Despite its name, a book keeper is usually not an employee of the library industry. Although libraries do need book keepers as well. Book keeping is a practice similar to accounting, although no college degree is needed for the profession. Here are some key details of the trade.

Book Keepers Work With More Current Finances

Accountants deal with large-scale finances while book keepers deal with more daily, transactional matters. There are tasks that only accountants are trained to do, but the book keeping profession is just as concrete in its own tasks. The accountant services at Van Valkenburg and Associates deal more with your current financial situation, rather than creating financial reports for the future.

They Manage Income And Cash Flow

A book keeper works directly with sales and corporate teams to stay on top of the balances in income and cash acquisitions. In this way, the book keepers are like financial planners for businesses. Whether a team needs a trained accountant or a book keeper is up to the business in question and the needs they have to meet. Book keepers may oversee the income of sales that come into the company which may help create a budget as well as the payroll information for employees, which actually makes up 25% of their position, according to Capital Counselor.

Book Keepers Are Always A Better Choice Than Software

Many companies are choosing to go with book keeping software because that means one or two fewer people that have to be paid wages. Book keepers can keep your finances transparent and alert you in real-time if something goes wrong, or if payments have not been processed. Many book keepers are invaluable to startup small businesses who want to experience growth early in their careers. Having another pair of hands and eyes within the company is always a benefit.

Navigating taxes, income, revenue, and budgeting can add a lot of stress to small business owners who also work at their company. Entrusting a book keeper with these tasks can take a load off your back and put you in a better situation to be present with customers and rake in a load of profit. If you're in the Grand Rapids, MI area, check out Van Valkenburg and Associates today!