Bookkeeping can be defined as the recording of financial dealings and transactions in the general ledger. These transactions consist of sales, purchases, income, and payments by individuals and the organization as a whole. Bookkeepers differ from accountants in the sense that the latter have more specialized task and typically work for large companies. The reports created by an accountant are collected from the bookkeeper’s recorded financial transactions. Any practice that involves the recording of financial transactions should be perceived as a Bookkeeping process. There are some general methods of Bookkeeping, including the “Single-Entry” and the “Double-Entry” Bookkeeping system.
There are various certifications, diplomas, bachelors and masters degree programs in Bookkeeping. There are also international regulating bodies such as the American Institute of Professional Bookkeepers (AIPB). This institute offers one of the best certifications in professional bookkeeping. Some individuals also prefer specializing in accounting so they can leverage upon the degree during the job application process. There are also numerous online bookkeeping courses, designed to help individuals wanting to study from home. The online variant of the bookkeeping course is also usually cheaper than the on-campus program.
Bookkeeping should be carried out in an organized and detailed process to minimize errors and to identify oversights made by others. The students of Bookkeeping are taught to be discreet and trustworthy, because they regularly come in contact with classified material. They are also expected to have good communication skills since they work with customers and also need to have an aptitude for numbers.
Careers in Bookkeeping
Bookkeeping, accounting, and auditing professionals held 1,606,260 jobs as of May 2012. They work in the state and local government, healthcare, educational services, and financial management firms and payroll services industries. Bookkeeping jobs are expected to grow by 14 percent during the 2010-2012 decade. The US Bureau of Labor Statistics estimated that as of May 2012, the annual median wage of bookkeeping and accounting clerks was $35,170 with those in the top ten percent earning above $54,310. Hence, the pay scale increases significantly with experience and expertise. Some bookkeepers also choose to work privately.
Q:Are the bookkeeping jobs the same as accountancy jobs?
A:Even though bookkeeping can seem to be similar to accounting, both are fairly different from each other. There are specialist jobs that only an individual with a bookkeeping degree can apply for.
Q:Can the bookkeeping classes be pursued online?
A:Sure. Bookkeeping classes can also be taken online. The course structure and content is the same as offered in the traditional campus-based classes. Online bookkeeping courses can be pursued from the ease of home. Institutes offering online bookkeeping classes include US Career Institute. These online bookkeeping courses need to be accredited with the International Association for Continuing Education and Training (IACET) or the Distance Education and Training Council (DETC).
Q:Can I get financial aid for pursuing bookkeeping courses?
A:Student financial aid can be obtained to pay for bookkeeping courses. These include scholarships, grants, work-study and student loan plans. To be eligible for the scholarships and grants you need to apply much prior to the deadline, to maximize your chances of approval.
Q:Can you name a few Bookkeeping Schools?
A:Yes. There are a bunch of Bookkeeping Schools mentioned on our website. Here are the names of some well known Bookkeeping Schools: Penn Foster Career School, US Career Institute, Grand Canyon University, University of Pennsylvania, University of Illinois, University of Texas, Miami Dade College, College of Southern Nevada, University of Akron and Portland Community College.
Q:How can I become a well known bookkeeper?
A:To be a well known bookkeeper, you need formal education in bookkeeping. Several courses in bookkeeping are offered in the online institutes listed on our website and in campus based schools as well. You need to get enrolled in an accredited bookkeeping degree program and clear the course with flying colors. Dedication and hard work towards your profession leads to ultimate recognition and appreciation.
Q:While searching on university bookkeeping, I came across the option of online education. What are the advantages of pursuing an online qualification?
A:One of the biggest advantages of pursuing an online qualification as opposed to a campus based one is that it gives the student an opportunity to learn and understand the subject at their own convenience. Online degrees has a ditto accredited curriculum which allow the students to save time and money. These courses are relatively inexpensive and are ideal for students already working or home makers looking to add a qualification to their resume.
Q:Are there any jobs in bookkeeping online degree holders?
A:Yes. There are a number of job opportunities for online degree holders as well. Online degrees have the ditto course content; therefore, there is no difference in the career prospects as well. Online bookkeeping degree holders can work as auditors, assistant accounting managers, and bookkeeping managers in government offices, private firms, accounting firms, and auditing houses.
Q:Can you please tell me some of the top schools offering Booking keeping courses?
A:Some of the top schools in the United States offering Bookkeeping courses are, Miami Dade College, College of Southern Nevada, University of Illinois at Urbana-Champagne, University of Pennsylvania, St. Petersburg College, Montgomery College, Mesa Community College and University of Texas-Austin. The schools are offering Bachelor's and Master's degrees as well as courses in Bookkeeping.
Q:As I went through the pay scale entry level bookkeeper, there was mention of the course on Principles of Accounting. What are the contents of this course?
A:It is common to get to read about the course on Principles of Accounting while going through Pay Scale Entry Level Bookkeeper programs.This course is worth 4 credits in total. It is designed to provide the students with ample understanding of the advanced accounting concepts as well as the ways to analyze payroll and merchandizing.
Q:Could you tell me how to become a bookkeeper online?
A:If you are looking to become a bookkeeper online, you will need to enroll into an online school that offers courses in bookkeeping. The most basic courses in bookkeeping that can get you started at entry levels in the bookkeeping field include certificates and diplomas that take 6 months to a year to complete. An online school will let you enroll, attend classes and appear for your exams over the internet, from the comfort of your home.
Q:My search on accredited online bookkeeping school mentioned certified bookkeepers. What constitutes a certified bookkeeper?
A:Searching about accredited online bookkeeping school would mention a certified bookkeeper. A certified bookkeeper is an individual who has passed the national examination at the sylvan-pro metric test center. The professional has at least two years of experience with a signed code of ethics. And these professionals are also required to achieve the highest national standards of bookkeepers in accounting, taxation and payroll.
Q:My search on book keeping online school mentioned double entry bookkeeping system. What is the purpose of this system?
A:A bookkeeping online school search would mention double entry bookkeeping system. It is a set of rules devised to record financial information. The entries are made twice labeled as credit and debit. These entries are now recorded on a computer system as opposed to in ledgers previously. This helps in accurate recording of figures and minimizes errors. Prospective students are advised to search our website for a list of institutions offering this qualification.
Q:While searching about bookkeeping career school, I came across a course in intermediate bookkeeping techniques. What is included in this course?
A: Searching for bookkeeping career school would mention a course in intermediate bookkeeping techniques. This course trains students on how to effectively book keep with the help of some of the tools. These techniques include use of special ledgers, dealing with cash, statement of cash flows, accounting for partnerships, and subsidiary ledgers. This course is an integral part of the bookkeeping program.
Q:What areas will I be proficient in after studying online bookkeeping programs?
A:After studying online bookkeeping programs students will be proficient in a number of areas. Students will have familiarization with accounting terminology, accounting principles, classify items, understand debits and credit, journalize entries, utilize worksheets, bank reconciliation, and post adjusting entries. These are just some of the areas the student will be competent in. For more information students are requested to search our website.
Q:Is it true that online bookkeeping school is less expensive than pursuing a degree from a campus based bookkeeping school?
A:Yes, it is true that online education is far less expensive than campus based education. The tuition costs of online programs are low. Other factors that lead to decrease in expenses are no transportation costs or material costs of the program. Students can also pursue employment while being enrolled in the program. All these factors make online programs affordable.
Q:Revenue Administration was mentioned when searching for bookkeeping courses in institute. What is included in this course?
A:There is a possibility of Revenue Administration being mentioned when searching for bookkeeping courses in institute. This course primarily deals with the purpose of taxation in the United States. Students with the help of this course also learn about the role of legislation in taxation, diversity of taxation and differences in administrative programs. Students interested are advised to search our website for more information.
Q:What are the contents of the course on Marketing Principles in the online bookkeeping degrees?
A:The Online Bookkeeping Degrees also have a contemporary course on Marketing Principles. This course usually is of around 2 credits in total. It is designed to provide students with strong understanding of the different concepts of marketing that are applied in the country, along with understanding of business marketing strategies. Hands on experience is also provided.
Q:Why should I opt for an bookkeeping degree online?
A:Online education has a number of benefits. Online bookkeeping programs are offered by many online accounting schools. These programs are ideal for individuals who are already working and can't take the time out for campus classes. Low costs of programs, time and schedule flexibility, self paced, and o travelling required are just a few of the major benefits that come with online programs.
Q:What is bookkeeping as opposed to accounting?
A:Bookkeeping is the maintenance of the books, or the accounts, of an individual, but more commonly, a business. It often involves keeping a log of all incoming finance and of expenditure. Once the bookkeeping for a certain period, such a month, quarter of financial year, has been completed many businesses will then pass the books/accounts to an accredited accountant to prepare the business' financial reports which are more involving and complex that keeping the books.
Q:Should I take online bookkeeping courses instead of courses offered at the campus?
A:Online bookkeeping courses can be more convenient to pursue. If you enroll in an online program, you will not have to worry about attending classes and can easily study at any time of the day according to you routine. You can also pursue a job side by side and acquire practical experience. Online education has proved to be more cost friendly and flexible.
Q:In a bookkeeping accredited online course, what will I learn?
A:Bookkeeping courses are designed to train individuals about this field and help them understand the importance of bookkeeping services. If you enroll in such programs, you will learn how to apply various accounting policies, manage accounts, and classify accounting data. This field of accounting is on the rise and is expected to grow a t a fast rate in the coming years.
Q:Tell me about bookkeeping school online?
A:Bookkeeping schools offer various certifications, diplomas, bachelors and masters degree programs. These schools are regulated by the such international bodies such as the American Institute of Professional Bookkeepers (AIPB). Such certifications vouch that these institutions provide the best professional courses in bookkeeping. Some students also prefer to study Accounting with bookkeeping to give them an edge in the job market.
Q:I am trying to find out what is the bookkeeping syllabus, Can you help me?
A:Bookkeeping courses are designed for students who wish to enhance their accounting skills and become professional bookkeepers. The program entails a wide range of subjects related to accounting and finance. Some of the subjects have been mentioned here: accounting and investing, accounting cycle, computerized accounting, language of accounting, ledger accounts, financial statement analysis, and more.
Q:Will an online bookkeeping training program help me get ready for a bookkeeper career?
A:Yes, you can learn about various bookkeeping methods and prepare yourself for a career in this field. Bookkeepers basically keep a track of inventory, accounting books, merchandising, and payroll. With an advanced qualification in this area you can apply for a job in various government agencies or private institutions. Before enrolling in any program, make sure you check the accreditation of the program.
Q:I am trying to get a loan to enroll in bookkeeping schools online. How can I apply for a loan?
A:If you are applying for a federal student loan, you will have to fill out a FAFSA form online. This is a simple and convenient process. The main loans that fall under the category of federal student loans are: Stafford loan, Perkins loan, and graduate PLUS loan. The process for private loans is different and can be more difficult to attain.
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