Is there a shortage of bookkeepers in the US?

Asked by: Kara Abshire PhD  |  Last update: June 19, 2026
Score: 4.5/5 (32 votes)

Yes, there is a significant, growing shortage of qualified bookkeepers and accounting professionals in the U.S., driven by high retirement rates among Baby Boomers and a declining pipeline of new professionals entering the field. This scarcity is causing operational strain, increased hiring costs, and a, 13% decline in CPAs nationwide since 2019.

Is there a shortage of bookkeepers?

Many people ask if bookkeepers are still needed as technology advances. The job market for bookkeepers might shrink by 6.2% between 2022 and 2032. However, around 197,600 job openings show up each year when people retire or switch jobs. Right now, about 38,481 bookkeeper positions are open across the United States.

What is the average hourly rate for a bookkeeper in the US?

The average salary for a bookkeeper is $23.36 per hour in the United States. 14.2k salaries taken from job postings on Indeed in the past 36 months (updated December 29, 2025).

Is bookkeeping becoming obsolete?

Automation is revolutionizing industries across the globe, and bookkeeping is no exception. Advanced tools and technologies now handle data entry, reconcile accounts, and generate reports with minimal human input. For some, this sparks concern: will automation render bookkeepers obsolete? The answer is a resounding no.

How soon will AI replace bookkeepers?

Will AI Replace Bookkeepers and Accountants in 2026? Before we begin, the short answer to that lingering question, as far as we are concerned, is an “emphatic NO”.

Why is there an accountant shortage?

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Which jobs will become obsolete in the next 5 to 10 years?

21 Job Titles That Will Be Obsolete By 2030

  • Postal service clerks.
  • Bank tellers and related clerks.
  • Data entry clerks.
  • Retail cashiers and ticket clerks.
  • Administrative assistants and executive secretaries.
  • Printing and related trades workers.
  • Accounting, bookkeeping and payroll clerks.

Who makes more, a bookkeeper or an accountant?

For example, an accountant with a year or two of experience might earn $60,000 per year while a bookkeeper will earn less than $30,000 per year. More experienced accountants will be able to earn higher salaries but bookkeepers will not see significant salary increases.

Is bookkeeping stressful as a job?

The pressure of financial reporting deadlines and the need for meticulousness can lead to significant stress for Bookkeepers. By prioritizing work-life balance, they can manage stress more effectively, safeguarding their mental health and ensuring they remain diligent and composed in their work.

What are the cons of being a bookkeeper?

Repetitive Tasks

Tasks such as data entry, reconciling accounts, and processing invoices can become monotonous over time. For those who thrive on variety and creativity, this aspect of the job might be less fulfilling.

Is bookkeeping worth it in 2025?

Take a look at some of these stats and trends: Bookkeepers are ranked among the top 15 most in-demand jobs in the U.S. for 2025. The unemployment rate for bookkeepers was just 1.7% in late 2024, well below the national average.

Why is no one going into accounting?

The 150-hour requirement is seen as a barrier to entry. Accounting is perceived as boring. Compensation is lower than for other majors such as finance and technology. A lack of diversity seems apparent.

What boring job is Gen Z reviving?

Which “boring” jobs are being revived by Gen-Z? No offense at all to the accountants in the room, but when I saw a headline indicating that Gen Z is reviving “boring” jobs, my head went straight to accounting. Sure enough, that's the job Gen-Zers are eyeing the most.

What is one of the most common bookkeeping mistakes that business owners make?

Top 5 Bookkeeping Mistakes U.S. Business Owners Make (According to Bookkeepers)

  • Mistake 1: Mixing Personal and Business Finances. ...
  • Mistake 2: Letting Tax Time Sneak Up. ...
  • Mistake 3: Forgetting About Cash Flow. ...
  • Mistake 4: Missing Out on Tax Deductions. ...
  • Mistake 5: Throwing Out Financial Records Too Soon.

How do I price myself as a bookkeeper?

Many bookkeepers charge an hourly rate. This averages around $25 to $100 per hour. This all depends on things like their education, work experience, and the tasks they are expected to perform on the job, in addition to standard accounting functions.

How much do self-employed bookkeepers earn?

So, it's hard to say exactly what you can earn as a freelance bookkeeper in the UK. But a typical hourly rate would be between £10-£25 depending on experience. The average hourly pay for a bookkeeper in the UK is calculated at £11.89 by Payscale, with annual salaries between £18,000 and £36,000.

What is a bookkeeper called now?

Bookkeeping vs accounting: Job titles

Individuals pursuing a career in bookkeeping can expect their title to be bookkeeper, bookkeeping clerk, accounting specialist, accounting clerk, or auditing clerk. Although these titles differ, the role behind the title is generally the same.

What is the lowest position in accounting?

The accounting pyramid organizes accounting-related job titles into a hierarchy that ranks them by responsibilities and deliverables, with bookkeepers at the bottom, accountants in the middle, and the Chief Financial Officer (CFO) at the top.