Everything is about numbers in bookkeeping. In bookkeeping, the bookkeepers—sometimes referred to as bookkeeping clerks—work with the accounts team of a company and are responsible for a number of critical functions.
The primary function performed by bookkeepers is that of recording each and every transaction, income, and deposit made into the accounts of the company.
They are accountable for the data entered into the system, and therefore, may be called for explanation whenever discrepancies arise in the financial records.
Thus, bookkeeping should not be considered a mere freelance data entry job; it is much more than that since the numbers reflect the health of the company and no company would like to mess up with them unless they have some ulterior motives.
Bookkeeping is an old profession, but it has become increasingly popular in the freelance community. There are convenience and balance of power, which contribute to the rising numbers of freelance bookkeepers lately.
However easy it may seem but it is not a piece of cake to become a part of this community, considering the mammoth increase in competition. The employers want the best and to become the best, you will have to keep in mind some basics.
In this article, we shall introduce to you four basic aspects of freelance bookkeeping which you must keep in mind:
On an international scale, the general requirement is a high school diploma and understanding of fundamental accounting, spreadsheets, and computers. But, the trend is changing, and the demands of the employers have become stricter and wider.
Now they want more than just a high school diploma, and let us discover what they are:
While going through your application, the first thing the employer will assess is the portfolio of skills or resume attached to it. The portfolio of skills is extremely important and, therefore, proper attention must be given in its formulation.
You cannot randomly add any kind of skill, which has no relevance to the job of bookkeeping whatsoever, and thus, read whatever is mentioned below carefully and incorporate the same in the portfolio.
Most organizations—whether public or private—require bookkeepers. Data inflow is usually heavy and without any organization and the assistance of bookkeepers, everything will go simply haywire.
While the work opportunities are plenty, a more important question should be asked as to how to keep a track on the availability of jobs.
The answer is freelance websites. These websites are hoards of opportunities, and one can have a 24×7 access to these through simple formalities—the creation of a profile, submission of a portfolio of skills and customization of job searches. You will then receive filtered notifications and can, accordingly, submit applications. Examples of such websites include linkedin.com, letsintern.com, worknhire.com, etc.
A freelance bookkeeper will have to name his price, but that is not the end of it. Often, there are constraints on pay scale due to a host of factors such as the financial health of the company, education, and experience of the bookkeeper, etc.
A rookie freelancer may earn as much as Rs. 10,000 per month, but the amount will definitely vary; an experienced freelance bookkeeper may go on to earn as much as Rs. 50,000 per month and even more.