Bookkeeping is the process of recording, storing, and retrieving financial transactions for a business, individual, or non-profit. Bookkeeping skills are used to generate the flow of information for other roles like accountants, auditors, financial analysts, and tax managers, thus opening various career paths. According to the Bureau of Labor Statistics, roughly 1.7 million bookkeeping, accounting, and auditing clerks were employed in the United States as of 2023. Learning bookkeeping is crucial because it equips individuals with essential skills for accurate financial record-keeping, which is vital for businesses to operate efficiently. It ensures the business's financial health, streamlines audits, and improves decision-making transparency.

Accounting is the systematic and comprehensive recording of financial transactions of a business and the process of summarizing, analyzing, and reporting these transactions to oversight agencies and tax collection entities. It offers a variety of career paths for Certified Public Accountants, Forensic Accountants, Auditors, Financial Analysts, and Management Accountants. The United States Bureau of Labor Statistics forecasts a 6% growth in jobs for accountants and auditors from 2021 to 2031 because it is an almost indelible fixture in every industry. Learning accounting is valuable as it provides essential skills in financial management, decision-making, and strategic planning, which are critical for personal and professional life. It is an invaluable tool for anyone seeking to understand and make prudent decisions within the business world.

Financial modeling is an important process that businesses use to analyze historical trends, industry growth, and market conditions before budgeting or investing. This skill is heavily used in various career paths and can help you become a better financial expert. Thankfully, there are many financial modeling classes available across the nation that may improve your understanding of this field. These courses include in-person and virtual options that give you a diverse array of choices that should make it easier to find one that suits your needs.

Businesses of all sizes regularly need to make critical decisions—decisions that could lead to the loss of a lot of money if things go wrong. Fortunately, financial modeling is available to help make these decisions a bit easier.