The following 10 things to know about Idaho bookkeepers and bookkeeping are just what you need to either hire a bookkeeper in this state or become one.
1. How Much Do Idaho Bookkeepers Cost?
In Idaho, the hourly compensation for bookkeepers is typically around $19 and $29, according to the U.S. Bureau of Labor.
For smaller companies, one alternative that is both practical and more efficient is to hire a freelance bookkeeper to handle the books. For example, on Upwork, bookkeepers who work as independent contractors in the state of Idaho provide their services for a price ranging from $24 to $100 per hour.
Let’s take a look at some more precise information on the expense of employing a bookkeeper in the state of Idaho.
2. What Are Typical Bookkeeper Hourly Rates in Idaho?
If you live in Idaho and are interested in hiring a bookkeeper on an hourly basis, hereunder is a range of the base costs that you can anticipate spending:
- Indeed: Average: $19.5 per hour (high: $26.22; low: $14.51)
- Payscale: Average: $19.47 per hour (high: $24.81; low: $15.47)
- Glassdoor: Average: $17 per hour (high: $21; low: $11)
- Bookkeepers.com: Average: $15.5 per hour.
- Pilot: $18.5 per hour.
According to the most recent update by the U.S. Department of Labor, the following hourly rates apply to Idaho bookkeepers:
- Entry Level: $18.14 per hour
- Mean: $19.20 per hour
3. What Is The Average Bookkeeper’s Salary in Idaho?
The following is a breakdown of the compensation ranges for full-time bookkeepers in the state of Idaho:
- Indeed: Average $39,774 per year (high: $53,472; low: $29,585)
- Salary.com: Average $39,813 per year (high: $44,268; low: $35,389)
- Glassdoor: Average: $42,756 per year (senior: $54,534)
- Zippia: Average: $36,401 per year (high: $46,000; low: $28,000)
- Salary Expert: $42,690 per year (high: $51,637; low: $31,964)
- Talent.com: Average: $40,950 per year (high: $50,700; low: $36,075)
- Payscale: Average: $44,452 per year (high: $47,000; low: $28,000)
- Pilot: Average $38,470 per year
- Bookkeepers: Average $29,760 per year
According to the most recent update by O*NET using data from Idaho Wages 43-3031.00 – Bookkeeping, Accounting, and Auditing Clerks, the following annual wage is valid for bookkeepers in this state:
- Entry Level: $23,520 per year
- Mean: $37,740 per year
- Experienced: $59,660 per year
4. What Does an Idaho Bookkeeper Do?
Bookkeepers are in charge of making sure that an organization’s financial information is accurate and up-to-date. Most of the time, their findings are sent to the company owners and managers so that they can help them make decisions.
Here are some of the most important responsibilities bookkeepers have in Idaho:
- Capture, store, and analyse information using accounting software.
- Verify that all of the figures have been entered correctly and are accurate mathematically, on top of using the appropriate codes.
- Carry out financial calculations.
- Carry out typical office responsibilities, such as filing, responding to incoming calls, and managing regular correspondence.
- Organize and process payroll information.
- Prepare bank deposits by compiling data provided by cashiers, verifying and balancing receipts, and transferring cash, cheques, or other payment types to banks.
- Prepare the necessary documentation and data for the budget, taking into account the projected income and costs.
- Compute, create, and distribute financial statements, such as bills, invoices, and account statements according to the policies and processes that have been established.
- Do the necessary preparations for purchase orders and expenditure reports.
5. How To Become A Bookkeeper in Idaho
According to the Bureau of Labor statistics, if you want to work as a bookkeeper, you must be a high school graduate. If you have completed at least one level of higher education or have a certificate, the majority of companies will offer you preferential employment treatment.
To become a Certified Bookkeeper in this state, you must first earn a passing score on the AIPB certification examinations and then provide evidence that you have at least 3,000 hours of part-time job experience or two years of full-time professional experience. If you do not meet these requirements, your application for certification will be denied.
The National Association of Certified Public Bookkeepers (NACPB) and the American Institute of Professional Bookkeepers (AIPB) are the two organisations that offer certification in bookkeeping. The certification is valid in all states.
The five stages that are outlined below provide the proper direction for achieving success in an accounting career in Idaho:
- Finish your high school education and earn your diploma.
- Enrol in an undergraduate college program.
- Develop experience.
- Participate in classes or earn a certificate.
- Make an effort to secure a training position or internship.
After obtaining the necessary skills, you will have the option of working as a full-time employee or as a self-employed bookkeeper.
6. Do You Need To Be Certified or Licensed To Be an Idaho Bookkeeper?
You don’t need a certificate to start working as a bookkeeper in Idaho.
7. Can I Take Any Bookkeeping Classes in Idaho?
There are seven classes that can be taken either in-person or online. Class lengths range from six hours to two days, and prices go anywhere from $263 to $1,313 for the following bookkeeping classes in Idaho:
- ONLC Training Centers QuickBooks Desktop Introduction: $695
- ONLC Training Centers QuickBooks Desktop Beyond the Basics: $695
- NYIM Training Intro to Financial Accounting: $325
- NYC Career Centers Intro to Financial Accounting: $325
- City Lit Introduction to business accounting: $270
- The Knowledge Academy Bookkeeping Training: $1,346
- The Knowledge Academy Introduction to Payroll: $1,346
8. What Software Can I Use For Bookkeeping in Idaho?
The five software options are the best bookkeeping platforms that can be used in the state of Idaho.
I. Xero
Xero is a bookkeeping software accessible over the cloud and designed exclusively for sole proprietors and other small companies. With Xero, you can track and pay bills, connect your bank to your account, accept payments, and claim expenses. Other features included in their monthly plan are:
- Creating and sending purchase orders
- Automatically calculating sales tax
- Keeping track of inventory
- Managing Xero contacts
- Accounting dashboard
- Managing fixed assets
- Bank reconciliation
- Tracking projects
- Sending invoices
- Capturing data
- Multi-currency
- File storage
- Reporting
- Pay runs
Starter for $25, Standard for $40, and Premium for $54 are the three monthly plans available with Xero.
II. QuickBooks
QuickBooks is an established accounting software supplier that has both desktop and online versions accessible in Idaho. With QuickBooks, you can create custom invoices, organize your expenses, connect with your bank, send payment reminders, and match payments to invoices. The following is a list of other features included in their monthly plan, starting at $17 per month:
- Inventory
- Payroll
- Payment
- Mobile App
- GST & BAS
- GST & VAT
- Insights and report
- Multi-currency support
- Capture and organize receipts
III. Wave
Wave is the most budget-friendly option for start-ups, enterprises with less than ten workers, freelancers, and other independent contractors. This platform is not only simple to use, but it also comes with built-in interfaces that enable users to handle the whole accounting, invoicing, and bookkeeping process from inside the system itself. There is no charge associated with any of the banking, accounting, or billing alternatives. There is a possibility for extra services, such as accepting credit cards and bank transfers, processing payroll, obtaining guidance from specialists, and keeping extensive financial records.
IV. Acumatica Cloud ERP
Acumatica is a comprehensive corporate resource planning software that runs in the cloud. The bookkeeping module is one of its features, and it includes the following:
- Reporting, dashboards, and data analysis toolkit
- Multi-entity and intercompany accounting
- Advanced expense management
- Recurring revenue management
- Accounts receivable and payable
- Cash and currency management
- Mobile ERP applications
- Payroll management
- Time management
- Project accounting
- Tax management
- General ledger
- Fixed assets
- Bank feed
You can get custom pricing at the following link.
V. Sage Intacct
Sage Intacct is a web-based accounting and bookkeeping software that provides features for financial statements, accounts payable, and accounts receivable. You can also automate complicated operations related to revenue and billing and improve your purchasing process’ speed and accuracy. You can submit a pricing request on their website.
9. How Many Bookkeepers Are There in Idaho?
According to the State Occupational Employment and Pay Estimates published by the Bureau of Labor Statistics in May 2021, the state of Idaho had a total of 9,530 bookkeepers.
10. Where Can I Find The Best Idaho Bookkeepers?
To find the best bookkeepers in Idaho, simply select a city from the drop-down menu below.
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