The video talks about bookkeeping services and what they are. A small business owner might need help with some of the operational and office tasks, and a bookkeeper might be just what that person needs.
Some tasks of a bookkeeper include recording cash receipts and performing limited accounts payable and accounts receivable services.
These light bookkeeper services will usually not involve account reconciliations and financial statement preparation. However, someone who is a full-charge bookkeeper would provide all of those additional services for the client. Full-charge bookkeepers are independent workers. They are not employees, and they do not have to work every day for the business. Full-charge bookkeepers may not be responsible for payroll taxes, either. However, full-charge bookkeepers are usually responsible for preparing the business’s financial statements. Those financial statements can be quite cumbersome and lengthy.
An independent bookkeeper may be best for a business because of that person’s invested interest. Bookkeeping employees may not have that same level of interest in looking out for the company the same way an independent person would.
A bookkeeper can work one of many types of schedules. This person can work monthly, quarterly, or annually, depending on the needs of the business.