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This question is about what a bookkeeper does and bookkeeper.
How hard is it to become a bookkeeper?
It is not hard to become a bookkeeper. The job mainly involves categorizing spending and earnings properly and entering financial information into accounting systems. No formal education is required to be a bookkeeper, and only basic math skills are needed.
A person 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.
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