Bookkeeper: Duties & Salary
by Willette Francis
Auditing makes the world of business go round and all types of auditors are needed in every industry imaginable. With the right education and degree, you can find employment in public accounting firms, government, corporations, and more. If you're passionate about finance, computer savvy, and have great communication skills, then you definitely have what it takes for a rewarding auditing career.
What does a bookkeeper do?
Bookkeepers, accountants, and auditing clerks have the luxury of managing the financial aspects of large or small businesses. They are responsible for reconciling the accounting records through updates and maintenance and by tracking business expenses, accounts paid and received, and profits and losses. Auditing professionals have to be extremely computer literate and willing to work on computers for most of the day because this is where their calculations and record-keeping takes place.
Between small and large businesses, auditing responsibilities are slightly different. Auditing professionals at larger companies complete more specialized duties and assignments. Bookkeepers and bookkeeper clerks at smaller companies could take care of all or some accounts in which they are keeping a record of every single transaction, preparing reports and financial statements, and doing all of the banking including balancing the ledger and payments and payroll.
Auditing professionals at larger companies have accounting clerks, whose titles and level of experience determine their accounting tasks. Accounting clerks post and provide detailed transaction information, calculate interest charges, and maintain loan accounts. Those with more experience will also work with billing vouchers and document coding while senior clerks review and maintain a variety of accounting files and printouts on the computer. Auditing clerks verify colleagues' transactions as well as check figures and documents to make sure they are correct, which includes correcting and noting errors for other accountants or auditing workers.
How much do bookkeepers get paid and what kinds of bookkeeping jobs can I get?
According to the Bureau of Labor Statistics, in May 2006, the median salary for bookkeeping, accounting, and auditing clerks was $30,560. The top 10 percent in this field made more than $46,020. In addition to getting employment as bookkeeping, accounting, or auditing clerks, auditing professionals are employed as accountants, auditors, bill and account collectors, billing and posting clerks and machine operators, brokerage clerks, credit authorizers, payroll and timekeeping clerks, and procurement clerks. You also have the option of being a CPA with your own business. This will require you to generate business for yourself, know how to work well independently, and be very customer service oriented.
More than two million jobs were held by auditing professionals in 2006. Positions are available in all industries, such as local government, payroll services, tax preparation, and bookkeeping. All of these industries have the largest demand and employ the most auditing professionals.
This industry is expected to grow by 12 percent between 2006-2016 with the largest number of new jobs. The job prospects for those interested in an auditing career are excellent due to numerous openings because of workers retiring and/or changing to another industry. Those who have experience with a variety of duties and tasks will be in high demand and those who are certified bookkeepers with seven or more years in auditing will have better job prospects.
What does a bookkeeper do?
Bookkeepers, accountants, and auditing clerks have the luxury of managing the financial aspects of large or small businesses. They are responsible for reconciling the accounting records through updates and maintenance and by tracking business expenses, accounts paid and received, and profits and losses. Auditing professionals have to be extremely computer literate and willing to work on computers for most of the day because this is where their calculations and record-keeping takes place.
Between small and large businesses, auditing responsibilities are slightly different. Auditing professionals at larger companies complete more specialized duties and assignments. Bookkeepers and bookkeeper clerks at smaller companies could take care of all or some accounts in which they are keeping a record of every single transaction, preparing reports and financial statements, and doing all of the banking including balancing the ledger and payments and payroll.
Auditing professionals at larger companies have accounting clerks, whose titles and level of experience determine their accounting tasks. Accounting clerks post and provide detailed transaction information, calculate interest charges, and maintain loan accounts. Those with more experience will also work with billing vouchers and document coding while senior clerks review and maintain a variety of accounting files and printouts on the computer. Auditing clerks verify colleagues' transactions as well as check figures and documents to make sure they are correct, which includes correcting and noting errors for other accountants or auditing workers.
How much do bookkeepers get paid and what kinds of bookkeeping jobs can I get?
According to the Bureau of Labor Statistics, in May 2006, the median salary for bookkeeping, accounting, and auditing clerks was $30,560. The top 10 percent in this field made more than $46,020. In addition to getting employment as bookkeeping, accounting, or auditing clerks, auditing professionals are employed as accountants, auditors, bill and account collectors, billing and posting clerks and machine operators, brokerage clerks, credit authorizers, payroll and timekeeping clerks, and procurement clerks. You also have the option of being a CPA with your own business. This will require you to generate business for yourself, know how to work well independently, and be very customer service oriented.
More than two million jobs were held by auditing professionals in 2006. Positions are available in all industries, such as local government, payroll services, tax preparation, and bookkeeping. All of these industries have the largest demand and employ the most auditing professionals.
This industry is expected to grow by 12 percent between 2006-2016 with the largest number of new jobs. The job prospects for those interested in an auditing career are excellent due to numerous openings because of workers retiring and/or changing to another industry. Those who have experience with a variety of duties and tasks will be in high demand and those who are certified bookkeepers with seven or more years in auditing will have better job prospects.
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