(1) It is a vital role
Qualified, professional bookkeepers have a vital role to play in small businesses. As the bookkeeper you will often be the first to spot signs that a company is heading into difficulties by flagging up late paying debtors and cash flow issues. You can brief and advise your clients on legislation changes, putting those clients a step or two ahead of the game. You will become a vital and trusted advisor for the small business person.
(2) It is ideal for flexible working
It’s the perfect ‘work from home’ profession enabling you to build a successful career whilst managing your family life as well as any other commitments you may have, allowing you to have flexible work hours.
(3) You can be your own boss
Bookkeeping is the ideal profession if you want to be self-employed. You can run a profitable, successful bookkeeping business from home with little financial outlay and minimal overheads. You can also choose to set up your own small business and take on staff to increase your income.
(4) You will always be in demand
All businesses, no matter what size, require someone to manage their finances and highlight any issues as soon as they arise, to ensure the company continues to be profitable. With new businesses constantly being set up there is plenty of demand for bookkeepers, especially as one of the most common reasons for businesses failing in the first year is due to poorly managed finances. There are numerous firms looking for newly qualified and talented staff, while larger corporations will often have bookkeeping positions within their accounts departments.
(5) It is well paid
As a self-employed bookkeeper you can charge on average anything between £10 and £15 per hour (in the UK) which equates to roughly £20-25,000 per year. If you choose to work for a firm you can also expect to receive a competitive salary. Bookkeepers can carry out a wide range of services for their clients, increasing the amount of work you can carry out and thus charge for. These include tasks such as: accounts preparation, payroll, personal and business tax, VAT returns and of course bookkeeping.
(6) There are good progression routes
There are plenty of career options and progression routes for you within bookkeeping. You can offer bookkeeping and related services either on a self-employed basis or working for a firm. From there you can choose to become an accounting technician or a chartered accountant with a variety of awarding and professional bodies to help you on the way. You don’t need to go to university. Bookkeeping is a profession that has a variety of affordable entry routes and paths along which you can grow and pursue a career. If you are good with numbers then you are eligible and able to study to be a bookkeeper.