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Simple English definitions for legal terms
bookkeeper
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A quick definition of bookkeeper:
A bookkeeper is someone who keeps track of a company's money. They write down how much the company spends and earns, and keep track of receipts and other important financial information. Bookkeepers work with accountants and are supervised by the Securities and Exchange Commission (SEC).
A more thorough explanation:
A Bookkeeper is a person responsible for keeping track of a company's financial records. They record all the financial transactions of the company, including expenses, earnings, profits, losses, and receipts. Bookkeepers work closely with accountants to ensure that the company's financial records are accurate and up-to-date.
- A bookkeeper for a small business might record all the sales and expenses in a spreadsheet.
- A bookkeeper for a large corporation might use specialized accounting software to manage the company's financial records.
These examples illustrate how bookkeepers are responsible for keeping track of a company's financial records, regardless of the size of the company. They use different tools and methods to record financial transactions, but their ultimate goal is to ensure that the company's financial records are accurate and up-to-date.