Types of Positions
As the name implies, a bookkeeper manages our client company’s books (meaning its financial records). Daily activity is likely to include recording financial transactions (such as checks written and received); managing accounts payable and receivables (invoices and statements; collections; reconciling bank statements; updating the trial balance, profit-and-loss statement and balance sheet; managing payroll; making federal and state tax deposits; producing quarterly and annual payroll reports and completing annual tax forms, such as W2s and 1099s.
Licensed Tax Preparer
Prepares income tax return forms for individuals and small businesses. Reviews financial records, such as prior tax return forms, income statements, QuickBooks files and documentation to determine forms needed to prepare return. Interviews client to obtain additional information on taxable income and deductible expenses and allowances. Consults tax law handbooks or bulletins to determine procedure for preparation of atypical returns. Creates tax return utilizing tax preparation software. Occasionally reviews returns prepared by others to detect errors of tax law or procedure. Presents completed return and preparation fee according to complexity of return and amount of time required to complete the return.