If you are considering a career in bookkeeping, you’ll want to consider any requirements and training that might be needed. This article will help you understand exactly what is needed to become a bookkeeper.
What is a Bookkeeper and What Does a Bookkeeper Do?
A bookkeeper is responsible for maintaining financial records. This includes recording transactions, preparing reports, and ensuring accuracy. Bookkeepers work with a variety of clients, including businesses, nonprofits, and individuals.
What Education is Needed to Become a Bookkeeper?
The good news is there are no requirements, other than having a high school diploma, to become a bookkeeper. However, most bookkeepers will want to have some training for the various types of tasks they will handle as a bookkeeper. So, while there are no requirements, a smart idea for anyone considering a career in bookkeeping will be training to obtain certification.
Certifications for Bookkeepers
There are several certifications available for bookkeepers. The most popular certification training courses are offered via the National Association of Certified Public Bookkeepers (NACPB) and the American Institute of Certified Public Accountants (AICPA). To qualify for this certification, bookkeepers must have 2,000 hours of professional experience and pass an exam.
How to Become a Certified Bookkeeper
To become a certified bookkeeper, you must first have a high school diploma or equivalent. You must also have at least two years of professional bookkeeping experience. Once you have met these requirements, you can become trained through various courses and take the Public Certified Bookkeeper exam.
Salary and Job Outlook for Bookkeepers
The median annual salary for bookkeepers is $40,000 to $48,000. If you are a Certified Public Bookkeeper, the salary range is $51,000 to $67,000 yearly. The job outlook for bookkeepers is positive, with a projected growth rate of 4% from 2022 to 2029. Research indicates there will be 170,000 new bookkeeper job openings by 2025, which indicates a positive need for more bookkeepers.
It is important to know what you’ll need to learn to become a proficient bookkeeper. Bookkeepers typically have a high school diploma; however, you may also choose to train for the Certified Public Bookkeeper title. As a CPB, you will earn a higher salary and you’ll also have an in-depth knowledge of your field. This will encourage your clients to trust in your abilities and will enable you to grow your business successfully. There are several certifications available for bookkeepers, the most popular being the Certified Public Bookkeeper designation from the American Institute of Certified Public Accountants (AICPA). To qualify for this certification, bookkeepers must have at least two years of experience and pass an exam. The job outlook for bookkeepers is positive, with a projected growth rate of 4% from 2022 to 2029.