Great video, bookkeepers in Australia do more than AP / AR including closing the books, journal entries etc. I hold a bachelors of economics in Colombia and did an diploma & advanced diploma of accounting in Australia. Been doing bookkeping for small busineses for 5-6 years. Looking to get more of an accountant role, so decided to start the CPA. Hoping is the right pathway.
Thanks for the video Bill! I've been contemplating whether to go the school route like getting my online degree with WGU and do audit / tax, or go the bookkeeping route. I enjoy accounting tho 👍🏼
I think it's very difficult to get a job as a bookkeeper with only a high school degree. Even university graduates with Business degrees are not finding jobs. I think people should get realistic expectations and realize most of the jobs ask for previous job experience. But where you get the first experience is the funny part.
If you only have HS diploma you will have to accept minimum wage in an entry level bookkeeping role. To get that, you'll need to show some initiative by learning online (videos/courses) to that you can draft a good resume that shows you've already taken these self-learning steps. So essentially you'll work your way from $15/hr to $50/hr over the course of 5 years.
Thank you Mr Hanna. This is a very informative video for me. I am a Bookeeper in Canada. I was thinking of improving my financial situation by opening up a small business. Your video just showed me a clear way.
Speaking as a NY'er. When I first began working as a BK, it was literally the scenario he described in the video. I was hired for a clerical position but in small businesses, you wear many hats, but I had no degree. I am now a CMA candidate and MBA working in finance. So it's possible to find work as a BK with no degree. The market values the BK knowledge more than degrees, especially if you've had BK positions. If you're starting off, and want to work in BK, I would try to think about past gigs where you did SOME KIND of BK type of work and highlight those tasks.
@@TheFinancialController I study accounting and passed Intuit International exam. Currently I'm looking remote bookkeeping job most company they want with experience which I dont have it. :-(
I worked as chief accountant in Ukraine more 15 years, after I learned and worked as chief financial officer more 12 years . I passed bookkeeping course and payroll in Ireland. I good understand everything in accounting and financial accounting and can prepare financial statements BS, PnL, CF direct and indirect method. I learning English financial to your video and would like to say you SO MUCH THANK ❤ for big help learning English financial
Hey man! Your videos are incredibly helpful. I'm about to start a 5-year career as a public accountant in Argentina. I'm 28 now, so sometimes I feel like I'm a bit late to enter this field, but I've developed a strong interest in it over the past year. Right now, I'm looking to switch jobs as soon as possible to something related to accounting or bookkeeping. I was thinking that maybe the best move for me would be to find a part-time job as a bookkeeper while attending university. What do you think? Thanks again for explaining the differences so clearly!
@@TheFinancialController Thank you for the encouragement! I really appreciate it. It’s great to hear that I’m on the right track. I’ll definitely start looking for something related to accounting or bookkeeping while studying.
Thanks for the Video. I am a qualified Accounting Technician in the UK with 5 years of corporate work experience. I work as an AP and AR for corporates. I would like to move to US as a bookkeeper. Do you think it's worth it? If so how to find these jobs? Thanks.
Hi, it's hard to answer this on limited info. But I know in the UK, many accountants are happy to use the free health care to set up their own shop as contractors and make higher rates per hour (contractor/company rate vs. employee)
To become a well-paid controller you need a bachelor degree (4) then master degree (2), then a cpa (2) and some ERP certification (1). And we are taking about 9 years. Almost as long as it takes for a doctor to study. A lot of ppl don’t wanna waste their time and prefer to work in IT where a barrier is lower. That’s why about 75% of CPA are past or closer to the retirement age.
@@MegaTimPim OK funny, because in Germany "CPA" is a Title Like a Medical doctor, means you need to do exams and actually do auditing. Once you left public auditing you loose the Title..therefore in Germany there is not a single controller with a CPA, rather a Ex-CPA
I’ll reframe this: I did 4 year college BA Accounting, cost me $28k (vs. $250k medical school). Then I started working in audit. I made progressively higher income from $55k to $200k by year 9/10. The cpa and erp experience came while I worked. Now my second 10 years should be $200k - $350k. I’d say it’s a good path.
I want 2 enter on a A.P. entry-level role remotely! It says u dont need previous experience because u will be provided with training, but I have a question 4 u: What free book or document do u recommend 4 me? As soon as I will have a job - I will enroll în ur academy for proper informations, but 4 now I dont have 400 dollars! Thank you, I am from Europe.
I want to know whether doing CPA worth it or not . I just started studying CPA and one article said that accountants and auditors will be automated by AI . Should I Quit or continue studying ? Please answer
AI is going to disrupt ALL professions (Law, Acctg, Engineering, etc). So is the answer to just give up and sit on the sidelines? Rather, pursue the profession of your choice and learn how to use AI to make you better at it. It's the advice I am giving my teenage kids.
Currently interning at PwC, and the use of AI has its limits. AI can only choose a right or wrong response, and completely removing human skepticism will not happen. Just make sure to embrace AI and go for the cpa. I will start studying in April and begin the testing process by September.
Your videos are really helpful. Thank you!
Great video, bookkeepers in Australia do more than AP / AR including closing the books, journal entries etc. I hold a bachelors of economics in Colombia and did an diploma & advanced diploma of accounting in Australia. Been doing bookkeping for small busineses for 5-6 years. Looking to get more of an accountant role, so decided to start the CPA. Hoping is the right pathway.
Sounds like a good plan/path. Thanks Natalia!
Hi, thanks for sharing your valuable knowledge here with us. Can you please make a video on freelancing as an accountant and bookkeeper?
Thanks for the video Bill! I've been contemplating whether to go the school route like getting my online degree with WGU and do audit / tax, or go the bookkeeping route. I enjoy accounting tho 👍🏼
Clear explanation 👍
Glad you liked it
I think it's very difficult to get a job as a bookkeeper with only a high school degree. Even university graduates with Business degrees are not finding jobs. I think people should get realistic expectations and realize most of the jobs ask for previous job experience. But where you get the first experience is the funny part.
If you only have HS diploma you will have to accept minimum wage in an entry level bookkeeping role. To get that, you'll need to show some initiative by learning online (videos/courses) to that you can draft a good resume that shows you've already taken these self-learning steps. So essentially you'll work your way from $15/hr to $50/hr over the course of 5 years.
Thank you Mr Hanna.
This is a very informative video for me.
I am a Bookeeper in Canada. I was thinking of improving my financial situation by opening up a small business.
Your video just showed me a clear way.
Speaking as a NY'er. When I first began working as a BK, it was literally the scenario he described in the video. I was hired for a clerical position but in small businesses, you wear many hats, but I had no degree. I am now a CMA candidate and MBA working in finance. So it's possible to find work as a BK with no degree. The market values the BK knowledge more than degrees, especially if you've had BK positions. If you're starting off, and want to work in BK, I would try to think about past gigs where you did SOME KIND of BK type of work and highlight those tasks.
@@TheFinancialController I study accounting and passed Intuit International exam. Currently I'm looking remote bookkeeping job most company they want with experience which I dont have it. :-(
I worked as chief accountant in Ukraine more 15 years, after I learned and worked as chief financial officer more 12 years .
I passed bookkeeping course and payroll in Ireland. I good understand everything in accounting and financial accounting and can prepare financial statements BS, PnL, CF direct and indirect method.
I learning English financial to your video and would like to say you SO MUCH THANK ❤ for big help learning English financial
Hey man! Your videos are incredibly helpful. I'm about to start a 5-year career as a public accountant in Argentina. I'm 28 now, so sometimes I feel like I'm a bit late to enter this field, but I've developed a strong interest in it over the past year. Right now, I'm looking to switch jobs as soon as possible to something related to accounting or bookkeeping. I was thinking that maybe the best move for me would be to find a part-time job as a bookkeeper while attending university. What do you think? Thanks again for explaining the differences so clearly!
Yeah, find any accounting or bookkeeping related work during college. You are not too old. 30 is the new 20 with todays life expectancy:)
@@TheFinancialController Thank you for the encouragement! I really appreciate it. It’s great to hear that I’m on the right track. I’ll definitely start looking for something related to accounting or bookkeeping while studying.
Make video about automation
❤❤❤
Hi Bill Where are you located?
NY metro area
Thanks for the Video. I am a qualified Accounting Technician in the UK with 5 years of corporate work experience. I work as an AP and AR for corporates. I would like to move to US as a bookkeeper. Do you think it's worth it? If so how to find these jobs? Thanks.
Hi, it's hard to answer this on limited info. But I know in the UK, many accountants are happy to use the free health care to set up their own shop as contractors and make higher rates per hour (contractor/company rate vs. employee)
To become a well-paid controller you need a bachelor degree (4) then master degree (2), then a cpa (2) and some ERP certification (1). And we are taking about 9 years. Almost as long as it takes for a doctor to study. A lot of ppl don’t wanna waste their time and prefer to work in IT where a barrier is lower. That’s why about 75% of CPA are past or closer to the retirement age.
In the US?
@ Si.
@@MegaTimPim OK funny, because in Germany "CPA" is a Title Like a Medical doctor, means you need to do exams and actually do auditing. Once you left public auditing you loose the Title..therefore in Germany there is not a single controller with a CPA, rather a Ex-CPA
I’ll reframe this: I did 4 year college BA Accounting, cost me $28k (vs. $250k medical school). Then I started working in audit. I made progressively higher income from $55k to $200k by year 9/10. The cpa and erp experience came while I worked. Now my second 10 years should be $200k - $350k. I’d say it’s a good path.
@@DeepDive9301 I’d recommend ACCA in that case.
I want 2 enter on a A.P. entry-level role remotely!
It says u dont need previous experience because u will be provided with training, but I have a question 4 u:
What free book or document do u recommend 4 me?
As soon as I will have a job - I will enroll în ur academy for proper informations, but 4 now I dont have 400 dollars!
Thank you,
I am from Europe.
I believe Intuit provides a free bookkeeping course on Coursera website
@@TheFinancialController
Thank you!
I will check it!
I want to know whether doing CPA worth it or not . I just started studying CPA and one article said that accountants and auditors will be automated by AI . Should I Quit or continue studying ? Please answer
AI is going to disrupt ALL professions (Law, Acctg, Engineering, etc). So is the answer to just give up and sit on the sidelines? Rather, pursue the profession of your choice and learn how to use AI to make you better at it. It's the advice I am giving my teenage kids.
Currently interning at PwC, and the use of AI has its limits. AI can only choose a right or wrong response, and completely removing human skepticism will not happen. Just make sure to embrace AI and go for the cpa. I will start studying in April and begin the testing process by September.