Responsibilities and duties Manage all day-to-day bookkeeping and accounting processes, including A/P, A/R, payroll, journal entries, and bank reconciliation in QuickBooks. Generate accurate monthly financial reports, including income statements, cash flow statements, and balance sheets using QuickBooks.

Bookkeeping is definitely tedious since the bookkeeper needs to manage financial information both in digital and physical platforms, but the job becomes much more difficult if the person-in-charge is not cultivating healthy habits that allow them and their team to keep things organized.

Here's an easy way to think about it—bookkeepers lay the groundwork by recording financial transactions so that accountants can analyze financial statements and provide strategic recommendations.

"A bookkeeper records the financial transactions of an organization and takes care of day-to-day functions such as recording sales and invoices, paying bills and processing payroll," Stephens said. "Accountants take the financial data and analyze it to help organizations make financial decisions."