However, this is not mandatory to become a bookkeeper because, in most cases, your employers would only require you to have a high school degree or GED. Unlike in the case of accountants, many bookkeepers have an associate’s or bachelor’s degree.
Additionally, as a bookkeeper, you would have to help your clients identify any frauds as well as misuse of funds. Along with having integrity, you would also be required to be transparent, ensuring that the financial reports are in compliance with all the laws and regulations of the country that your client is based in. The role of bookkeepers requires a strong sense of integrity as you would be managing confidential financial reports of your clients. Thus, the ability to organize financial information and reports is at the center of your position as a bookkeeper. For others, you might be doing it all, including managing expenditure reports, accounts receivable and deliverable, and loss reports. For some of those clients, you might be overseeing just the payroll services, like managing wage and deduction calculations for multiple employees. Once you become a bookkeeper, you might have multiple clients at once. You will also have to monitor financial reports to find and solve any errors or discrepancies that have happened. This is so because, as a bookkeeper, you will have to note down all the financial transitions till their last cent in order to ensure perfect accuracy. Attention to DetailĪs a bookkeeper, you would have to be detail-oriented in order to properly oversee multiple financial documents of your clients. Be it reconciling the income with the expenses or identifying sources of errors, you will need strong problem-solving skills. Problem-Solving AbilityĪs a bookkeeper, you will have to resolve all the discrepancies that have arisen in the financial reports.
Whether it is for entering financial transitions, or it is for tracking the debits and credits for your clients, or it is for managing the numerical information for creating financial reports, math skills would be crucial for becoming a bookkeeper. To fulfill all of these bookkeeping responsibilities and more, the skills that you would be required to have are: Math SkillsĪs a bookkeeper, you will have to use your mathematical skills on a daily basis. You will also have to analyze the financial documents in order to find any errors if occurring. What Skills Will You Need to Become a Bookkeeper?Īs a bookkeeper, you will be monitoring the revenue, spending, and invoices of your clients. Hence, if you become a freelance, full-time working bookkeeper with multiple clients, then you are more likely to earn more than the yearly average of $35, 000 - $40, 000 that a salaried bookkeeper earns. If, however, you want to be a freelance bookkeeper, then you will be able to set your own rates and often be able to charge $40 - $60 hourly. These are a reflection of the average paycheck of bookkeepers who are on the company’s payroll.
The national salary distribution for the bookkeepers ranges from $7.25 to $35.15 per hour. In the United States, the average salary of a bookkeeper is $17.73 per hour.
FREELANCE BOOKKEEPING NATIONAL AVERAGE RATE FOR FREE
Click here for free trial What Does a Bookkeeper Do?Īs a bookkeeper, you would be responsible for handling your client’s daily financial activities.
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