Bookkeeping jobs have increased in numbers particularly after the acceptance of VAT, GST and other tax models by most of the countries in the world. Moreover, it is essential even for small organizations to employ bookkeeping techniques so that handling of day to day bookkeeping or expenses or incurrence can be done with. Notwithstanding, not all businessmen or organizations have training to maintain books and for that trained bookkeepers are required.
Bookkeepers help organizations and governments by putting right and relevant information about the money and expenses as well as taxable income. The career in bookkeeping bright as there is an increased demand for such professionals so that additional compliance necessary for business owners can be done. The increasing demand for bookkeepers has increased the average earnings of professionals which now have become comparable with other professionals.
Career in Bookkeeping
Increased popularity of bookkeepers can be attributed to the fact that whereas traditional accounting staff is too expensive to hire on a continuous basis, bookkeepers work for less monetary value and that too permanently. Moreover, bookkeeping promises several attractive job opportunities for trained professionals in bookkeeping who have a certified bookkeeping professional course from reputed institute. A certification course in bookkeeping is required for the reason that it ensures that the candidate has credibility and is competent.
Similarly, earning potential for bookkeepers with certification is higher than to those who do not possess any certification in bookkeeping. In order to become a certified bookkeeping professional candidates are required to pass college level education. Additionally, the program must be accredited by American Institute of Professional Bookkeepers. In addition to certification, candidates are required to have at least two years of working experience as a bookkeeper with some firms.
Candidates trying to look for career in bookkeeping should consider various theoretical education including of knowing the importance of credits, credits and the accounting equation, modes operadi of bookkeeping, etc. Bookkeepers can work independently after lots of work experience or start their own business which in fact would mean that there is flexibility and control over the hours and wages of the candidate.
Earning Potential in Bookkeeping
Bookkeepers have attractive earning potential which depends a lot upon their awareness of the latest trends in the economy and tax hegemony. Moreover, depending upon the discharging of professional responsibilities under various positions bookkeepers are paid the salary packages. Annual salary band for certified bookkeepers is nearly $37,500/ year. Bookkeeper with more than 5 years of experience can earn more than $56,000/ year and work as accounting manager.
Candidates possessing certificate in bookkeeping become certified professional bookkeepers; such professionals are treated well and are given preference when job are offered. The latest trends show that bookkeeping has become a profession in its own right in last couple of decades in countries including of Australia, UK, USA, Canada and New Zealand as well as India. Moreover, bookkeeping jobs are coming in small business units which are trying to comply with regulatory legislations of state and central governments.
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