What does a Payroll Processor do?

A Timekeeper works in various industries and organizations and is typically hired as the acting liaison between payroll coordinators and employees. This is to make sure the pay distribution process runs smoothly. As a timekeeper, you will be required to maintain an accurate track of the total number of hours worked for payroll purposes. This involves compiling payroll data from timesheets, computing wages, including the removal of taxes and social security withholding, and putting it into the computer system.

There are some key differences in the responsibilities of each position. For example, payroll processor responsibilities require skills like "customer service," "process payroll," "w-2," and "excellent organizational." Meanwhile a typical timekeeper has skills in areas such as "per diem," "turnaround," "purchase orders," and "office equipment." This difference in skills reveals the differences in what each career does.

An accounting administrator is responsible for reviewing and analyzing account statements, managing deposits, and resolving bank discrepancies and financial disputes. Accounting administrators handle the efficient and accurate cash flow within an organization, including payroll release and filing of petty cash. They maintain an organized record of payments and billing statements for reference and audit purposes to generate reports for the management. An accounting administrator must have extensive knowledge of the accounting principles, as well as excellent communication and analytical skills to perform duties effectively, even under minimal supervision.

Each career also uses different skills, according to real payroll processor resumes. While payroll processor responsibilities can utilize skills like "kronos," "process payroll," "excellent organizational," and "payroll data," accounting administrators use skills like "purchase orders," "credit card payments," "general ledger accounts," and "vendor invoices."

An accounts payable clerk is responsible for supporting the accounting department by performing clerical duties to file financial reports timely and accurately. Accounts payable clerks manage and verify invoices documents, reconcile balance spreadsheets, process payments for suppliers and vendors, resolve billing discrepancies, confirm and post account statements, record outstanding credits, and maintain an organized record of transactions. An accounts payable clerk must have excellent knowledge of the accounting principles to deliver high-quality services and help the business minimize excessive financial loss.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a payroll processor is likely to be skilled in "payroll system," "kronos," "human resources," and "process payroll," while a typical accounts payable clerk is skilled in "purchase orders," "vendor invoices," "vendor statements," and "payroll."

A full charge bookkeeper's primary job is to manage and handle all the accounts of a small or medium-sized business. They are responsible for overseeing the accounting duties for a company, including billing customers, preparing bank statements and tax returns, and processing timesheets. Also, a full charge bookkeeper collates and enters vendor expenses, maintains the ledger's accuracy, and process accounts receivables. There are specific requirements you should meet to become a successful full charge bookkeeper, such as having a bachelor's degree in accounting, previous work experience as a charge bookkeeper, and bookkeeping certification.