Full Charge Bookkeeper Job Description Updated for 2025

The “full charge” part means you’re not just doing the tasks—you’re managing the whole process. Our bookkeepers often supervise support staff, helping ensure everything runs smoothly and deadlines are met. This role is hands-on, client-facing, and a great fit for someone who thrives with variety and ownership in their work. EcomBalance handles your bookkeeping and sends you a Profit and Loss Statement, Balance Sheet, and Cash Flow Statement by the 15th of each month. EcomBalance also has a sister company, AccountsBalance, that caters to agencies, software companies, coaches, and other online companies. Because of this, employers often prefer candidates who have attained a higher degree in a relevant or related field.

Understanding Projected Benefit Obligation in Accounting

Other valuable skills to look for include problem-solving abilities, excellent communication skills, and a proven ability to maintain confidentiality. A Certified Bookkeeper (CB) designation from the American Institute of Professional Bookkeepers can also enhance job prospects and showcase a candidate’s competence and dedication to the role. A Full Charge Bookkeeper typically works for small to medium-sized companies across various industries.

Proactive advisors & accountants who understand your challenges.

It is precisely for tasks like these that a full-charge bookkeeper comes to the rescue. Think of this person as your financial Swiss army knife—equipped with the tools to manage everything from bookkeeping services for SMEs to accounting services and everything in between. Although some full-charge bookkeepers are also qualified bookkeepers with additional certifications or qualifications, their primary focus remains on day-to-day bookkeeping and accounting tasks. If you’re just starting out with your small business, you’ll probably be satisfied with the services of a regular bookkeeper.

Full Charge Bookkeeper Job Description

No matter how much bookkeeping and accounting duties might differ, a full service bookkeeping job combines some features of both. However, that “full charge” part implies that something more is also included in the package. And it is because a full-charge bookkeeping service provides some extra services that typically fall under accounting. If you think bookkeeping is just data entry and balancing checkbooks, think again. A full charge bookkeeper handles much more—and at KRS CPAs, this role is central to how we help clients stay sharp, organized, and ready for whatever comes next.

A bookkeeper must be adept at using financial reporting software to streamline this process. Software like QuickBooks, Xero, or Sage can automate many reporting functions, allowing bookkeepers to focus on analysis and interpretation rather than manual data entry. These tools provide real-time data access, which is invaluable for timely decision-making. By leveraging technology, bookkeepers can enhance efficiency and accuracy, ensuring that reports are comprehensive and timely. A full charge bookkeeper is essential for managing an organization’s financial health. As businesses seek efficient financial management, these professionals are key to maintaining accurate records and smooth operations.

• In addition, the person has to have expert knowledge of bookkeeping and accounting systems, a good eye for minute details, and excellent skills in project management.
• These financial wizards help maintain a business’s economic health and stability.
• This will help you to better understand the day-to-day responsibilities of the role and give you a leg up when it comes time to interview for the job.
• Also, unlike accountants, full charge bookkeepers generally do not provide tax planning advice or act as financial advisors.

What are the three types of bookkeeping?

• They primarily handle basic bookkeeping tasks such as tracking transactions, creating financial statements, and recording cash receipts.
• Bookkeeping is typically entrusted to a junior and less experienced member of your business.
• A Full Charge Bookkeeper is a professional managing all the financial records like tax returns or financial statement preparation of small or mid-sized companies.
• Escalon and its affiliates are not providing tax, legal or accounting advice in this article.

They usually have a bachelor’s degree in accounting or a related field and often pass an exam to get a certification and become certified public accountants. The full-charge bookkeeper job description goes beyond the usual responsibilities that typical bookkeepers have. Like regular bookkeepers, they keep records of finances, bank transactions, income and expenses, create monthly or weekly statements, and run payroll and timesheets. FC bookkeeping is a term that refers to professionals who are fully responsible for a small or medium-sized business’s full-cycle accounting and bookkeeping needs.

Creating a budget involves outlining expected income and expenditures, which requires a comprehensive understanding of the organization’s financial landscape. Bookkeepers must collaborate with various departments to gather relevant data and ensure that the budget aligns with the organization’s objectives. Forecasting, on the other hand, involves projecting future financial performance based on current trends and assumptions. This process requires bookkeepers to be adept at identifying patterns and potential risks, allowing for proactive adjustments to financial strategies. Engaging tools like Microsoft Excel or more sophisticated platforms like Adaptive Insights can facilitate these tasks, providing dynamic models that adjust to real-time data. Full charge bookkeepers are responsible for handling all the accounts of a small to medium-sized business.

Their role often extends to budgeting and financial forecasting, where they analyze financial data to provide insights on business performance and guide future financial decisions. They are responsible for managing all the financial records of a business, from entering invoices for payment, to creating financial reports at the end of the year. They are in charge of ensuring accuracy in data entry, reporting and financial record keeping. A controller is a person capable of generating detailed financial reports at regular intervals and supervising a typical bookkeeper in their work. A full charge bookkeeper manages all aspects of financial aspects, including taxation. Moreover, the controller can exert influence over future transactions and even initiate expenses if given power, unlike the full charge bookkeeper.

What Is Full Charge Bookkeeping? Everything You Need To Know About the Job

These insights aid business owners and stakeholders make informed decisions and strategic choices. In financial management, full-charge bookkeeping is crucial in maintaining accurate and up-to-date financial records for businesses. This comprehensive approach encompasses various responsibilities that go beyond traditional bookkeeping tasks.

This will give you the foundational knowledge you need to be successful in this role. Additionally, try to get experience working in an accounting or bookkeeping role prior to applying for a Full Charge Bookkeeper position. This will help you to better understand the day-to-day responsibilities of the role and give you a leg up when it comes time to interview for the job. Finally, make sure to brush up on your GAAP knowledge – as this will be critical in ensuring that your company’s financial records are accurate and compliant.

The main difference is that full charge bookkeepers are not expected to work with audit and tax reports or act as financial advisors. For such matters, they would still seek external assistance from experts full charge bookkeeper in SME and consumer goods accounting services such as controllers or certified public accountants. Embarking on the transition requires a readiness to handle a wider array of bookkeeping and accounting responsibilities. This includes managing everything from day-to-day financial transactions to preparing detailed financial statements and overseeing tax preparations. They are often engaged by growing businesses that cannot handle all the financial tasks on their own. The biggest difference between in-house bookkeepers and full charge bookkeepers is the extent of their duties.

If you have the ability, you can promote from within with a bit of extra training. As mentioned, everything done by professional bookkeepers is included, plus some extras. So let’s see what the basic duties of a full charge bookkeeper are, so you can have a better idea if that is what your business needs are. You’re helping businesses stay financially healthy and giving them the insight they need to make smart decisions. And at KRS, you’ll be part of a team that values your input and gives you room to grow.

The preparation and filing of tax returns demand meticulous attention to detail. Bookkeepers must compile comprehensive financial records to ensure that all income, deductions, and credits are accurately reported. Errors in tax filings can lead to audits or penalties, making precision paramount. Many bookkeepers utilize tax software like TurboTax or H&R Block to streamline this process, ensuring that calculations are accurate and deadlines are met. These tools often include features that help identify potential deductions or tax credits, providing financial benefits to the organization. For full charge bookkeepers, it involves more than calculating wages; it encompasses ensuring compliance with labor laws, managing deductions, and maintaining accurate records for auditing purposes.

This helps prevent errors and detect potential fraud, safeguarding the organization’s financial integrity. This task demands analytical skills and the ability to scrutinize financial data thoroughly. Great accounting is the foundation for great financial strategy for all sized organizations.

Think of full charge bookkeeping as a mix between traditional bookkeeping and accounting. You must handle day-to-day bookkeeping tasks along with full-cycle accounting duties. In summary, full-charge bookkeeping encompasses a wide array of responsibilities that impact not only financial record-keeping but also the overall success of a company. As challenges arise, embracing technology, fostering communication, and adopting proactive strategies enable full-charge bookkeepers to excel.

Unlike regular bookkeeping, which may focus on specific tasks like data entry or maintaining ledgers, full-charge bookkeeping entails a broader set of responsibilities. It encompasses financial analysis, payroll management, reconciliation, and generating financial statements. 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.