What is a Bookkeeper? Definition Meaning Example

They must pay attention to detail in order to avoid making errors and recognize errors that others have made. Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software. With appropriate experience and additional education, some bookkeeping, accounting, and auditing clerks may become accountants or auditors.

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The median annual wage for bookkeeping, accounting, and auditing clerks was $45,560 in May 2021. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $29,120, and the highest 10 percent earned more than $61,980. Bookkeeping, accounting, and auditing clerks are responsible for producing accurate financial records.

• A good Bookkeeper is detail-oriented, organized and proficient in bookkeeping software.
• This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation.
• Under the guidance of a supervisor or another experienced employee, new clerks learn how to do their tasks, such as double-entry bookkeeping.
• I made this tool after working on Related Words which is a very similar tool, except it uses a bunch of algorithms and multiple databases to find similar words to a search query.
• Employers generally prefer to hire candidates who have a high school diploma and have completed college courses in related subjects, such as accounting.
• Bookkeeping, accounting, and auditing clerks need to be comfortable using computer spreadsheets and bookkeeping software.

Occupational employment projections are developed for all states by Labor Market Information or individual state Employment Projections offices. All state projections data are available at Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. In addition, states may produce projections for areas; there are links to each state’s websites where these data may be retrieved. Ultimately, the Bookkeeper’s responsibilities are to accurately record all day-to-day financial transactions of our company. As an example, Acme recently had a large shipment of plastic flamingos from PF Co. that cost $750.50 wholesale. In the ledger, Brenda would label this expense as a purchase, note the cost down to the cents, and explicitly indicate that the amount was paid to PF Co. She would record Tuesday’s sales of $1,430.75 as receipts for the given date.

What is a Bookkeeper?

Financial Clerks Financial clerks do administrative work, help customers, and carry out transactions that involve money. Cost Estimators Cost estimators collect and analyze data in order to assess the time, money, materials, and labor required to make a product or provide a service. For certification, candidates must have at least 2 years of full-time bookkeeping experience or equivalent part-time work, pass a four-part exam, and adhere to a code of ethics. Some formal classroom training also may be necessary, such as training in specialized computer software. In addition, they may handle payroll, make purchases, prepare invoices, and keep track of overdue accounts. As we mentioned earlier, every business needs to be on the ball when it comes to their bookkeeping, no matter how big or small they are.

Add your specific https://www.bookstime.com/ responsibilities to attract the most qualified candidates for your company. The work or skill of keeping account books or systematic records of money transactions . For example, a larger business that receives tens of thousands of orders per day will need a far more complex bookkeeping system than that of a small village bakery. The more transactions you need to record, the more complex your system will need to be to cope. Urban Thesaurus finds slang words that are related to your search query.