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How do I get started in bookkeeping?

By Zippia Team - Dec. 17, 2021

You can get started in bookkeeping by completing an associate's degree at an accredited college or university. It is also possible to self-learn bookkeeping before gaining a certification or license in the field, but the simplest and quickest way is generally through a two-year accounting program.

In order to get started in bookkeeping, a person should first learn a few basic bookkeeping concepts. The first concept is to know how to complete your records. Typically, there are three popular options: spreadsheets, accounting books, or bookkeeping software.

In addition to understanding how records are being kept, a person should ensure they understand the basic types of records that they may be performing. These include:

  • Cash: The account where all business transactions pass.

  • Accounts Receivable: This account tracks the money due from customers.

  • Inventory: This account records all of the products in stock.

  • Accounts Payable: This account gives a clear view of everything that needs to be paid.

  • Loans Payable: The account which tracks and breaks down everything that is still owed and when payments are due for borrowed money.

  • Payroll Expenses: This account tracks salaries and wages paid to employees.

  • Retained Earnings: This account tracks any company profits that are reinvested in the business and are not paid out to the owners.

How do I get started in bookkeeping?

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