For example, unlike a CB credential, CPB licensure requires training in QuickBooks. Entry-level employees can start as a bookkeeper to gain accounting experience, learn inventory tracking systems, and understand the flow of large volume transactions. Professionals with relevant experience can pursue roles as a should i become a bookkeeper manufacturing accounting analyst or manager. The oil and gas sector has specialized accounting rules to organize expenses, oil reserves, and taxes. Bookkeepers working in this sector should understand relevant regulations and lease agreements.

Step 3: Learn How to Use Accounting Software

Some are specifically geared toward a company’s related industry; even software is designed outside standard bookkeeping options. A course in bookkeeping or accounting is always welcome on a resume, and a certificate can be completed in 6 months to a year. Continuing education is always a good idea to fine-tune updated bookkeeping software and regulation changes. The BLS projects 6% occupational growth for accountants between 2023 and 2033, with 130,800 openings yearly. The median annual salary for accountants was $79,880 in May 2023, over $30,000 higher than that for bookkeepers. To earn the CPA credential, you need to complete a minimum of 150 hours of higher education and pass a four-part exam.

• You really can tailor the work to fit your personality as long as you have the fundamental aspects—an orientation toward numbers and detail—down pat.
• Although they have many similarities, one option might suit some candidates better.
• According to ZipRecruiter, bookkeepers made an average of $24.31 per hour as of November 2024.
• You need to be able to focus on one financial situation and not get distracted.
• NACPB and AIPB train and support bookkeepers and advocate for the profession.
• Certain aspects of bookkeeping may be difficult for some, requiring familiarity with the record-entry process and accounting software.

Types of bookkeeping

Looking for a job retained earnings can be intimidating, but there are numerous resources at your fingertips. If you have a degree or a certification, check with your school or professional organization for tips and resources. They may have a job board or professional network that could lead to opportunities. When comparing accountants and bookkeepers, know that an accountant may also be a bookkeeper. Although they have many similarities, one option might suit some candidates better.

• It is not necessary to have an accounting degree to work as a bookkeeper.
• In addition, smaller businesses may use single-entry bookkeeping, while larger businesses are more likely to use double-entry bookkeeping.
• Another promising route is specializing in a particular area of bookkeeping.
• Strong interpersonal skills can also facilitate smoother collaboration and problem-solving within a team.
• As a virtual bookkeeper, you have the unique freedom to choose who to work with.

Minimal Schooling

Individuals who specialize in this field can pursue entry-level bookkeeper and certified bookkeeper roles. Bear in mind that you also have to be self-motivated, organized, and good with time management. These are key traits you must possess and master to succeed in your Bookstime virtual bookkeeping job. As more people move to working from home, freelancing, or starting their own businesses, you may want to learn how to become a virtual bookkeeper.

• Understanding the various aspects of a bookkeeping job can be best understood by taking a course in bookkeeping as a career.
• I remember talking to the manager at my first job before they hired me.
• Cloud-based solutions have further transformed the landscape, allowing bookkeepers to access financial information from anywhere, at any time.
• A course in bookkeeping or accounting is always welcome on a resume, and a certificate can be completed in 6 months to a year.
• Bookkeepers can help these businesses keep accurate accounting records and increase efficiency.
• Part of your job is to prioritize certain tasks over others and to avoid multi-tasking.

Bookkeeping is a part of the accounting process that involves recording financial transactions. This could include how a business tracks client invoices, bills, receipts, or other purchases. Bookkeeping may also include the creation of financial statements and processing payroll. The CPB credential also requires a minimum of one year of bookkeeping experience, whereas the CB credential requires at least two years. There are key differences between bookkeepers and accountants that you want to know before hiring a financial professional. You know what a bookkeeper does and what their day-to-day responsibilities look like.