How Much Can I Earn?įor an entry-level bookkeeper, hourly rates hover at about $18.50 an hour. Generally, a bookkeeper is responsible for keeping track of all debits and credits - money going in and money going out on a daly basis. Putting debits and credits to appropriate accountsĪ bookkeeper may also receive receipts, reimburse company employees for work-related expenses, and take charge of accounts receivable.Posting financial records in computer programs. ![]() Other responsibilities of bookkeepers include: They may be responsible for paying bills or collecting payments on invoices. Unlike accountants, bookkeepers often take charge of a business’s daily financial health. ![]() That is, they don’t pay bills or deal with accounts payable or accounts receivable. Often, accountants audits financial statements, but aren’t responsible for day-to-day finances. Evaluate records and suggest ways to save money.But they also help individuals and businesses: You may use an accountant to do your taxes each year, and for good reason: Accountants figure out taxes owed and prepare tax returns. Bookkeepers, on the other hand, don’t require formal education.Įducation aside, the roles of a bookkeeper and accountant are also quite different. For starters, accountants often require a degree or even certification. In reality, they are two very completely different careers. Many people confuse a bookkeeper with an accountant. Sign up for a FREE Discovery Series to learn how to own a successful digital bookkeeping biz. The low overhead and next-to-nothing startup costs combined with the $80+ per hour rate help it land this coveted title.Īnd that’s why, if you’re in the market for a new online career, I highly recommend starting a virtual bookkeeping business.Įven if you have absolutely zero professional bookkeeping experience, you can get started with this in-demand, high-paying, remote-friendly career path. Did you know Entrepreneur named bookkeeping as one of the most profitable online small businesses?
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