Accrual-Based Accounting This is a highly recommended method because it tells the company's financial status based on known incoming and outgoing funds. Because the funds are accounted for in the bookkeeping, you use the data to determine growth.

Earning a certification can boost your earning potential. If you work in a competitive job market, certification can give you a leg up when discussing salary potential with prospective employers. Additionally, your employer might be inclined to promote and offer higher salaries to certified bookkeepers.

Penn Foster's Bookkeeping Program can help prepare you for the first step in your financial career. This program has helped recent graduates find new jobs or start their own businesses while learning at their own pace. Learn more about Penn Foster graduates' experiences and how Penn Foster worked for them.

edX. Course Description: edX provides a host of free bookkeeping courses through the Association of Chartered Certified Accountants (ACCA). Topics include an introduction to bookkeeping, intermediate bookkeeping, financial accounting and introduction to management accounting.