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Bookkeeping and Accounting Clerk

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AVG. SALARY

$41,920

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EDUCATION

Post-secondary training +

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Decision Making -- Solution

You recommend expanding the restaurant without any regard for the budget.

It is said you have to spend money to make money. And there is some truth to that. Short-term losses may eventually lead to long-terms profits.

However, the restaurant owner would need to remodel the existing space, and hire and train new staff. If the restaurant loses too much money too quickly as it expands, it may not be around for a long time.

As someone with her own bookkeeping business, Gwen McFarlane often gives this kind of advice to small business owners. The type of advice a bookkeeper or accounting technician is asked to give depends on their particular role and how closely they work with a particular client.

"It depends how much you're integrated into the business," she says.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.