Bookkeepers aren’t just good with numbers; they also take care of things like keeping track of who owes money (accounts receivable) and making sure paychecks are correct when they’re handed out. They’re the ones who work on financial statements that show how well a business is doing. In this section, we’ll dive deep into the responsibilities of bookkeepers and uncover the extent to which they are involved in the payroll process. Let’s demystify the connection between bookkeeping and payroll and explore the ways in which bookkeepers contribute to this essential aspect of business operations. Accountants use the records a bookkeeper provides and their own expertise to help build budgets, assess finances, and make business decisions. Accountants have higher education requirements and may have training in bookkeeping roles.

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• This creates an audit trail for how money enters and exits the company.
• According to BLS data from May 2021, the top 10% of bookkeepers earned median base salaries of $61,980 per year.
• Bookkeepers aren’t just good with numbers; they also take care of things like keeping track of who owes money (accounts receivable) and making sure paychecks are correct when they’re handed out.
• After completing your education, you can seek an internship and get on-the-job training to become a bookkeeper.

Zenefits has a comprehensive set of tools for organized and manageable monitoring of employee benefits. It has expanded features that cater to medical benefits, dental benefits, vision benefits, life benefits, disability benefits, loans, savings, and even commuter benefits. This expanded feature makes it ideal for bookkeepers looking for more specialized software that can handle complex needs for the provision of benefits. Gusto is a solid software with intuitive payroll tools that can swiftly organize payroll tasks and processes.

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Moreover, QuickBooks Pro offers a no-penalty guarantee to all its users. This guarantee is possible through a dedicated in-house pool of experts that QuickBooks Pro assigns to each of its users. Hence, bookkeepers will really feel that they have extra hands helping them. Furthermore, it’s a top favorite among bookkeeping and payroll services bookkeepers as it has an outstandingly simple user interface that streamlines bookkeeping processes and speeds up payroll transactions. When looking for a certified bookkeeper, first decide if you want to hire an independent consultant, a firm or a full-time employee if your business is large enough.

Namely also has expanded tools for employee profiles that accelerates the tracking and monitoring of employee salary, benefits, attendance, and leaves. Namely integrates with numerous third-party apps like NetSuite, Jazz, Radius, and TSheet. Gusto integrates with third-party apps like BambooHR, QuickBooks, Xero, When I Work, and Kin. Gusto is available in the market for $39/month with an additional $6/month per employee.