Every business and company needs a bookkeeper. Professionals who complete this program are educated about various concepts of this field which prepares them for careers in bookkeeping. People usually pursue a certification in bookkeeping; however, professional degrees are also offered.
What Is Bookkeeping?
Bookkeeping is a process that includes recording, retrieving, and storing financial transactions related to any business, individual, non-profit organization, etc. This helps companies track all information through books. It helps them in making decisions related to investments, key operations, and finances. Professionals who are involved in this field manage data for companies. They help companies stay updated on their financial position and transactions. Accurate bookkeeping is a crucial part of a business and it helps people and organizations in multiple ways.
What Can I Do with a Bookkeeping Program?
Bookkeeping is a demanding job that requires professionals to be passionate. There are various career paths available for people who have completed a bookkeeping program. They can work in health sectors, educational institutes, government organizations, universities, payroll services organizations, etc. Students who have a certification or associate’s degree in bookkeeping find entry-level jobs, while those who have a bachelor’s or master’s degree have better career options.
The following are some of the career options for bookkeeping degree holders.
Bookkeeping, Accounting, and Auditing Clerks
Bookkeeping, accounting, and auditing clerks create financial records for companies. They update statements, record financial transactions, and examine financial records for accuracy.
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $41,230 | -4% | $42,960 | California | 180,050 |
| District of Columbia | $55,970 |
Source: US Bureau of Labor Statistics
Financial Clerks – Payroll and Timekeeping Clerks
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $46,180 | -3% | $47,390 | California | 21,740 |
| District of Columbia | $63,260 |
Source: US Bureau of Labor Statistics
Tellers
Tellers are responsible for processing transactions at banks that happen daily. They record all the transactions electronically and count the cash at the end of their shift.
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $31,230 | -12% | $31,660 | Texas | 42,850 |
| Washington | $35,770 |
Source: US Bureau of Labor Statistics
What to Expect from a Bookkeeping Program?
A booking program allows students to develop skills that help them in their professional life. It educates students about creating financial statements and draw a clear picture of the company’s financial standing. The curriculum of a bookkeeping program may vary from school to school. Interpersonal communications, QuickBooks, using computers for business, payroll accounting, expenses, liabilities, and assets are some of the topics taught during these programs.
How to Choose a Bookkeeping Program?
These are some of the things you should consider before choosing a program:
- Choose a recognized degree program
- Check the length of the program
- Consider the format and topics of the program
- Consider the cost required to complete the program
- Check if it is a campus-based or online program
- Consider the format being offered
Bookkeeping Program Admission Requirements
To purse a bookkeeping program, students need to have a high school diploma. Applicants may also be required to submit letters of recommendation, transcripts, etc. The admission requirements vary with schools.