‎The Bookkeepers’ Podcast: Episode 254: How To Start A Bookkeeping Practice in 2024 on Apple Podcasts

By: Flaka Ismaili    September 21, 2020

bookkeeper skills

Compare this to the expected 136,400 annual openings for accountants and auditors (BLS, September 2022). Aspiring bookkeepers don’t need work experience to apply for entry-level roles. Bookkeepers do not have any specific education requirements beyond a high school diploma. However, professionals in this field must have several competencies they may not have learned in high school. Detail-oriented individuals who enjoy problem-solving, math, and computers may want to become bookkeepers.

Invoicing refers to the process of itemizing a transaction and detailing each charge on a bill. When working with organizations, mostly, bookkeepers of dynamic pricing must deal with invoicing. Knowing how to read invoice documents helps them locate information about a transaction between buyers and sellers.

Can I Really Become a Bookkeeper Without Qualifications?

A strong reputation will almost always guarantee you a successful career. How you interact with your clients, your competency, and your confidence will help to establish a good stable reputation. Working well with others is another bookkeeping skill that leads to success. Bookkeepers work closely with their clients in gathering information, processing the information, and then going over everything with the client. To develop basic math skills, you just need to practice, practice, practice. Do a page or two out of a workbook every day, play numerical games, or take an online or in-person math class.

Accountants must be able to critically evaluate information and problem solve as necessary. Textbook assignments tend to be very clear on what items are needed or not needed, but such is not always the scenario in the workplace. Young accountants must be confident in their understanding of accounting concepts and critically evaluate problems presented on a case-by-case basis. When you feel you have enough education, you can begin applying for jobs or start your own bookkeeping business.

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While bookkeepers can sit for the CB exam sections in any order, AIPB recommends taking part one before scheduling part two. To maintain certification, you need to earn at least 60 continuing education credits every three years. Managing the general ledger is part of your daily responsibilities as a bookkeeper.

In addition, since you will manage crucial tasks, such as managing your clients’ taxes, you need to ensure that you comply with the necessary rules and regulations. A bookkeeper provides a critical role in the data collection and data input of a business’ accounting cycle. When there is a proper system in place that avoids problems such as skimming fraud, the recorded financial data can provide valuable, actionable insight.

  • A bookkeeping certificate can help you find a bookkeeping role, either as an in-house bookkeeper or as a freelancer.
  • Bookkeeping is the start of a solid career path in the accounting industry and provides a good foundation with which to begin.
  • This does not require an understanding of the more advanced spreadsheet features.

There are dozens and dozens of bookkeeping options available and the choices may seem overwhelming. We’ve analyzed and rated the best online bookkeeping services to help you make the best decision when choosing the right one. The AIPB and NACPB also provide resources about how to become a bookkeeper, as well as suggestions that might make you more competitive in your search. For instance, you may decide to pursue additional licenses or certifications. However, bookkeepers need more work experience for CB certification than they do for CPB licensing. The AIPB requires candidates to have two years (or 3,000 hours) of work experience before they seek certification.

to Be a Successful Bookkeeper

Many of the processes, policies, and procedures include detail-oriented tasks to ensure financial accuracy. Learn about bookkeeping, typical responsibilities, how to become a bookkeeper, and remote bookkeeping opportunities with Intuit’s QuickBooks Live in the U.S. We take monthly bookkeeping off your plate and deliver you your financial statements by the 15th or 20th of each month. I love talking about practical yet creative ways a candidate has worked through past problems.

bookkeeper skills

Another way to stay proactive is by continually updating your bookkeeping and accounting skills, along with staying in-the-know about accounting industry best practices. Consider becoming a certified bookkeeper or take a course on managing office operations, etc. Bookkeepers are required to type information, numbers, and record financial data into accounting software or forms. It’s important that they can type accurately and quickly so they are efficient at what they do. This also means being comfortable with accounting software and updates. The majority of bookkeeping nowadays is managed with computerised accounting systems – a stark contrast from the traditional method of writing down amounts and figures.

Bookkeeper Skills by Experience Level

As a bookkeeper, you will verify and balance receipts, keep track of cash drawers, and check sales records. Bookkeepers also deposit money, cash checks, and ensure correct credit card transactions. Always put your best foot forward, learn what you don’t know, be consistent, and follow through. This will come across to clients as you having their best interests at heart and that you’re always working hard to maintain that work ethic and relationship.

Enroll in an undergraduate degree program.

Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement… The Certified Bookkeeper (CB) program from the AIPB requires you to be a working bookkeeper or have at least one year of accounting education. The program includes self-teaching workbooks that prepare you to pass the CB exam. Finding someone with the right bookkeeper skills to help you out is crucial to the success of your business.

So read on to find out about those specific skills that can help you succeed in a bookkeeping career. Two of the most common are single-entry bookkeeping and double-entry bookkeeping. Compared with bookkeepers, accountants are more focused on contextualizing financial data and making sense of it. Bookkeepers are responsible for the initial recording of their organization’s financial transactions.

The Bureau of Labor Statistics (BLS) projects that jobs for bookkeepers, accountants, and auditing clerks will decline by 5% from 2021 to 2031. However, the profession will still add 197,600 openings annually to fill roles held by retirees or job changers. The eight most common skills for bookkeepers in 2024 based on resume usage. After you find the bookkeeper skills you need, you can them to your resume using an AI resume builder. The Talent Acquisition team is dedicated to connecting people with exciting career opportunities and partnership within Intuit. Most remote QuickBooks Live bookkeepers work from home which means you need a reliable hard-wired internet connection and a landline phone.