"A bookkeeper records the financial transactions of an organization and takes care of day-to-day functions such as recording sales and invoices, paying bills and processing payroll," Stephens said. "Accountants take the financial data and analyze it to help organizations make financial decisions."

Many bookkeeping professionals agree that their profession does not require any supernatural skills. As far as newcomers to the accounting industry are concerned, they certainly have a hard time at first. Yet, the same can be said about any other profession. All skills and abilities come only with time and experience.

Tracking Cash Flow Each day in a business, cash flows in and out. There are payments received and made. As a bookkeeper, you'll be responsible for tracking them with computerized software. You'll need to make regular reports about cash flow to the company managers.