Bookkeeping Service Invoice Template

What Does a Bookkeeper Do?

A bookkeeper is an unlicensed professional that provides accounting services as an employee or independent contractor. A bookkeeper’s primary duties consist of the following:

• Balance checkbooks;
• Provide financial statements (ex. profit and loss statements, expense reports, etc.);
• Oversee financials (e.g. general ledgers, bank statements, etc.);
• Enter physical bills and receipts into accounting software;
• Provide budget estimates;
• Mileage Reimbursement;
• Payroll responsibilities; and
• Any other related accounting task that is requested by the client.

All of the above duties are to be completed in accordance with standard accounting procedures.

Related Invoices

Accounting Invoice – For licensed accountants (CPA’s). Expense Reimbursement Invoice – To be given to an employer to refund an employee for paying company expenses out-of-pocket.

Bookkeeper vs. Accountant

The average person may determine that an accountant and a bookkeeper provide the same roles and duties. They both can record financial transactions into a ledger and prepare financial statements for tax purposes. Although, there are significant differences between the two (2) titles:

Bookkeeper

• No license required. Certifications are available but are nothing more than a standard test in proper accounting methods.
• No analysis required. The job of a bookkeeper is to enter and export financial statements.
• No Financial Planning Advice. A traditional bookkeeper has not undergone the education required to provide financial planning advice to an individual or business.
• May NOT Conduct a Formal Audit.

Accountant

• State license required.
• Analysis required. An accountant may be asked to produce advanced accounting reports based on accounting records.
• Financial Planning Advice. An accountant is able to provide advice based on tax laws and other metrics to make recommendations to a business or individual.
• May Conduct a Formal Audit.

Bookkeeper Certifications

There are two (2) national organizations that exist for an individual to become certified:

American Institution of Professional Bookkeepers (AIPB)

• Requirements: At least two (2) years experience.
• Cost: $574 (members is $479)
• Exam: Four (4) parts covering adjusting entries, error correction, payroll, depreciation, inventory, and fraud detection.
• Passing Score: 70% (open-book portion) and 75% (prometric).
• Renewal: Must complete sixty (60) hours over a three (3) year period (fees not mentioned).

National Association of Certified Public Bookkeepers (NACPB)

• Requirements: Take the Training Course or provide documentation of similar courses taken elsewhere.
• Cost: Varies by Course Selection
• Exam: 50 multiple choice questions, minimum 75% correct, 2-hour time limit  (Schedule an Exam)
• Passing Score: 75%

Bookkeeper Salary & Hourly Rate ($/hr)

Salary: $41,818/yr (source: Glassdoor) Hourly Rate: $18.29/hr (source: Payscale)

Not sure where to start? Learn the basics in our complete guide on how to create invoices before customizing your template.