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An account receivable clerk is a bookkeeping professional who manages a company's balance sheet and ensures that their company gets paid for the goods and services they provide to customers.
Analysis: An accountant can give you a comprehensive view of your business's financial state, along with strategies and recommendations for making financial decisions. Bookkeepers, on the other hand, are only responsible for recording financial transactions.
The average full-time bookkeeper earns nearly $40,000 per year (almost $19 an hour), according to the U.S. Bureau of Labor Statistics reports. But Robinson pointed out that as a freelancer or contractor, you can actually earn a higher hourly rate while working fewer hours.
To be a bookkeeper you need to have a money laundering license, also known as AML - Anti Money Laundering. If you don't have this you would be breaking the law if you start a bookkeeping business from home. License holders are offered a range of resources and guidance to help complying with your AML duties.
How to Become an Independent BookkeeperGet Your Degree. No one's going to trust you with their money if you haven't studied accounting and bookkeeping.Gain Practical Experience.Add Some Credentials.Handle Your Legal Issues.Start Marketing Yourself.
Bookkeepers perform some or all steps of the accounting cycle. A full-charge bookkeeper knows how to perform all the steps, and a clerical bookkeeper usually specializes in one or more steps and can also specialize in one area of operations, such as accounts payable (AP), accounts receivable (AR) or payroll.
A bookkeeper records and classifies a company's daily financial transactions (e.g., sales, payroll, payment of bills, etc.). Their focus is on accurate record keeping, and less focused on interpreting the data and analytics. An accountant builds on the information provided to them by the bookkeeper.
In Australia, you don't technically have to be certified in any way to work as a bookkeeper. That's the reason why small business owners can do their own books and BAS. Administrators with experience in bookkeeping can offer their services without having to get a qualification to formalise their experience.
Along with accounts receivable, many bookkeepers also handle their clients' accounts payable. That means the bookkeeper will handle all of the vendor bills that the company receives.
Small to mid-size businesses might employ their own bookkeepers. But in recent years, many have started offering bookkeeping services on a self-employed basis. This is good for businesses, as it means they can get all the benefits of a bookkeeper without having to employ a full-time member of staff.