer, who then submits them to a CPA for review or auditing. Knowing what is included in full charge bookkeeping services makes you aware that a degree, skills, and certifications sometimes aren’t enough. Due to the higher level of responsibilities that FC bookkeepers have, some employers insist that candidates have prior bookkeeping and accounting experience.

For success in this role, you should also have strong communication, organization, and attention to detail skills. The largest numbers of bookkeepers are employed in high population states full charge bookkeeper like California, Texas, Florida, Illinois, and New York. The highest wages for bookkeepers are offered in the states of Washington, D.C., Alaska, Connecticut, California, and Massachusetts.

What Is a Fractional Bookkeeper? Definition & Examples

A full charge bookkeeper handles all of the accounting needs of a company, including the preparation of financial statements. The role is most often found in small to midsize companies that don’t need an accountant or controller. A full charge bookkeeper can handle a wide range of financial tasks for your business, including managing accounts payable and receivable, reconciling bank statements, preparing financial statements, and managing payroll. They can also help with budgeting and forecasting, tracking expenses, and ensuring compliance with tax laws and regulations. By taking care of these tasks, a full charge bookkeeper can help you stay organized and financially stable, allowing you to focus on growing your business. The job of a bookkeeper is different from the job of an accountant because accountants almost always have a bachelor’s degree.

They are often engaged by growing businesses that cannot handle all the financial tasks on their own. Full charge bookkeepers, on the other hand, are able to analyze financial statements, offer consulting services, and do some internal auditing and tax preparation. However, as they are not certified public accountants, the company would often need to consult a certified public accountant for external audits and tax returns. These full service bookkeeping duties could include data entry of accounts payable invoices and preparing bank deposits. The full-charge bookkeeper job description goes beyond the usual responsibilities that typical bookkeepers have.