What You Should Know Before Studying Bookkeeping
Date Published: December 8, 2020
If you are thinking of studying bookkeeping, there are a few things you should know:
- Technology in this field is growing
- You will have a steady income
- You must prepare in order to pass
- It is an in-demand scarce skill
Technology in This Field Is Growing
It is no secret that the world of AI is slowly integrating itself into the workplace. This is especially true in industries such as accounting and bookkeeping.
With the growing use of technology and AI in bookkeeping, it is important that you learn how to use technology. It is also rather important that you keep up to date with all the latest software.
It is estimated that around 40% of accounting work will soon be taken over by AI. That means that you need to broaden your skill set so much that you become indispensable and cannot be outworked by technology.
You Will Have a Steady Income
As a bookkeeper, you can expect to have a rather steady income. Whether you choose to work for a company or to work for yourself, everybody needs a bookkeeper.
Bookkeeper salaries range from R92 00- R300 000 per year, depending on experience, working hours and industry.
This infographic from PayScale shows the salary of bookkeepers:
Prepare to Pass
Bookkeeping can be a tricky qualification to get through. It involves a lot of time, dedication and practice to get right.
If you do not prepare your work and practise every day, you are not going to pass a bookkeeping qualification.
Remember that when it comes to numbers, methods and formulas, the only way to get better is to practise every day. That includes doing your homework, past papers and asking questions in your class time.
It is an In-Demand Skill
Bookkeeping is a scarce skill in South Africa. That means that this qualification is in demand because very few people have it.
With a scarce skill, you can expect to earn a good salary whilst also never struggling to find a job. Critical or scarce skills are one of the best qualifications to have to ensure a long and successful career.
Bookkeeping will have you earning well, choosing your own working environment and keeping you employed. So why not start an ICB Bookkeeping course today?
Call us on 012 762 7100 to register or to speak to one of our course experts.
Author: Andrea Frisby