Bookkeeping, Accounting, and Auditing Clerks : Occupational Outlook Handbook : U.S. Bureau of Labor Statistics

But they are not the same. These three professionals are very different in their scope of work, the tasks they perform, their licensing and professional status, and their standing with the Internal Revenue Service. Belay typically hires virtual assistants, but they also hire more specialized positions like virtual bookkeepers. Job duties include paying client’s bills, reconciling bank statements, journal and data entry, 1099 preparation, and payroll processing.

Though the role of a bookkeeper is multifaceted, there are some core tenets to what bookkeepers do. Bookkeepers ensure that all of a company’s expenses, income, and transactions are recorded in the company’s books and reconcile the company’s financial accounts, typically on a monthly basis. Bookkeepers might also help with financial statement and financial report preparation. Although bookkeeping can be in-house staff position, most businesses employ bookkeepers on a freelance basis.

As a result, the same amount of bookkeeping work can be done with fewer employees, which is expected to lead to job losses for bookkeepers over the next 10 years. Integrity. Bookkeeping, accounting, and auditing clerks have control of an organization’s financial documentation, which they must use properly and keep confidential. It is vital that they keep records transparent and guard against misusing an organization’s funds.

You should consider certain things such as the type of industry you want to specialize in, the business size of your ideal client, the client’s communication style, and their business’s process flow. It will be easier and faster for you to find the clients if you know what you are looking for. HARO, or Help a Reporter Out, is a free online tool journalists use to request professionals to serve as sources for the articles they publish. By responding to HARO queries from journalists, you get a chance to get published in different online media platforms.

However, important differences exist in the nature of work conducted in each career and what is required to be successful. The following analysis compares the education requirements, skills needed, typical starting salaries and job outlooks for accounting and bookkeeping.

You can successfully find bookkeeping clients by looking for businesses that are recruiting full-time or part-time bookkeepers. You can usually find these through checking various online job adverts. You only need to convince them that you’re the perfect person who can provide a better solution for their business’ bookkeeping needs. The distinctions between accounting and bookkeeping are subtle yet important to understand when considering a career in either field. Bookkeepers record the day-to-day financial transactions of a business.

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It is an amazing program with endless possibilities, and a great achievement just in general. Now that you have learned how to get bookkeeping clients quickly, we recommend that you take a sequential approach and start with getting certified, become an accounting software expert and determine your target audience. Once you have achieved those three, you can implement the marketing ideas that you are most comfortable with first and then work your way down the list. If certified through the AIPB, you can put the letters CB (certified bookkeeper) behind your name and, if certified, through the NACPB, you can put the letters CPB (certified professional bookkeeper) behind your name on business cards and other marketing materials to inform prospective clients that you have the knowledge and skills required to manage their books. After you have obtained your credentials and identified who your target audience is, it’s time to take action.

Bench is so, so, SO much better than everything I ever did for bookkeeping. My accountants also breathe a sigh of relief when I email them a Bench spreadsheet in advance of tax prep meetings.

About Small Business Trends

  • As a bookkeeper (and owner of a bookkeeping firm), we are completely qualified to prepare and file Sales Tax Returns & Payroll Tax Returns.
  • The two careers are similar and accountants and bookkeepers often work side by side.
  • Most of the jobs in the field start in an office-based environment, and it is probably best to look for a job locally and then see if it can be transitioned into a work-at-home accountant job.
  • In the old world, you would hire your accountant to come in at the end of the year, audit your business or check your books, and prepare your tax forms.
  • They are expected to reconcile expenditures and revenues, and make any adjustments based on depreciation or amortization.
  • As the resident QuickBooks expert here at FitSmallBusiness, I respond to QuickBooks questions every day.

Bookkeepers who excel in these tasks will continue to be needed. With some employers requesting a college degree for full charge bookkeepers, you should keep in mind that opportunities for advancement or higher pay could require four years of college.

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Detail oriented. Bookkeeping, accounting, and auditing clerks are responsible for producing accurate financial records. They must pay attention to detail in order to avoid making errors and recognize errors that others have made. With appropriate experience and additional education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

Meanwhile, due to the focus of the EA’s activities on tax preparation, it is natural to engage services of the tax preparers once a year. The non-CPA tax preparers may be a good, cost-effective option for an individual or a business whose tax situation has remained constant from previous years. The EAs are well qualified to prepare tax returns, and may represent clients with inter-state tax issues, which a regular CPA cannot. Because of this, some CPAs also get qualified as EAs in order to provide their clients with a more versatile suite of tax services, though at higher CPA rates. My QBCU certification gave me credibility with potential employers.

The beauty of the Dummies series is that it does a terrific job of breaking everything down into bite-sized chunks so that anyone can understand and grasp the concepts that are being taught. If you’ve got a QuickBooks question, our very own FitSmallBusiness Forum is a great Bookstime place to post it. We have a number of small business owners, accountants, lawyers and other professionals that post questions and respond to questions as well. As the resident QuickBooks expert here at FitSmallBusiness, I respond to QuickBooks questions every day.

If you engage a BAS Agent to prepare and lodge your BAS, this person will undoubtedly be qualified because it’s a requirement of registration, so this question will not apply. On the other hand, if you are employing a bookkeeper, as an absolute minimum, s/he should be able to show evidence of having trained in the field of bookkeeping, whether this be via a TAFE course or something more intense, such as a Diploma of Accounting. In my opinion, only qualified bookkeepers should prepare and lodge a BAS. For accountants, it means you’ll spend less time verifying the work that a bookkeeper or other employee has performed.

Overall, bookkeeping plays a vital role in the progress and performance of the business. In this Case X corp. renders service and gets paid 50% and gives a credit period of 15 days for the remaining 50% to its clients.

They generally do all data entry into accounting ledgers or software. I hope this clears up some of the confusion regarding which professional is best for your needs and when is best to consult them. For professional bookkeeping services, bookkeeping advice, accountant recommendations, and tax preparer recommendations in Arizona, do not hesitate to contact KORE Bookkeeping solutions at As an example, imagine the two times in the year people hire accountants for tax purposes. In the old world, you would hire your accountant to come in at the end of the year, audit your business or check your books, and prepare your tax forms.

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