TEACHING ASSISTANT QUALIFICATIONS

Bookkeepers play an important role in maintaining financial records, but they have some limitations as well. Some things that bookkeepers cannot do include:

• - Provide legal or tax advice: Bookkeepers are not licensed to provide legal or tax advice, so they cannot make decisions about your business's legal or tax obligations.
• - Guarantee accuracy: While bookkeepers are trained to be accurate, mistakes can still happen. They cannot guarantee the accuracy of financial records, and it is important to have a certified accountant review the records periodically to ensure accuracy.
• - Prepare financial statements: Bookkeepers can provide financial information and keep records up-to-date, but they cannot prepare financial statements or provide an opinion on the accuracy of financial statements.
• - Make financial decisions: Bookkeepers can provide financial information and reports, but they cannot make financial decisions on behalf of the business. These decisions are typically made by the business owner or a higher-level financial professional.
• - Oversee internal controls: Bookkeepers are not responsible for ensuring that internal controls are in place, such as those related to fraud prevention or financial reporting.

In summary, bookkeepers are an important part of maintaining financial records, but they have some limitations, and their role should not be confused with that of a certified accountant or financial advisor.