In some cases, bookkeepers are also the ones who handle payroll, which is the process of paying a company's employees. ... Bookkeepers must also keep payroll records for each employee, however much of this is now automated with payroll software.

Is bookkeeping and payroll the same?

Many people often use the terms accounting, payroll, and bookkeeping interchangeably. Yes, all three terms are related, but they are actually quite different from one another. ... As an accounting firm, we hope to answer some questions that we are often asked by new clients.

What doesn't a bookkeeper do?

Bookkeepers are responsible for maintaining the financial records of a business or company, monitoring transactions, updating statements and ensuring accuracy in addition to producing financial statements and other reports for management and supervisors.