Many small businesses hire either a part-time or full-time bookkeeper to help manage company finances, but the number of bookkeepers hired depends on various market factors. Career opportunities for bookkeepers are more numerous in large metropolitan areas such as New York City, which has a high concentration of small businesses. However, small businesses everywhere often need experienced bookkeepers.
Bookkeeping is a growth career, and projected demand for bookkeepers is expected to grow 11 percent by 2022, according to The Bureau of Labor Statistics. Small companies turn to bookkeepers when they are unable to manage bookkeeping duties. Some companies lack adequate accounting systems, and a bookkeeper is brought in to set up and run all of the company's financial accounts. Many business owners are too busy to keep track of daily expenses, receipts, credit card payments and employee payroll. Bookkeepers are also helpful to companies that conduct business in highly regulated industries, such as health care, insurance and financial services.
Small businesses with fewer than 30 employees are likely to hire part-time bookkeepers, unless the company has an exceptional need. Companies with 30 to 50 employees, earning 1 million or more in revenues, are able to hire a full-time bookkeeper. To save money some companies prefer to hire a bookkeeper over an expensive certified public accountant.