Money makes things happen, but managing it can be not easy. If you’re better at handling money, you make a living out of it by simply becoming a Bookkeeper. <\/p>\n\n\n\n
This piece will guide you on how to become a bookkeeper in a short time, the training involved, cost, licenses, salary, and variety of bookkeeping jobs.<\/p>\n\n\n\n
A lot of people use the terms accounting and bookkeeping<\/a><\/strong> interchangeably. However, bookkeeping is actually just a fraction of the accounting process which deals with the recording of financial transactions.<\/p>\n\n\n\n As you read on, you will discover what bookkeeping really is, and the skills and role of a bookkeeper in an organization. <\/p>\n\n\n\n If you are eager to become a bookkeeper, you can begin your career on a good note as we have highlighted the various schools that offer bookkeeping, their tuition, and the duration of the program. <\/p>\n\n\n\n Bookkeeping is the recording on a daily basis, of a company\u2019s financial transactions including purchases, sales, receipts, and payments by an individual.<\/p>\n\n\n\n Similarly, a bookkeeper is a skillful person who produces financial records for businesses or organizations. The roles and responsibilities of a bookkeeper include the following:<\/p>\n\n\n\n The single-entry bookkeeping system is used for businesses that have minimal financial transactions. This system records cash sales and business expenses only once. Therefore, there is no creation of an opposite account.<\/p>\n\n\n\n Basically, this system is not traditionally used for businesses that have accounts receivable, accounts payable, or many capital transactions. Bookkeeping under the single entry doesn\u2019t match transactions to corresponding accounts.<\/p>\n\n\n\n Entries are recorded on one side of business books which can make tracing revenues and expenses difficult. Consequently, there is no balancing system under this method.<\/p>\n\n\n\n Double-entry bookkeeping systems allow the recording of at least two accounts and are used for businesses that have complex transactions. this method is used by organizations that collect income through accounts receivable and receive merchandise and inventory on credit.<\/p>\n\n\n\n Basically, this method posts single transactions as an income or expense, then creates a second entry to trace the transaction to a corresponding account. Apparently, this accounting or bookkeeping system is recognized worldwide.<\/p>\n\n\n\n The double-entry system allows the accounting equation to maintain an equal balance in assets and liabilities.<\/p>\n\n\n\n Accounting software is an important tool for small businesses. These programs are relatively user-friendly and prompt you to enter information to complete and post your transactions.<\/p>\n\n\n\n Small business owners would prefer to spend all or most of their time delivering their products or services to customers rather than generating invoices or creating financial reports.<\/p>\n\n\n\n There are varieties of software, ranging from essential to professional capacities, and you can purchase the software on desktop, online, or cloud versions. Softwares like Sage Business Cloud Accounting takes care of your finances.<\/p>\n\n\n\n virtual bookkeeping uses computerized software to post financial transactions, review and update statements and reconcile accounts. A Virtual bookkeeper telecommutes instead of physically working at a client\u2019s office.<\/p>\n\n\n\n Apparently, there is not much difference between regular bookkeeping and virtual services apart from the location. However, to become a\u00a0virtual bookkeeper, you must meet the qualifications for a regular bookkeeping job in addition to having a\u00a0computer<\/a>\u00a0and reliable internet.<\/p>\n\n\n\n Having an accurate handle on your business transactions, helps you to know your income, gains, and losses. below are the role and importance of booking in any organization.<\/p>\n\n\n\n Although many bookkeeping jobs require only a high school diploma, gaining an advanced working knowledge of accounting through formal coursework can serve you well as a bookkeeper well. READ ALSO: Top 10 Accounting Certifications in Canada | 2023<\/a><\/p>\n\n\n\n As a prospective bookkeeper, you have several bookkeeping educational options to choose from. If you are seeking an entry-level position, you can enroll in an undergraduate and some online programs. while those looking for more advanced training can consider bachelor\u2019s and master\u2019s degree programs in accounting.<\/p>\n\n\n\n However, students can learn how to update and maintain various records by enrolling in any of the schools listed below which can offer undergraduate and graduate programs in accounting and have bookkeeping options respectively.<\/p>\n\n\n\n New York University in New York, NY is a private non-profit institution that offers bachelor\u2019s, master’s, and Ph.D. programs in accounting as well as a bookkeeper certificate through the School of Continuing and Professional Studies.<\/p>\n\n\n\n With the fee of\u00a0$755<\/strong>, you can learn the principles of double-entry bookkeeping, master the basics of preparing financial statements and analyzing business transactions from an accounting standpoint, record them in a general ledger, and prepare end-of-period worksheets and financial statements.<\/p>\n\n\n\n Visit School<\/a><\/p>\n\n\n\n University of California \u2013 San Diego offers a bookkeeping course that is endorsed by the American Institute of Professional Bookkeepers (AIPB) that will help you to get the knowledge and skills you need to become a Certified Bookkeeper.<\/p>\n\n\n\n Basically, the program will enable students to learn from the AIPB workbooks, complete practice exams on a dedicated website, and take the AIPB Certified Bookkeeper examinations. <\/p>\n\n\n\n The course fee includes $500 for materials and prospective bookkeepers can also take this course as part of the accounting certificate program.<\/p>\n\n\n\n Visit School<\/a><\/p>\n\n\n\n Brigham Young University is a private research university located in Provo. The school offers a Bachelor of Science (BS) in Accountancy or a Master of Accountancy <\/a>(MAcc).<\/p>\n\n\n\n At BYU, Bookkeeping is offered under the financial accounting course and students learn financial and managerial\u00a0accounting\u00a0principles, basic\u00a0accounting\u00a0statements, processes, and management applications. In the MAcc program, students take advanced courses in the field and develop skills in communication, collaboration, and decision-making.<\/p>\n\n\n\n Visit School<\/a><\/p>\n\n\n\n The University of Pennsylvania is a private research university in Philadelphia, Pennsylvania. The school Accounting Department features research studies in capital markets, securities analysis, and taxes.<\/p>\n\n\n\n The university\u2019s Wharton School of Business offers a bachelor\u2019s degree, master\u2019s degree, and Ph.D. in Accounting. The curriculum incorporates principles from finance, economics, organizational research, and business. In addition, the school acceptance and graduation rate is 9% and 96% respectively.<\/p>\n\n\n\n Visit School<\/a><\/p>\n\n\n\n Other online schools offering booking programs include:<\/p>\n\n\n\nTable of contents<\/h2>
What is BookKeeping?<\/strong><\/span><\/h2>\n\n\n\n
Bookkeeping Tasks<\/strong><\/span><\/h3>\n\n\n\n
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Types of Bookkeeping<\/strong><\/span><\/h2>\n\n\n\n
Single-Entry System<\/strong><\/span><\/h3>\n\n\n\n
Double Entry System<\/strong><\/span><\/h3>\n\n\n\n
Bookkeeping Software<\/span><\/h3>\n\n\n\n
Virtual Bookkeeping<\/span><\/h3>\n\n\n\n
What is the Importance of Bookkeeping?<\/strong><\/span><\/h2>\n\n\n\n
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Steps on How to Become a Bookkeeper<\/strong><\/span><\/h2>\n\n\n\n
Obtain a Degree<\/strong><\/span><\/h4>\n\n\n\n
However, obtaining a\u00a0Bachelor\u2019s degree program\u00a0in accounting allows you to explore similar topics and build on your knowledge with more courses in accounting and auditing.
Additionally, certain employers may require candidates to hold associate or bachelor\u2019s degree programs in business administration and accounting.
Students in\u00a0associate degree programs\u00a0may take courses in business mathematics, keyboarding,\u00a0economics<\/a>, payroll accounting, tax procedures, and business law.\u00a0<\/p>\n\n\n\nGet the required Training<\/span><\/h4>\n\n\n\n
Voluntary Certification<\/span><\/h4>\n\n\n\n
Top Schools with Bookkeeping Programs<\/strong><\/span><\/h2>\n\n\n\n
New York University in New York, NY<\/strong><\/span><\/h2>\n\n\n\n
University of California \u2013 San Diego<\/strong><\/span><\/h2>\n\n\n\n
Brigham Young University in Provo, UT<\/strong><\/span><\/h2>\n\n\n\n
University of Pennsylvania in Philadelphia, PA<\/strong><\/span><\/h3>\n\n\n\n