There are currently an estimated 1,730,500 bookkeepers in the United States. The bookkeeper job market is expected to shrink by -1.5% between 2016 and 2026.
How employable are bookkeepers?
CareerExplorer rates bookkeepers with a D employability rating, meaning this career should provide weak employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will lose -20,400 bookkeepers. That number is based on the retirement of 4,800 existing bookkeepers.
Are bookkeepers in demand?
The bookkeeping industry, like the fields of switchboard operation, word processing, and others, faces the challenge of software programs which can perform jobs previously carried out by humans. Still, while technology has reduced the need for bookkeepers to conduct trivial bookkeeping tasks, it is increasing the demand for skilled workers able to understand new technologies and operate new systems. This fact suggests that though fewer jobs are likely to exist in the field, the ones that remain should pay more, require more advanced skills, and involve greater responsibility. Because bookkeepers are essential in all kinds of businesses, openings may be more numerous in financial centres and large metropolitan areas. Aspiring bookkeepers who choose to specialize in a particular portfolio, such as scientific or technical services, construction, or forestry will, of course, augment their job prospects in those industries. General demand may be increased as accounting regulation laws are tightened and as financial crises cause investors to pay greater attention to corporate bookkeeping and transparency. Of course, healthy economies will generate additional need for bookkeepers. Many employers require applicants for bookkeeper positions to hold only a high school diploma, as this occupation often entails significant on-the-job training. It is not uncommon, however, for hiring companies to seek out candidates with an associate degree in accounting or business and training in data entry and bookkeeping software programs. While certification in this profession remains voluntary, applicants with the Certified Bookkeeper (CB) credential from The American Institute of Bookkeepers (AIPB) are considered among the most employable. Those who demonstrate strong attention to detail further enhance their prospects. Experienced and accomplished bookkeepers may find that their skills are transferable to positions such as financial supervisor, financial analyst, and financial manager.
What’s the supply of bookkeepers?
The bookkeeper industry is concentrated in California, Texas, New York
Bookkeeper job market by state
|State Name||Employed Bookkeepers|
|District of Columbia||3,810|
|Virgin Islands, U.S.||400|