What Qualifications Does a Bookkeeper Need?
Bookkeepers are the people who are responsible for keeping the financial records at a business or organization. It is their job to use tools such as paper ledgers, spreadsheets or accounts software to keep accurate financial records. They need to keep a record of expenditures, receipts, debts, accounts payable, accounts receivable, profits and invoices. Some bookkeepers work for one organization, others work for multiple companies and may travel between them.
Unlike accountants, who require extensive training, bookkeepers can vary in the amount of experience and knowledge that they have. The most important skills are an understanding of the tools and basic record keeping principles, and attention to detail. The bare minimum requirement would be a high school diploma” to show literacy and numeracy. Beyond that, some bookkeepers do choose to study for an associate or bachelor’s degree. Some opt for voluntary certification.
There is the opportunity to get on the job training and many young people who would like to do bookkeeping opt to get into the profession in this way. You can learn a lot by being paired up with a more experienced bookkeeper, and since every company has their policies and methods, there is a lot to say for this kind of training even if someone has a formal qualification.
There is an organization called the American Institute of Professional Bookkeepers, and this organization offers the Certified Bookkeeper title. To qualify for this title, a person must have at least two years of experience as a bookkeeper, and they must sit an examination, and then agree to follow a code of conduct. The examination to become a Certified Bookkeeper is split into four modules, and there is a lot of information online that can help people to prepare for the test. If you pass the test, then you have the right to use the Certified Bookkeeper title as long as you maintain your membership to the American Institute of Professional Bookkeepers and undertake an ongoing programmer of CPD.
Many people who qualify as bookkeepers decide that they would like to continue from there to become an accountant or an auditor. Alternatively, there are specialization routes that could take someone into a specific industry such as healthcare, financial services or hospitality. There are a lot of possibilities for a bookkeeper, and since every business needs to keep their accounts up to date, it is a field where you can be confident that you will not have a shortage of opportunities. Find the best virtual outsource bookkeeping professionals in your area please visit us out website.
If you are looking for a field to re-train in, then bookkeeping could be a good option. The initial courses to familiarize people with QuickBooks, Sage, Wave and other accounting software are quite affordable, and you can study them at home in your own time. Do note, though, that bookkeeping is a job that requires focus and concentration, and that doing someone else’s accounts is probably less interesting than doing your own ” so it is not a job that everyone will enjoy.