Accounting is without a doubt one of the best paid occupations that a college student can choose to engage in. Each and every business, large or small, demands some measure of bookkeeping and accounting. It is often a crucial element of any business' financial success. The demand for this particular expertise is so large that accountants are in increased demand.
1. Bookkeeping Introduction
Bookkeeping can be defined as the recording of financial dealings and transactions. These transactions
consist of sales, purchases, income, and payments by individuals and organizations. A bookkeeper
usually performs Bookkeeping. Keep in mind that bookkeeping is not another name for accounting. This
is because the accounting practice is typically performed by an accountant. The reports created by an
accountant are collected from the bookkeeper’s recorded financial transactions. It should be noted here
that most of the bookkeeping classes is done by accountants, since they have a strong hold of the
subject. Any practice that involves the recording of financial transactions should be redeemed a
Bookkeeping process. There are some general methods of Bookkeeping, including the “Single-Entry” and
the “Double-Entry” Bookkeeping system.
Bookkeeping Degrees
There are various certifications, diplomas, bachelors and masters degree programs in bookkeeping
classes. There are also international regulating bodies such as the American Institute of Professional
Bookkeepers (AIPB). This institute offers one of the best certifications in professional bookkeeping.
Some individuals also prefer studying Accounting, so they have an advantage over others in the job
hunt. There are also numerous online bookkeeping courses, designed to help individuals wanting to
study from home. The online variant of the bookkeeping course is also usually cheaper than the on-
campus program.
2. Bookkeeping should be careful, organized, and detailed to shun errors and to identify errors made by
others. The students of Bookkeeping are taught to be discreet and trustworthy, because they regularly
come in contact with classified material. They are educated to have fine communication skills, since they
work with customers and also need to have significant aptitude for numbers.
Careers in Bookkeeping
Bookkeeping, accounting, and auditing professionals held about 2.1 million jobs as at the end of 2008.
They work in the state and local government, healthcare, educational services, and financial
management firms and payroll services industries. bookkeeping classes and its jobs are expected to
grow by 10 percent during the 2008-18 decade, making bookkeeping one of the fastest growing
occupations in the world, It is projected to have about 212,400 new jobs in bookkeeping between 2008
and 2018. A bookkeeper can easily earn around $38,000 per annum, at initial level. The pay scale
increases significantly with experience and expertise. Some bookkeepers also wish to work privately,
which can offer them an even better income.