"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.

A Day in the Life of a Bookkeeper. Bookkeepers track all cash flows, billing, and lines of credit that affect their companies. They must be detail-oriented and tenacious; they have to track down and rectify any discrepancies, however small, in the company accounts.