What should a bookkeeper know?

Bookkeepers should know the following:

• Duties and responsibilities of a bookkeeper
• Understanding financial transactions
• How to process transactions, receipts and payments
• Bookkeeping processes
• How to execute the principles of double-entry bookkeeping
• Journals, control accounts and trail balances
• Preparation of financial statements for SMEs
• VAT legislation and how to report on VAT

Laura Ward

International Partnerships Manager. AAT

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