The Role of the Bookkeeper

A bookkeeper records which of the following types of information?

• Financial transactions

• Weather data

• Medical records

• Historical events

Every organisation or business needs a bookkeeper because:

• they help maintain accurate financial records.

• they manage marketing strategies.

• they oversee product development.

• they handle customer complaints.

An accountant has the power to do what that a bookkeeper does not have?

• Prepare and interpret financial statements

• Record daily transactions

• Manage payroll

• Issue invoices

The role of the bookkeeper is to record financial transactions, and large businesses separate bookkeeping work into activities to be done by different bookkeeping clerks to:

• Increase efficiency and reduce errors

• Reduce the number of employees needed

• Eliminate the need for supervision

• Combine all financial tasks into one role

Fill in the blank: The type of transactions referred to in the worksheet are _________.

• Financial transactions.

• Chemical reactions.

• Physical changes.

• Mathematical operations.

Fill in the blank: All organisations need to effectively manage their ________.

• finances.

• furniture.

• paintings.

• pets.

Fill in the blank: ________ is the power to authorise certain transactions.

• Power to authorise certain transactions.

• Power to approve budgets.

• Power to sign cheques.

• Power to appoint directors.

Fill in the blank: The reason for reducing the burden of work on bookkeepers and increasing the level of accuracy is so that one person focuses on ________.

• one type of transactions.

• all departments at once.

• multiple unrelated tasks.

• external audits only.

Match the following information with the correct function:

• 2-B

• Management

• 1-A

• Production

• 4-D

• Human resources

• 3-C

• Sales

The function that uses information about the profit or loss of the organisation is ________.

• Management

• Production

• Marketing

• Human Resources