Bookkeeping Adds up to a Great Career

Bookkeeping is the recording of all financial transactions undertaken by a business (or an individual). A bookkeeper is sometimes called an accounting clerk in the US, is a person who keeps the books of an organization.

Bookkeepers are financial record keepers who maintain accounting records. They tabulate expenditures, receipts, and accounts payable and receivable. Bookkeepers spend their days making computations and use computers to calculate and record their data. Bookkeepers also prepare bank deposits by compiling data from cashiers, verifying and balancing receipts, and sending cash, checks, or other forms of payment to the bank. They also may handle payroll, make purchases, prepare invoices, and keep track of overdue accounts.

Facts -

·Bookkeeping, accounting, and auditing clerks held more than 2 million jobs in 2004 and are employed in every industry.

·Employment is projected to grow more slowly than average as the spread of office automation lifts worker productivity.

·The large size of this occupation ensures plentiful job openings, including many opportunities for temporary and part-time work; those who can carry out a wider range of bookkeeping and accounting activities will be in greater demand than specialized clerks.

Hours -

Many bookkeeping, accounting, and auditing clerks work in an office environment and generally work a standard 40-hour week. A large number of bookkeepers, however, work part-time. During specific times of the year, bookkeeping, accounting, and auditing clerks may work longer hours to meet deadlines during tax time, or when accounting audits are performed.

Training -

Bookkeeping, accounting, and auditing clerks are required to have at least a high school degree, but having a college degree is becoming more and more important to many employers. To move a head in your career, you will definitely need to have an associates degree or bachelor's degree in business or accounting. The median annual earnings of bookkeepers is $30,532

Mary Hart is an in-house writer for Online-Degrees-Today.com and has been writing about online business degree programs since 2004. To find out more information about earning your online bookkeeping degree, click here.

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