Bookkeepers manage a businesses’ financial accounts and ensure that they are accurate and easy to review. Bookkeeper’s work plays a significant role in the operation of a successful business, which can have very many transactions in a day, let alone a week, month, quarter or year.

If you are a detail-oriented employee who enjoys working with numbers, then you should consider a career as a bookkeeper.

In this blog, you will learn more about what bookkeeping and why they are important for every business. You will also explore how to become one and find suggested cost-effective bookkeeping course that can help you gain Job and skills.

What is bookkeeping?

Bookkeeping is the process of keeping record of a business transactions. Bookkeeping services include recording what money comes into and flows out from a business, such as payments made to vendors and received from customers. While bookkeeping management used to keep track of this information in books, much of the transaction is now done on accounting software. 

This skill used in both large companies and small businesses and bookkeepers are needed for every business and industry.

Important Fact

An interesting fact about Luca Pacioli, often referred to as "the father of bookkeeping," is that he was not only a mathematician and scholar but also a close collaborator of the renowned artist and inventor Leonardo da Vinci. Pacioli and da Vinci worked together on various projects, and Pacioli even wrote a book called "De divina proportione" (On Divine Proportion), which explored the mathematics of proportion and included illustrations by Leonardo da Vinci.

Bookkeeping Types

There are many types of bookkeeping that bookkeepers perform. Two of them are most common are single-entry bookkeeping and double-entry bookkeeping.

Single-entry bookkeeping: In this entry bookkeeper records all transactions in just one row. Typically, single entry bookkeeping is suitable for keeping record of cash, income and expenses.

Double-entry bookkeeping: In this entry bookkeeper records all transactions twice, usually a debit and a credit entry. Typically, double-entry bookkeeping uses for liabilities, equities, assets, expenses and revenue.

While single-entry bookkeeping is simple entry and double-entry is more thorough and less likely to produce errors.

Bookkeeper and Accountant - What’s the difference?

Both accountants and bookkeepers work to maintain business records of finances. Generally, bookkeeping manager focus on administrative tasks, such as completing payroll and recording incoming and outgoing flows. Accountants help businesses to understand the bigger picture of their financial situation. 

An accountant can also certainly perform bookkeeping tasks but the title generally involves other responsibilities as well. An accountant may explicate the financial records put together by a bookkeeper to assess a company’s financial situation. They may also perform company audits and prepare tax returns. Becoming an accountant usually requires more training certification and education than bookkeeping but can be a good next step in your finance.

What does a bookkeeper do?

Here are some task for a bookkeepers.

• Record transactions using accounting software, spreadsheets, and databases

• Collect and organize financial records, cash flow statements, bank documents, and loss statements

• Generate invoices and receive payments from customers

• Track debits and credits for various accounts

• Reconcile financial statements

• Create balance sheets and income statements

• Review reports for accuracy

• Complete payroll

• File business tax returns

Bookkeeper salary

Bookkeepers can expect: £20k to £24k.

How to become a bookkeeper

If you are organized and enjoy working with numbers, bookkeeper job could be a good fit.

1. Take a bookkeeping course from Professional Careers Training and Recruitment

A bookkeeping course can teach you the basic knowledge you will need to prepare financial reports and organize data using software’s like Microsoft Excel, QuickBooks, Xero and others. 

2. Get a bookkeeping certification from Professional Careers Training and Recruitment

This is very important that you have a recognize bookkeeping course certification. Professional Careers is very well known organization in UK. They are also offering online bookkeeping course.

3. Bookkeeping skills.

As you take bookkeeping courses and pursue a certification in bookkeeping, you must acquire skills that are essential for your bookkeeping career.

Technical skills:

• Debits and credits
• Invoicing 
• Billing 
• Vendor relations
• Accounts payable 
• Accounts receivable 
• Data entry
• Spreadsheets
• Payroll 
• Financial statements
• Bank reconciliation
• Accounting software 

Workplace skills:

• Organization
• Communication
• Time management 
• Attention to detail 
• Error correction 
• Oral and written communication  
• Decision making 
• Critical thinking 
• Interpersonal skills 

Get yourself enroll in Professional Career’s online bookkeeping course and get yourself up to date in the field of accounting.

Meta Title; Bookkeeping Course – Online Bookkeeping Course | Professional Careers

Meta Description; Unlock the world of bookkeeping with our comprehensive bookkeeping course, including an online bookkeeping course. Gain essential financial skills and embark on a path to financial expertise.