Bookkeeper Job Description +2023 TEMPLATE

As in most departments, the #2 person on the accounting team is typically a vice president. While there are many different Accounting VP titles, the most common are VP of Accounting and Finance, VP of Finance and VP of Accounting. Meghan Gallagher is a Seattle-based freelance content writer and strategist. In Marketing Management and a background in digital marketing for healthcare, nonprofit, and higher education organizations. Moreover, both the CB and CPB credentials are respected in the bookkeeping field and can help you stand out to employers.

They will often work closely with senior accountants, bookkeepers, controllers, and other management staff. They oversee financial methods and transactions, ensure compliance from the company’s accountants and lower-level financial employees, and enforce financial policies. CFOs are among the most common accounting job titles because almost every company with an accounting department has one. However, the responsibilities and duties will vary significantly between a smaller startup or a major Fortune 500 company. After my role as a staff accountant, I moved to a financial analyst position and then to a controller position, all at larger publicly traded companies.

Bookkeeper Salary Range

What’s it like to work as a Front Office Expert or Back Office Expert for QuickBooks Live? Watch the videos to find out what a day in the life is like for our Intuit bookkeeping https://www.bookstime.com/ experts. The AIPB and NACPB also provide resources about how to become a bookkeeper, as well as suggestions that might make you more competitive in your search.

Bookkeepers at nonprofit organizations require a detailed understanding of these special principles to avoid legal penalties for these groups. The Property Accountant addresses the requirements needed to buy and sell real estate. Job responsibilities include crafting budgets, setting up escrows and preparing statements. An Accounts Receivable Specialist oversees the billing and collection for an organization. An Accounts Receivable ensures that confidentiality is maintained when collecting payments from clients. Other duties of an Accounts Receivable Specialist include account reconciliation and cash receipt creation.

Optional Certifications and Degrees

To learn these skills and others, new bookkeepers often receive around six months of on-the-job training to learn how to use bookkeeping software, databases, and spreadsheets. Detail-oriented individuals who enjoy problem-solving, math, and computers may want to become bookkeepers. The Bureau of Labor Statistics (BLS) projects that jobs for bookkeepers, accountants, and auditing clerks will decline by 5% from 2021 to 2031. However, the profession will still add 197,600 openings annually to fill roles held by retirees or job changers. Bookkeepers are accounting professionals who take on many roles for small and mid-sized companies.

• The NACPB offers a certified bookkeeping professional (CPB) designation, and AIPB confers a certified bookkeeper (CB) license.
• Get started by signing up for the Intuit Bookkeeping Certification program today.
• We are looking for a skilled Bookkeeper to maintain our financial records, including purchases, sales, receipts and payments.
• However, compensation will widely vary depending on the employer, location, and candidate experience.
• While most bookkeepers work with businesses, some individuals may also choose to hire a bookkeeper to track personal finances.

Clerks are responsible for the day-to-day duties that keep money flowing through a business. They record transactions to a ledger, perform financial data entry, update databases, process data backups, and generally handle record-keeping on a front-line level. Their work will be reviewed by an upper-level or management accountant and verified for accuracy. As clients, CPAs typically work with smaller businesses to handle financial records organization, some bookkeeping, and tax management. In these cases, the company won’t hire the CPA internally and will still have an accountant to work with the CPA to gather paperwork and information as necessary.

How Much Does a Bookkeeping Certification Cost?

As an extremely broad employee class, accountants may be responsible for virtually any non-management duty relating to money in a company. Accounting Representatives are most often found in B2B organizations but may also be found in B2C companies. They are typically the individual who represents the company on financial matters in dealings with their clients. They have training in financial investigations and preparing documents so that they can be presented in court. Such accountants are often external, hired by law enforcement or government agencies to perform audits and present their evidence in a court of law. The difference between Controller and Comptroller is one of organizational definition.

Bookkeeping qualifications do not include formal certifications or licenses. However, certified professionals may enjoy advantages bookkeeper synonym in the job market. Accountants and auditors are typically required to hold at least a bachelor’s degree (BLS, September 2022).

After working in the field for at least a year, CPAs also need to take an exam. To meet the requirements for the CPA exam, some professionals enroll in master’s in accounting programs. At the same time, the number of predicted bookkeeping job openings per year over that period is 197,600. Compare this to the expected 136,400 annual openings for accountants and auditors (BLS, September 2022). As your company grows, identify financial bookkeeping and management needs, and hire people to divide labor until it’s reasonable. That may mean having five employees in your accounting department, or fifty.