e-Careers

How to become a Bookkeeper

Sometimes there is confusion between the difference between an Accountant and a Bookkeeper, but click on that hyperlink and you’ll realise the difference between the two.

Done that? Okay, brilliant. Now that you’re fascinated by the world of bookkeeping, let’s get you on the road to becoming one.

Bookkeepers are in-demand, whether that be as a direct employee of a company or another capacity: outsourced, almost like a consultant. Any business is required by law to keep a record of their financial transactions, so the role of Bookkeeper is a vital one.

To get started, it’s always best to gain some kind of qualification which shows you have the necessary skills. Although entry-level positions won’t require previous experience or qualifications, it’s always best to have a good knowledge of bookkeeping practices and computerised software, just to make sure you have a head start and can hit the ground running.

Your main roles may include:

  •          Single and double entry bookkeeping
  •          Sales ledger
  •          Purchase ledger
  •          General ledger
  •          Journals
  •          Bank reconciliations
  •          Invoices
  •          Bank statements
  •          Remittances
  •          Credit control
  •          Payroll
  •          Operating bookkeeping software

The good thing about bookkeeping is that you can either work for a company, or you can be self-employed. After a few years’ experience, you can go into business for yourself and launch your own consultancy or take on freelance roles. Every business requires your services; you will never be short of clients, the only thing you need to do is market your professionalism and knowledge, which is where qualifications best represent your understanding.

The average annual Bookkeeper salary in the UK is £25,000, but that will grow with further experience, and if you open your own firm, your earning potential could be much higher.

Four tips for becoming a Bookkeeper

It’s a bumper post on bookkeeping.

I’ve treated you here, two posts in one. Don’t ever say I do nothing for you.

Know your numbers

This seems obvious, but an interest in numbers and the ability to reflect your understanding accurately is a good foundation to a successful career in bookkeeping. Keep your records accurate and you will avoid looking unprofessional, which will negatively portray both you and your company.

Get a qualification

Obtaining a qualification allows you to showcase your knowledge and skillset to potential employers or clients. They’re also a good way to continue your education with Continuous Professional Development, and make sure your skills are always refreshed and up-to-date to industry standards.

Enjoy what you do

The most important part to any job is enjoying it. A high level of enthusiasm and eagerness to get to work will fuel a successful career, add this to a stringent management of your own finances and a love for numbers and you’re on the right career path.

Be organised

There will be a lot of paperwork, and I mean a lot. If you are working for an organisation, or self-employed, there will always be a remittance, invoice or bank statement that you will need to organise to avoid loss, which will make you incredibly unpopular, or even worse!

e-Careers offer a range of courses, accredited by the likes of IAB, ICB and AAT to help you become a qualified Bookkeeper, to find out more click here.