Become an Online Bookkeeper

What is a Bookkeeper?

A bookkeeper serves as the financial backbone of a business by recording its daily financial transactions. From tracking inventory, expenses, and sales to managing accounts payable and receivable, their responsibilities are pivotal in informing a company about its monetary inflows and outflows. In addition, bookkeepers play a vital role in compiling detailed reports on a company's financial standing, providing valuable insights into cash flow, and often assisting in tax document filing.

Difference Between Accounting and Bookkeeping

While both bookkeepers and accountants deal with financial data, their focus and scope differ. Bookkeepers are primarily concerned with the day-to-day financial transactions, recording sales, expenditures, and inventory statuses. On the other hand, accountants take a broader, long-term perspective, analyzing factors such as overall sales trends, revenue fluctuations, and the company's debt structure. Accountants leverage the detailed records maintained by bookkeepers for strategic decision-making, tax planning, and revenue projections.

Qualities of a Successful Bookkeeper

There are several qualities that contribute to a bookkeeper's success:

Organization:

A well-organized bookkeeper can establish an effective system for record-keeping, ensuring that financial data is accurately tracked.

Attention to Detail:

Given the potential consequences of even small errors in data entry, bookkeepers must pay meticulous attention to detail to maintain accurate records.

Communication Skills:

Regularly compiling and sharing financial reports requires effective communication skills, especially when addressing issues in the records.

Diligence:

Successful bookkeepers exhibit diligence in their record-keeping responsibilities, ensuring that no crucial information or transactions are overlooked.

Mathematical Proficiency:

Comfort with mathematics is essential, as bookkeepers work extensively with numbers to accurately represent financial transactions.

Online Bookkeeping

With the rapid advancement in remote work online bookkeepers have seen a major push in demand. Creating the ability to offer financial record-keeping services either independently, as contractors, or as part of a third-party company. Their tasks typically include managing accounts receivable and payable, recording data, and generating financial reports. Leveraging digital tools, online bookkeepers may work with company databases and upload data to central servers, ensuring seamless collaboration from a distance. This has not only begun to revolutionize the way bookkeeping is done but opens up the opportunity to work remotely from anywhere.

Steps to Become an Online Bookkeeper

Earn a College Degree:

While not obligatory, a degree in accounting, finance, or business enhances one's understanding of financial principles and establishes a foundation for the role.

Find an internship:

Practical experience gained through internships is valuable, providing hands-on training and exposure to real-world bookkeeping scenarios. At NACPB we offer our Bookkeeping students’ hands on bookkeeping and payroll experience using QuickBooks Online.  

Take a Training Course:

Online training courses tailored for aspiring bookkeepers offer targeted education and skill development, preparing individuals for the demands of the profession. Visit our education page to learn more about what we offer and how you can hone your skills.

Get a Certification:

‍Acquiring a bookkeeping certification, such as the Certified Public Bookkeeper, demonstrates a comprehensive understanding of the role and enhances marketability. According to indeed.com* a bookkeeper who carries the CPB certification can make $10,000 more on average then a bookkeeper who doesn’t. *Please note NACPB is not affiliated with Indeed.com.

Create a Web Presence:

Creating a professional LinkedIn profile is a great way to showcase your skills and abilities. It allows perspective employers to look beyond your resume and see what other skills you bring to the table. You could also build a professional website. This allows aspiring bookkeepers to showcase their qualifications, making it easier for potential employers or clients to assess their credentials.

Use Digital Resources:

Explore online job platforms and service agencies that specialize in remote bookkeeping opportunities. Applying directly through company websites offering such positions can increase the chances of securing a remote bookkeeping role.

By following these steps, individuals can position themselves as qualified and competitive candidates in the growing field of online bookkeeping, enjoying the flexibility and convenience that remote work offers.

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