Bookkeepers are responsible for maintaining an accurate record of a company's business transactions and cash flow through the use of tools such as Quickbooks and other accounting software. Bookkeepers are expected to create income statements, manage balance sheets and oversee the financial transactions of individual departments. The ultimate duties of a Bookkeeper are dependent on the size of the company he or she works for. Similar accounting jobs include positions such as accounting specialist bookkeepers.
Bookkeeper Educational Requirements
A high school diploma or GED is the minimum requirement for most Bookkeeping jobs although a degree in accounting is preferable. Because the way each company functions and keeps records is different, on-the-job training is the norm for most Bookkeeping positions where the head accountant or the business owner will instruct a Bookkeeper on proper procedures. Attention to detail and a proficiency with mathematics are necessary in order to perform the job well.
Bookkeeper Job Market
Bookkeepers are needed in almost every company in the country; as such, the demand is large. Due to the relatively lax educational requirements, however, competition for this job can be fierce. There are currently around 1,799,800 Bookkeepers employed within the United States, with another 370,000 estimated job openings. The number of Bookkeepers employed by various companies is expected to grow 11 percent by 2022, increasing to 2,004,500. With these numbers in mind, the field is a good one to get into, particularly as more small businesses open up. Similar positions include Office Accounting Clerk jobs and Bookkeeper Accounting Assistant jobs.
Bookkeepers can expect to make between $9 and $11 per hour on average, or $18,000 to $22,000 per year. Bookkeepers for larger corporations can expect to make a much higher income, with minimum annual salaries starting around $27,000. The upper income limit is around $41,000. Although a specific average is difficult to come by, Bookkeepers working for large, multinational companies have a higher income potential than those working for smaller, regional companies.