What is a Bookkeeper?
A bookkeeper is a professional who performs financial record keeping for companies and organizations. Bookkeepers are responsible for maintaining financial records, ensuring accurate data entry into the organization’s accounting system, and producing financial statements such as income statements, balance sheets, and cash flow statements. Bookkeepers may also be responsible for reconciling bank accounts, preparing invoices and deposit slips, and verifying expense reports.
Educational Requirements
The educational requirements for becoming a bookkeeper vary from employer to employer. Many employers require bookkeepers to have an associate’s degree or higher in accounting, finance, or business. However, some employers may accept candidates with a high school diploma or equivalent and on-the-job training. Most bookkeepers complete a formal training program or certification course to become proficient with the tools and techniques used in the profession.
Skills and Qualities Needed
In addition to the educational requirements, bookkeepers must possess certain skills and qualities to be successful. They must have strong analytical and problem-solving skills to be able to identify and resolve discrepancies in financial records. Bookkeepers must also be detail-oriented and have the ability to accurately enter financial data into accounting systems. Further, bookkeepers must be proficient with basic computer programs such as Excel, QuickBooks, and other accounting software programs. Communication, organizational, and time management skills are also important for bookkeepers to be successful.
On-the-Job Training
Most employers provide on-the-job training to new bookkeepers. This training generally consists of learning the organization’s accounting system, understanding the company’s financial policies and procedures, and understanding the company’s internal control procedures. During this training period, the bookkeeper will be expected to learn how to perform their job duties accurately and efficiently. It is important for the bookkeeper to be able to follow instructions, ask questions, and take feedback in order to be successful.
Career Advancement
Bookkeepers can advance their careers by obtaining additional certifications or completing higher levels of education. Many bookkeepers choose to pursue a bachelor’s degree in accounting, finance, or business. This additional education can open the door for advancement opportunities such as becoming a supervisor or manager, a controller, or even a chief financial officer. Additionally, many organizations offer certification programs for bookkeepers that can help them increase their knowledge and skills.
Salary and Job Outlook
According to the Bureau of Labor Statistics, the median annual salary for bookkeepers in 2019 was $40,240. The job outlook for bookkeepers is expected to be positive, with a projected job growth of 9% between 2019 and 2029. This growth is largely due to the increasing need for bookkeepers in the corporate and nonprofit sectors.
How to Find a Job as a Bookkeeper
Finding a job as a bookkeeper requires a combination of education, skills, and experience. The best way to find a job is to start by networking with people in the accounting and finance industries. Additionally, job seekers should search for job openings on job boards such as Indeed, Monster, and Glassdoor. They should also consider creating a profile on LinkedIn to increase their visibility to potential employers. Finally, job seekers should prepare a well-written resume and cover letter that highlights their skills and experience.
Conclusion
Becoming a bookkeeper requires a combination of education, skills, and experience. Bookkeepers must have a strong understanding of financial records and be proficient with basic computer programs. Additionally, they must possess strong analytical and problem-solving skills. With the right qualifications and training, bookkeepers can open the door to career advancement opportunities in the accounting and finance industries.