If you've always wanted to work in the bookkeeping profession, now is the time to consider making this your career. The benefits of the profession are many. This profession is a great way to make a good living and perform a variety of jobs. The following article will give you an overview of the job duties, education requirements, and career advancement. Bookkeeping is a great career choice, regardless of whether you want to work in the accounting field or in an office setting.
Job duties
The job duties of a bookkeeper involve recording financial transactions and posting them to accounts. They also keep track of key accounting records and the ledgers. The job description of a bookkeeper should include time and organisational management skills. This job is a great way to get into higher positions in the accounting profession and can give you experience with many aspects of the function. A certificate program is a great way to get started in bookkeeping.
Bookkeepers get paid an hourly wage, which works out to about $20 per hour. This is approximately $40,000 per annum, assuming they work 40 hours a week. Bookkeepers are often paid 1.5 times the average hourly wage for working overtime. Bookkeepers are often required to work additional hours during tax season. The requirements for education are different depending on the employer. While there are no set educational requirements, most employers prefer to hire candidates with some postsecondary education.
Salary
There are a number of benefits associated with being a bookkeeper, including a high level of job security. While bookkeeping jobs can not be glamorous, the compensation is often fair for the work. This profession requires working with raw data and a good understanding of the business. If they work hard, bookkeepers have the potential to rise to a higher position in business or accounting. The table below displays the hourly average wage for bookkeepers.
A bookkeeper salary in the United States can range anywhere from $30,000 to $60,000 per annum, but this will depend on the company, whereabouts and experience of the candidate. The United States Bureau of Labor Statistics predicts that bookkeeping jobs will decrease by about 2% by 2022, but the Robert Half Salary Guide points out that demand will remain steady or increase in certain industries. The median annual cash compensation for bookkeepers is estimated to be $45,685 per annum, which is roughly the same as that for computer engineers.
Education required
The career of bookkeeper can be very flexible. Bookkeepers can hold a bachelor's degree or an associate's degree. However, a high school diploma is enough. This degree gives bookkeepers the basic math, writing, communication, and management skills they need to succeed in this field. It can also help them improve their management and time management skills. You can either work as a bookkeeper on a freelance basis, or in a company that requires certain skills.
Employers are increasingly turning to certification. Employers are increasingly looking for bookkeepers who have higher-level skills. Certification also indicates that they are committed to continuing their education. Earning a certification, like the Certified Bookkeeper, shows that a certified bookkeeper is knowledgeable about the latest software and processes. Certifications also increase a bookkeeper's marketability. Employers also see it as a sign that the person is committed to the profession.
Career progression
There are many career opportunities in bookkeeping, starting as a freelancer and ending up as a certified public accountant. This profession has many benefits, including flexible hours, regular work hours, holiday pay, and other benefits. You also have the option of becoming self-employed to determine your own rates. You can also train to become an accountant or a manager accountant if you need more flexibility with your work hours.
After completing an online course, you can start work as an entry-level bookkeeper or pursue higher education in accounting or business administration. You will need to pass a certification exam during your training. This could be the AIPB Certification Exam or the NBA Uniform Bookkeeper Certification Examination. You might be eligible to apply for a job in bookkeeping supervisor depending on your education and work experience.
FAQ
What do I need to start keeping books?
You will need a few things to begin keeping books. You will need a notebook, pencils and calculators, a printer, stapler, pen, stapler, envelopes and stamps, as well as a filing cabinet or drawer.
What should I do when hiring an accountant?
When hiring an accountant, ask questions about their experience, qualifications, and references.
You need someone who has done it before and is familiar with the process.
Ask them if you could benefit from their special skills and knowledge.
Make sure they have a good name in the community.
What is bookkeeping exactly?
Bookkeeping is the act of keeping track of financial transactions, whether they are for individuals or businesses. This includes all income and expenses related to business.
Bookkeepers maintain financial records such as receipts. They also prepare tax returns and other reports.
Statistics
- The U.S. Bureau of Labor Statistics (BLS) projects an additional 96,000 positions for accountants and auditors between 2020 and 2030, representing job growth of 7%. (onlinemasters.ohio.edu)
- a little over 40% of accountants have earned a bachelor's degree. (yourfreecareertest.com)
- BooksTime makes sure your numbers are 100% accurate (bookstime.com)
- According to the BLS, accounting and auditing professionals reported a 2020 median annual salary of $73,560, which is nearly double that of the national average earnings for all workers.1 (rasmussen.edu)
- Given that over 40% of people in this career field have earned a bachelor's degree, we're listing a bachelor's degree in accounting as step one so you can be competitive in the job market. (yourfreecareertest.com)
External Links
How To
How to do bookkeeping
There are many different types of accounting software. While some are free and others cost money, most accounting software offers basic features like invoicing, billing inventory management, payroll processing and point-of-sale. The following list provides a brief description of some of the most common types of accounting packages.
Free Accounting Software: Free accounting software is usually offered for personal use only. Although it may not have all the functionality you need (e.g., you can't create your own reports), it is easy to use. Many programs are free and allow you to save data to Excel spreadsheets. This is useful if you need to analyze your own business numbers.
Paid Accounting Software: These accounts are for businesses that have multiple employees. These accounts are powerful and can be used to track sales and expenses and generate reports. Although most paid programs require a minimum of one year to subscribe, there are many companies that offer subscriptions for as little as six months.
Cloud Accounting Software: Cloud accounting software allows you to access your files anywhere online, using mobile devices such as smartphones and tablets. This program is becoming more popular as it can save you space, reduce clutter, makes remote work much easier, and allows you to access your files from anywhere online. There is no need to install any additional software. All you need to access cloud storage is an Internet connection.
Desktop Accounting Software: Desktop Accounting Software works on your computer, just like cloud accounting. Like cloud software, desktop software lets you access your files from anywhere, including through mobile devices. However, unlike cloud, you have to install it on your computer before using it.
Mobile Accounting Software - Mobile accounting software is specially designed for small devices such as smartphones and tablets. These programs make it easy to manage your finances wherever you are. Typically, they provide fewer functions than full-fledged desktop programs, but they're still valuable for people who spend a lot of time traveling or running errands.
Online Accounting Software is specifically designed for small businesses. It offers all the functionality of a desktop program, plus some extra features. Online software has one advantage: it doesn't require installation. Simply log on to the site and begin using the program. You'll also save money by not having to pay for local office costs.