Officers, employees, accountants, and other individuals involved in bookkeeping fraud can face charges and individual claims based on negligence, fraud, breach of contract, and breach of fiduciary duties.

Yes, a bookkeeping business can be very profitable. In fact, ZipRecruiter reports that the national average income for an independent bookkeeper is $56,100, though some report income as high as $122,000. The cost of doing business is relatively low, mostly related to bookkeeping software, so profit margins are high.

Besides recording transactions, you'll often find yourself having to dig deeper into financial reports and banking issues to get to the bottom of an issue or discrepancy. With an average yearly salary of $39,240, becoming a professional entry-level Bookkeeper can be the career move that you've been waiting for.

If you're just launching your bookkeeping career, a professional certification can set you apart from the competition. This credential can boost your credibility in the eyes of potential employers, especially if you're just breaking into the job market.