Are Bookkeepers in Demand

are bookkeepers in demand

Additionally, the percentage of female bookkeepers has decreased by -0.1 percentage points since 2010. That means there are a total of 811,188 female bookkeepers in the U.S. and 175,659 male bookkeepers in the United States. Note that Zippia’s estimate accounts only for the 986,847 people with the specific job title of bookkeeper and doesn’t include grouping similar job titles, or people with potentially similar credentialing. Bookkeepers earn the most in New York, where the average bookkeeper salary is $48,079.

Notably, Texas has two cities (Dallas and Houston) in the top five employers of bookkeeping, accounting, and auditing clerks among metro areas. Credentials like the CB and CPB certifications may also help bookkeepers develop the superior skills that boost their overall compensation rates. Depending on the employer, bookkeepers may qualify for are bookkeepers in demand other forms of compensation, such as performance bonuses. The COVID-19 pandemic accelerated the adoption of remote work arrangements across various industries. Many bookkeepers now offer remote services, allowing them to work with clients from across the country. The map below shows you the number of bookkeeper job openings in each state.

Bookkeeper unemployment rate over time

NACPB also offers a Certified Public Bookkeeper license, which takes several months. Both AIPB and NACPB require previous bookkeeping experience to qualify for their courses. The global accounting software market share will be worth around $4.25 billion by the end of 2023 and just three years later will reach approximately $19.59 billion.

  • The bookkeeping services market refers to the industry of companies or individuals who provide financial record-keeping services to businesses and organizations.
  • They are just another staff member, working in an office that’s a bit further away,” said Richard.
  • Laura is a freelance writer specializing in ecommerce, lifestyle, and SMB content.
  • TOA Global has helped more than 1,000 international clients scale efficiently in every business cycle.
  • Additionally, bookkeepers can work as contractors or freelancers, allowing them more flexibility and freedom to choose their hours and locations.
  • As a result, the demand for bookkeepers is expected to grow substantially in the coming years.

However, keep in mind that those higher living costs may cancel out the financial benefits of increased bookkeeping salaries. In this day and age, the providers you contract with don’t need to be in the same city, state or even time zone as you. Remote work has expanded across nearly every field, including bookkeeping. If you find someone who is a good fit for your business needs, it doesn’t matter if they are in California while you work from New York. You’ll want to create a contract that outlines details, such as deadlines, rates and expectations so that everyone is on the same page. At Ablison.com, we believe in providing our readers with useful information and education on a multitude of topics.

Bookkeeping Industry Trends to Watch in 2023

While these requirements may sound tedious, they could benefit your career in the long term. As a bookkeeper, your income level may vary based on your location, experience and employer. If you work in a competitive job market, certification can give you a leg up when discussing salary potential with prospective employers. Earning a bookkeeping certification involves weeks of studying, hours of test preparation and a significant financial investment.

are bookkeepers in demand

Their expertise ensures that financial records are accurate, taxes are filed correctly, and businesses thrive in a competitive landscape. The rise in demand for bookkeepers is a testament to their enduring importance in the world of finance and their commitment to helping businesses succeed. If you find that you have a talent for and enjoy the process, you may consider starting your own bookkeeping business providing this service to others. There’s always a demand for experienced, efficient bookkeepers in nearly every industry. Companies often outsource the organization of their finances to independent professionals, then hire accountants for more complex issues and tax filing. Bookkeeping is the process of keeping track of financial transactions for an organization, ensuring that the books are balanced and the financial records are accurate.

Basic bookkeeping responsibilities

In 2020, they combined to account for more than 11.5% of all bookkeeping, accounting, and auditing clerks working in the United States. Instead of graduate degrees, bookkeepers can earn professional certifications that indicate greater ability. These include the certified bookkeeper (CB) designation offered by the American Institute of Professional Bookkeepers. The U.S. tax system is notoriously intricate, and it evolves regularly with changes in federal, state, and local laws. The demand for bookkeepers has surged as businesses seek to navigate this complex landscape while minimizing tax liabilities.

In addition to having the education and qualifications, bookkeepers are expected to be members of The American Institute of Bookkeepers. This means that those without such qualifications will be at a disadvantage. However, job growth is expected in the bookkeeping & accounting areas due to the mass retirement and exodus of Baby Boomers. With their numbers sharply declining, the need to fill such positions is on the rise.

One challenge that bookkeepers often face is maintaining a healthy work-life balance. The nature of the job requires meticulous attention to detail and long hours, which can make it difficult to find time for personal pursuits or family commitments. If you are looking for job stability and a competitive salary, being a bookkeeper is an ideal career choice due to its high demand in the market.

are bookkeepers in demand

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