Qualified, professional bookkeepers have a vital role to play in the health of the country’s small businesses. A bookkeeper will often be the first to spot signs that a company is heading into difficulties by flagging up late paying creditors and cash flow issues.
As members of the IAB, they will be up to date with legislation changes which they can brief and advise their clients on, putting those clients a step or two ahead of the game. A good bookkeeper will become a vital and trusted advisor for the small business person.
If you are currently studying, considering a career change or thinking of launching a career as a bookkeeper, there are a number of reasons why this career route is so appealing and rewarding.
- Be in demand: Qualified, professional bookkeepers have a vital role to play in the health of the country’s small businesses. A bookkeeper 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. 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. In 2016 nearly 660,000 companies were established in the UK according to the Centre for Entrepreneurs, a think-tank. There is plenty of demand out there 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 also numerous firms looking for qualified and talented staff, while larger corporations will often have bookkeeping positions within their accounts department.
- Ideal for flexible working: A career as a bookkeeper is the perfect ‘work from home’ profession enabling you to build a successful career whilst managing family life as well as any other commitments you may have, resulting in you having flexible work hours.
- Be your own boss: Bookkeeping is the ideal profession if you want to be self-employed. A profitable, successful bookkeeping business can be run from home with little financial outlay and minimal overheads. Some self-employed bookkeepers also choose to take on staff to increase the number of clients they can support and increase their profitability while enjoying being their own boss.
- Routes for progression: There are plenty of career options and progression routes within bookkeeping. Many people choose to 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 presents students with a variety of affordable entry routes and paths along which they can grow and pursue a career. Anyone who is good with numbers is eligible and able to study to be a bookkeeper. IAB qualifications are an excellent way to ensure you have all the required skills and are fully qualified for when it comes to gaining employment. IAB qualifications start at Level 1 and progress to Level 3 which is equivalent to A-Levels.
- Keep your skills and knowledge updated: If you join the IAB as a professional member, you will be up to date with legislation changes which you can in turn brief and advise your clients or employer on, putting them a step or two ahead of the game. A good bookkeeper will become a vital and trusted advisor for the small business person.
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