Your Guide to Full Charge Bookkeeping

what is a full charge bookkeeper

Some employers are willing to hire people who don’t have any previous experience in bookkeeping and instead provide on-the-job training (OJT). It’s always a good idea to do some level of onboarding regardless of a hire’s past experience. Full-charge bookkeepers get involved in client accounts and help manage each accounting cycle beyond basic bookkeeping functions. Their skills can be invaluable for businesses hoping to get a better handle on accounting and become more involved in financial reviews and analyses commonly performed by business accountants.

Let’s review your bookkeeping needs and explore the duties of more comprehensive positions, including full-charge bookkeeping. Full charge bookkeeper duties include preparing the balance sheet and income statement at the end of the month. They are run after the books are closed and are submitted to a CPA to verify accuracy and then to the owners or management to apprise them of the financial health of the company.

Understand the total hourly compensation opportunity for a Full Charge Bookkeeper, hourly wage plus other pay elements

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. Full charge bookkeepers are responsible for handling all the accounts of a small to medium-sized business. They hold more responsibility than a regular bookkeeper and report directly to the company owner or financial manager. We’re seeking a dedicated Full-Charge Bookkeeper to manage our company’s finances. In this position, you will be in charge of overseeing the company’s whole accounting cycle.

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The role of a full charge bookkeeper in a small business is more complex than that of a regular bookkeeper and carries more responsibility. 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.

Job Profile: Full Charge Bookkeeper

A Full Charge Bookkeeper is highly experienced and oversees all aspects of a company’s bookkeeping and financial reporting. In contrast, a regular Bookkeeper typically focuses on performing daily transactions and maintaining financial records. Full Charge Bookkeepers may also have more advanced accounting qualifications and be able to handle complex financial tasks independently. We are looking to hire an experienced full charge bookkeeper to handle our company’s accounts. In this role you will be responsible for managing the full cycle of accounting duties for the company.

What’s the difference between a full charge bookkeeper and a bookkeeper?

A full charge bookkeeper has a lot more oversight over your general ledger than a regular bookkeeper. One major difference is they prepare and enter journal entries for fixed assets and depreciation. Your full charge bookkeeper will also run a trial balance each month to ensure general ledger accounts are in balance.

A full-charge bookkeeper is the same as a bookkeeper, except that the “full charge” part of the title designates the person as being solely responsible for accounting. This means that the full charge bookkeeper reports straight to a senior manager, such as the president, and may interact directly with the company’s board of directors and auditors. The position can be assisted by an outside CPA who advises on how to record certain of the more complicated business transactions. For example, a billing clerk, payables clerk, or payroll clerk may report to the bookkeeper. A full-charge bookkeeper is a person who does accounting and bookkeeping for a company, usually a small or medium-sized corporation. The phrase “full charge” refers to the fact that these bookkeepers are responsible for all aspects of the company’s accounting.

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Degree and Education Requirements

Full-Charge Bookkeepers are highly motivated; they are self-starters that have the ability to prioritize, multi-task, problem solve and make reasonable administrative decisions based on company policies and practices. This position generally reports to the President, Owner or the highest level management position in the company. These full service bookkeeping duties could include data entry of accounts payable invoices and preparing bank deposits. A full charge bookkeeper is responsible for all aspects of a company’s financial record-keeping, including accounts payable, accounts receivable, payroll, and financial reporting. They may also be responsible for managing inventory and preparing tax returns.

These positions are more likely to be found in smaller to mid-size organizations where interaction with the President or owner may take place daily. Therefore, good people and communication skills, and the ability to work with a diverse staff and vendors is a strong plus. A Full Charge Bookkeeper is a financial professional responsible for managing all aspects of a company’s bookkeeping, including accounts payable and receivable, payroll, and financial reporting. As an important backbone within the financial realm of a company, a Full Charge Bookkeeper holds a position of significant responsibility. Consequently, the salary range for this role typically falls between $35,000 and $55,000 per annum.

Bookkeeping Job Description

More complicated roles tend to require more training, so you’ll need to source candidates carefully. Some companies find their own in-house bookkeepers can fill the role with a little extra training. Either way, a good first step in the process is to secure a provider of outsourced accounting and bookkeeping services to help fill these demands. And while a full-charge bookkeeper will eventually supervise these roles, you’ll need to make sure you’re appropriately staffed to fill the void this promotion leaves behind.

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what is a full charge bookkeeper

Give our experts at PAS Consulting LLC a call today to see if our services would be a good fit for your business goals. Full charge bookkeepers should have a strong history of accounting and bookkeeping https://www.bookstime.com/articles/truckers-bookkeeping-services experience to understand the ins and outs of managing a small business’ finances. After all, they’ll be solely responsible for the finances, so they need to really understand what they’re doing.

Frequently asked questions about Full Charge Bookkeeper

Their skills need to be integrated effectively into your existing bookkeeping processes. Many companies find outsourced bookkeeping solutions, like CFOshare, to be less disruptive what is a bookkeeper to their existing staff. An outsourced hire can fill talent gaps while you decide if promoting within or hiring full-time in the future will continue to foster growth.

  • They also assist management in making decisions by interpreting the balance sheet and profit and loss statements.
  • This means that the full charge bookkeeper reports straight to a senior manager, such as the president, and may interact directly with the company’s board of directors and auditors.
  • A full charge bookkeeper’s pay rate can also go higher for hourly freelance work versus guaranteed weekly or monthly salaries.
  • Proficiency is fundamental for full charge bookkeepers who manage all the accounting work done in a company.
  • As an important backbone within the financial realm of a company, a Full Charge Bookkeeper holds a position of significant responsibility.
  • Many companies find it easier to simply outsource a full-charge bookkeeper in the interest of maintaining internal staff consistency.

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