Planning to make bookkeeping as your career, but still confused? Then you’re at the right place. Stick till the end of this article to understand more about bookkeeping as a career. Many are confused between accounting and bookkeeping, the differences between both of these are subtle, but if you want to make a career in this field then you need to understand them.
Bookkeepers record all day-to-day transactions of a business. However, accountants review and analyse all the information recorded by bookkeepers at regular intervals and use all this information to generate financial statements, predict business needs and conduct audits. Bookkeepers should have a keen eye and should be paying close attention to all details.
If you’re one of those people, who love numbers, a good analytical planner and quite detail-oriented then bookkeeping job is perfect for you. Anybody can find a place in this field. It is quite versatile and has good pay, flexible entry requirements and you would see good growth too.
If you want to start your career in bookkeeping you can take the best courses available in bookkeeping. The best thing about bookkeeping is that a college degree is not necessary (but you will have more perks if you have a degree). You can pursue additional certifications in bookkeeping to learn the best skills. But the most important thing for bookkeepers is that they must be highly efficient, knowledgeable and accurate about all the financial terms.
Here are a few reasons why you should consider bookkeeping as a career.
Plenty of Opportunities
Be it a small company or big, they need to keep track of their financial transactions and record them daily. So it is given that they need a bookkeeper to manage all these numbers. Irrespective of industry the bookkeeping jobs are in high demand. And the need is only going to rise. So if you choose to make a career in bookkeeping there are plenty of opportunities waiting for you. People are starting a new business every single day, they obviously need personnel to handle their number.
Great Career Path
The career graph for this particular job is great. Once you start working as a bookkeeper you can easily climb to senior positions. There are many positions that require or rely upon skills learned as a bookkeeper. If you have a bachelor’s degree you can even become a CPA, sounds amazing, right? Not only CPA there are many other positions you could work such as CFO, financial analyst, etc. And the best thing about this career is that you can have complete control over your career and drive it in the direction you like.
Bookkeeping is highly flexible compared to all other jobs. You can start working right from your college. Based on your company policies and size you can always choose to work full-time or part-time. One could say that flexible working hours are the best perk you would get with this position. There are only a few jobs in the market that provide you with flexible working schedules such as bookkeeping. Great pay with flexible hours, sounds like music to your ears, right?
The potential to earn income with bookkeeping is huge. You can work for an enterprise or be self-employed. It is up to you and completely your decision. Once you get a lot of clients you can kick start your own consulting business too. You can be your own boss, freelance or work for a company at your flexible hours.
No degree requirements
It is great if you have a degree, but what if you don’t? There are only a few opportunities open for people without a degree. One of such jobs is bookkeeping. If you have a degree, it is great you can escalate your career by becoming a CPA or financial analyst. Even if you don’t have a degree you can still work as a bookkeeper. With time you would learn to master the skill and once you gain some experience the road is smooth.
Bookkeeping is great as a full-time job or a side hustle. While working your job, you can also learn bookkeeping on the side. There are many courses available both online and offline that can help you learn both the accounting aspects and terminology of bookkeeping. Even if you’re working other jobs or a student who needs extra cash. Bookkeeping is the best side hustle for you.
Bookkeepers are paid well. They even get decent pay on an hourly basis too. The flat rate is becoming highly popular among the freelancers. Rate changes based on various factors. The average wage growth rate of this occupation is high compared to all others. With experience and education, there are high chances that your salary will also increase. According to 2019 Accounting and Finance Salary Guide by Robert Half, the bookkeeping salaries are starting at $34,750 accounting clerks and the average salary is coming around $45,750 for bookkeepers. If you’re having your own consultancy then there is no limit on how much money you can make.
Technology & bookkeeping
Technology and bookkeeping go hand-in-hand. If you’re planning to take up the bookkeeping career then make sure that you’re well-versed with computer skills and technology. Bookkeeping jobs require strong computer skills as the job requires possessing knowledge about a variety of computer systems and programs. Thanks to the digitalisation all the bookkeeper’s responsibilities have been shifted to cloud-based softwares. The bookkeepers still need to be accurate about the calculations. If you want to outsmart your competition then it is important that you have a grasp of all these IT related skills.
From anywhere at any time
Like other desk jobs, you don’t have to be physically present at your desk all day to finish your work on time. You can do bookkeeping to people situated in any part of the world. The digitalisation has made the internet a huge place, where anyone can connect with anyone. So it is now easy for you to obtain work or clients virtually. You can work with them and receive your payment without any actual interaction. The world has opened up the door of opportunities, all you have to do is grab it and work hard.
No Stress & recurring payments
Bookkeeping is less stressful compared to other jobs. There are no people shouting or commanding you. You have the choice to work whenever you want i.e., flexible hours. And not to mention there are many other ways you can grow your business. Bookkeeping is done monthly so it is a recurring job which will bring you recurring payments. Once you gain more experience and clientele your income stream will also get stable.
Bookkeeping is great for anybody, and if you’re a person who loves numbers then this job is just perfect for you. There are many resources that you could learn from. If you’re a student or a working professional, interested in taking a career in bookkeeping, then what are you waiting for? Take the online or offline course on bookkeeping and build a successful career in it.