Bookkeeping Essentials When Starting A New Career

When you want to have a career in bookkeeping, it’s more than just getting yourself an Accounting degree and taking off from there. It’s essential for you to understand that bookkeeping requires quite a bit of research, study, and understanding in order for you to be fully equipped with the needed skills and expertise to fulfill your duties. This doesn’t mean it’s possible, though – but you may need the assistance to accomplish them. This guide will provide tips to do just that.  

If you want to set yourself up for a career in bookkeeping, you’ve got to understand some essentials. First, let’s explore a few numbers on accounting in businesses as a whole. Interestingly, only 42-percent of small businesses in the United States have a controller or a chief financial officer in charge of overall accounting needs for the firm, with only 40-percent of owners of small businesses actually feel knowledgeable on finance and accounting. In fact, only 17-percent of companies actually have placed an asset management system to help with their physical assets, with 47-percent of small business owners actually not understanding how things like ghost assets affect their books. This means your career is actually quite in demand in a lot of industries, but you’ve got to know just how to start building your career towards this.  When you do, you should also ensure a balanced work life as bookkeeping may be exhausting.

Bookkeeping Essentials: Start Your New Career With These 

Regardless if you already have an accounting degree or not, becoming a bookkeeper is a seriously-challenging endeavor. This is because the job itself entails quite a lot of technicalities and responsibilities for you to be able to perform and fulfill. Institutions like Balancing Books Bookkeeping may be able to assist you in these matters, but knowing where to start your career can definitely help. This doesn’t mean they’re impossible to cover, however. Here are some of the things you have to prepare for:  

  • Take additional education into serious consideration:

    While it’s entirely possible to learn bookkeeping through training, let’s start this tutorial by letting you understand that gaining additional education really is an advantage if you want to take this career seriously. A lot of businesses tend to prefer bookkeepers with at least an associate’s degree, which gives them a guarantee that an institution really has taught their bookkeepers even the barest of basics in the field. If you think it’s worth the investment, you may consider going to school to get a full degree, as this and your initial degree (if you have one already) can boost your marketability to companies. 

  • Begin with an internship: 

    A lot of accounting and bookkeeping offices actually consider college students and high school students as part-time interns. Not only do they get additional help with their jobs, this also allows interns and students to get a good look into just what it’s like to work in the bookkeeping industry. The internship will also allow them to get a good grasp on how accounting softwares work, and how companies maintain and organize their records. 

  • Familiarize yourself with various accounting software: 

    As with your internship training, or even with just research, do consider getting yourself accounting software to familiarize yourself with. If you have prior accounting knowledge, try to see how this works with the software and how they actually keep records properly maintained. Consider checking out online tutorials as a lot of them do teach the basics, with people you can talk with to teach you how to use them properly. 

  • Get proper certification and accreditation:

    Boosting your credentials with certification, and accreditation also works to your advantage. Having worked as a bookkeeper for a couple of years can help you get certified through institutions where you live. This can also help you expand your horizons towards the kind of work you can do, the benefits you can have, and even higher pay. 

  • Get yourself licensed:

    Another important consideration for you to make is to actually become licensed, as this allows you to fully work in a professional capacity. Other countries have different regulations of licensure, but getting a license gives you the kind of credibility you want to have companies hire you.  

The Bottomline: If You Want To Be A Bookkeeper, You’ve Got To Be Prepared 

If you want to have a bookkeeping career, it’s important to understand that it’s not just enough to have an accounting career or experience doing accounting-related tasks. There are fundamentals you need to be aware of, and particulars you need to be prepared for. Fully understanding these can greatly put you in a position of advantage that can allow you to perform to the best of your ability as a bookkeeper. If you follow the tips above, you’ll likely have an edge against your peers.