The work a finance seat does every week.
Money the business owes its vendors. AP work is receiving bills, coding them, getting approval and paying them on time.
Example and more →Money customers owe the business. AR work is sending invoices, matching payments and following up on what is overdue.
Example and more →A list of unpaid invoices or bills grouped by how long they have been open: current, 30, 60 and 90 days or more.
Example and more →Matching every line on the bank statement to a transaction in the books, so the cash balance in the books equals the cash in the bank.
Example and more →Tracking revenue and cost by job or project, so each job's profit is known. Common in construction and professional services.
Example and more →Assigning every bank and card transaction to an account in the chart of accounts, so the reports show where the money went.
Example and more →A bank account that holds money belonging to someone else, such as client funds at a law firm or deposits at a property manager. It must be reconciled to each client's balance.
Example and more →Finishing the month and the reports it produces.
Recording income when it is earned and costs when they are incurred, not when cash moves. Most growing companies and every audit need it.
Example and more →The list of every category the books use, such as rent, revenue or payroll. Every transaction is coded to one of them.
Example and more →A manual record in the books that moves an amount between accounts, used for adjustments that do not come from a bank line or a bill.
Example and more →The work of finishing a month's books: every account reconciled, adjustments booked, and financial statements produced. Good practice is to finish by the 10th of the next month.
Example and more →The report that shows income minus costs for a period, ending in net profit or loss. Also called the income statement.
Example and more →What a finance hire really costs, and how long it takes.
The tax an employer pays on top of wages: Social Security 6.2% and Medicare 1.45%, plus federal and state unemployment tax.
Example and more →The full yearly cost of an employee: salary plus payroll taxes and benefits. For a $57,500 bookkeeper it is about $76,800.
Example and more →The days from opening a job to the new hire's first day. For an accounting role the median is about 90 days.
Example and more →A W-2 employee is on your payroll and you pay employer taxes. A 1099 contractor runs their own business and pays their own. How the work is controlled decides which one someone is.
Example and more →Words we use on this site, explained once.
Our term. When the agents take hours of a dedicated person's week, we buy those hours back and they come off your bill that month as a credit line.
Example and more →Our term. A monthly breakdown of who did what in your seat: the hours of work the agents did and the hours the person did, task by task.
Example and more →Software that does a routine task end to end, such as matching bank lines or entering bills, instead of suggesting it. In our model a person checks every result.
Example and more →No term matches that. Try a shorter word, or ask us to add it.
Pick the role and leave your work email. We find your posting from your company and send you matched candidates, free.
