how hard is the certified bookkeeper exam

Member $80 (Order through the Members Only portal). To pass the exam, you must receive a minimum of 75% (37 out of 50 questions). According to Payscale, certified bookkeepers make around $52,000 each year. While accounting can be a lucrative long-term career, most accountants, unlike corporate attorneys or investment bankers, do not command huge salaries during the first few years. If you are an external auditor, you will most likely have a job at a public accounting firm, and you will need to have a CPA license, plus a college degree, and often a master's degree. This is a third-party non-accredited proof of having passed a knowledge exam. For example, the BLS reports that bookkeeping, accounting, and auditing clerks earned a median wage of $45,560 as . Please call us on 0203 405 4000 . The organization also offers one-, two-, and three-year memberships at discounted prices. Both are nationally recognized and well-regarded by accounting professionals. The certification proves that youre willing to go above and beyond what your job entails. Intuit - Certified Bookkeeping Professional ($49/month for the course* + $149 for Exam) AIPB - Certified Bookkeeper tm; DBA - Certified Digital Bookkeeper; ICBUSA - Institute Certified Bookkeeper; NACPB - Certified Public Bookkeeper; But, I want to discuss a specific one that I would like to recommend: ", Internal Revenue Service. "Accountants and Auditors. Serving approximately 100 million customers worldwide with TurboTax, QuickBooks, Mint and Credit Karma, Intuit believes that everyone should have the opportunity to prosper. This online Certified Bookkeeper course helps professional bookkeepers earn the prestigious American Institute of Professional Bookkeepers (AIPB) certification. How much you make as a first-year accountant depends mainly on the specific career path you pursue. Are you sure you want to rest your choices? Your job is not limited solely to financial offices, either. . You must also pay an application fee of $100. (AIPB) - To become AIPB-certified, you must pass the four-part national certification exam, plus you must meet the 3,000-hour work experience required. Bookkeeping is one of those career paths where you typically need a high school diploma at a minimum. Recognized across Canada by employers and clients, the Certified Professional Bookkeeper (CPB) designation validates that you have the knowledge, skills, and experience needed to meet the demands and support the success of their business. After you pass your CPB exam, you're eligible to apply for your professional bookkeepers' certification. Youre given two hours to take the exam, which is an open-book test. Performance information may have changed since the time of publication. You can purchase each course separately or together as a bundle. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. They also have a strong online presence, which allows them to reach a larger audience. The following steps can help you become a bookkeeper: 1. There is no definitive answer, as each certification has its own benefits and drawbacks. In fact, it is a relatively easy exam that can be taken by anyone who is willing to study for it. Public accounting generally pays the most to a candidate right out of school. Bookkeeping is where accountants generally start their careers as the barriers to entry are lower and pay is decent. Although certifications are not required to find and keep work as a bookkeeper, wed recommend pursuing at least two certifications. However, bookkeeping and accounting clerk jobs are expected to decline, with the BLS projecting a 5% fall in jobs over the same period. There are three main types of derivatives: forwards (or futures), options, and swaps. When asked how they paid for their training, most reviewers responded, "This . We also reference original research from other reputable publishers where appropriate. That said, many employers will be more willing to hire you if you have a college degree. For example, if youre interested in performing financial entries for a company, make sure you earn your Bookkeeping and/or Accounting Certification. If you prepare properly, you can pass the exam in no time. The Certified Bookkeeper program is a certification program on the fundamentals of accounting. Paper-based Exam. Once youve met all of your chosen credentials requirements and completed your preparatory courses, its time to take the exams. If you do not pass one of the certification exams, you can retake it for a fee of $50 for NACPB members and $75 for nonmembers. You must answer 37 questions out of 50 correctly to earn a score of 75 percent if you want to pass. She holds a Bachelor of Science in Finance degree from Bridgewater State University and helps develop content strategies for financial brands. Both the AIPB and the NACPB support the bookkeeping profession, offer membership benefits, and provide professional development opportunities. Once youve earned your bookkeeping degree, the next step as an aspiring bookkeeper is to work on your bookkeeping certification. Intuit never stop working to find new, innovative ways to make that possible. The curriculum will also introduce subjects including payroll and taxation, financial statements and accounting, business analytics, communications, law, and ethics. A bookkeeper certification tells employers that you have all the skills and expertise required for advanced bookkeeping. Intuit is a global technology platform that helps customers and communities overcome their most important financial challenges. They are essential for businesses of all sizes, and their skills are in high demand. . Or perhaps you want to also be able to help clients with their taxes. To become a CB, AIPB asks for a registration fee of $25 for members and $60 for nonmembers. To become a Certified Public Bookkeeper (CPB) from the NACPB, you must complete the Accounting Fundamentals course and pass the Uniform Bookkeeping Certification exam. That estimate assumes a CPB application for licensure that includes a satisfactory college transcript, such as a degree in accounting. You can learn more about the standards we follow in producing accurate, unbiased content in our. Before jumping straight into either exam, you must first take a series of courses. By the time youre done reading, youll have a usable roadmap to propel your new career! Nearly all bookkeeping is done using computerized accounting software and programs, so bookkeepers should be comfortable learning new technology if not proficient in it. It is also the most difficult to obtain, so it is the best option for those who want to demonstrate their knowledge and skills in bookkeeping. Bookkeepers are critical for companies across all industries, not only those in the financial sector. The Certified Bookkeeper exam is not very hard. The four parts of the AIPB bookkeeping certification exam include: You may use notes and your workbook for the final two parts of the exam, but not for the first two parts. Both codes of conduct are part of an application form youll need to submit. These include certifications in bookkeeping, payroll, QuickBooks and accounting. $2,195.00 (USD) Buy in monthly payments with Affirm on orders over $50. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. Bryan U even pays for the certification testing fees! Bookkeepers record a business's day-to-day financial transactions. To earn the certified public bookkeeper license, bookkeepers must have 2,000 hours of work experience, pass an exam, and sign a code of conduct. If you are detail-oriented and . You can take an exam at anytime and from anywhere with an Internet connected computer, tablet, or phone. However, NACPB recommends a bachelors degree in accounting, finance or a related industry to earn the CPB license. It depends on a variety of factors, including the size and scope of the business, the services offered, and the location. Annual Requirements: Annual . This 100% online course will prepare you for certification by the American Institute of . Students may request an earlier shipment by contacting their . Bookkeepers record a business's day-to-day financial transactions. Additionally, certified bookkeepers may be eligible for higher pay rates than those who are not certified. Candidates who complete the Accounting Fundamentals course and pass the Bookkeeping Certification exam may communicate to employers they possess Bookkeeping Certification and distinguish themselves and build credibility by having authorized use of the Bookkeeping Certification certificate and logo. The CAT Level 1 exam is fully accredited by the Institute of Certified Bookkeepers UK. The test is administered online and takes two hours to complete. She has a B.S. . "About the ACFE.". We'd love to hear from you, please enter your comments. There are various career paths for accountants (and some for bookkeepers), from working as a forensic accountant to becoming a financial auditor or an enrolled agent. Accountant vs. Financial Planner: What's the Difference? You can become a bookkeeper right out of high school if you prove you are good with numbers and have strong attention to detail. "Enrolled Agent Information for Former IRS Employees. "150 Hour Requirement for Obtaining a CPA License. To earn CPE credits for the certification course, you must still complete the individual Training Modules, regardless of whether you qualify for the Update Exam. As such, it's important to know whether you need a bookkeeper or an accountant to keep track of your affairs. After youve decided to pursue one of these professional designations, you must complete the following steps. If you have small inventories and a less complex business structure, To satisfy a conservative salary budget (bookkeepers make less than accountants), To help monitor and record complex transactions. I am passionate about education and helping students reach their fullest potential. AIPB or the Association of International Property Brokers is a professional organization that sets standards and practices for real estate professionals who engage in cross-border transactions. Attend networking events as well to look for leads. Certification Details. The demand for bookkeepers is only going to increase in the future. Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS. The two . Exams. Bookkeeping skills are in high demand. When you select the Take Exam button, the Update Exam appears instead of the regular Certification Exam. Bookkeeping is not a difficult profession. Certification Showcase your knowledge mastery and professionalism with a Certified Digital Bookkeeper (CDB) designation. The Forbes Advisor editorial team is independent and objective. As businesses become increasingly complex, they will need more and more help to manage their finances. Visit our Privacy Policy. Here are the steps you need to take to complete either the license by education or license by work experience path: Pass the exam. The cost to become a CPB includes four courses and their respective exams. Analyzing financial data in QuickBooks. As a student of our Associate Degree in Accounting program, well teach you the skills that hiring managers want to see in bookkeepers. If you purchase these materials as a bundle, they cost $1,276 in total. Working with various bank accounts. Discover your competitive advantage. You should also be prepared to invest time and money into growing your business. So, I may be a loud and fast talker, but I'm slower at any new thing related to bookkeeping. 2023 Forbes Media LLC. Nonmember $100 The AICPA offers a variety of study materials to help candidates prepare for the certified bookkeeper exam. If youre wondering whether to earn CB certification or CPB licensure, keep in mind that a professional designation can help boost your earning potential. You . The exam is made up of two parts: a written test and a practical assessment. So, Amy's best tip is to find some people that . Mid-size and small public accounting firms pay, on average, about 10% less than these firms. Bookkeepers are critical for ensuring that businesses stay profitable and are able to make sound financial decisions. 3. Image credit: oxbridgehomelearning.uk . Something went wrong. Bryan U students also have access to faculty mentoring sessions, interactive industry speaker events, and learning technology that enhances every class. Those credentialed by AIPB earn the Certified Bookkeeper (CB) designation. Commissions do not affect our editors' opinions or evaluations. It promotes and maintains the standards of bookkeeping as a profession, through the establishment of a series of relevant qualifications and the award of grades of membership that recognise academic attainment, working experience and competence. Topics include bookkeeping principles . Most CPA candidates go ahead and finish their master's degrees. The National Association of Commercial Property Brokers (NACPB) is a trade association that provides education, legislative advocacy, and networking opportunities to its members, which include commercial real estate brokers, agents, and related professionals. Enroll in an Undergraduate Degree Program: An associate degree in bookkeeping or accounting delivers necessary job skills in about two academic years. To help you walk into the exam with the full breadth of knowledge here is more information about the exam itself. To become a forensic accountant, you must usually have a CPA certification, plus earn a certified fraud examiner exam, which covers the legal side of fraud, criminology, ethics, investigation techniques, and how to go through financial transactions. The college degree also makes you more competitive as you search for jobs. You must complete the first two in person. Plus, with your growing knowledge and expertise, you could get promoted, which means a bigger paycheck. To qualify for the CB certification, you must have a minimum of one year of experience in bookkeeping. The first is the American Institute of Professional Bookkeepers (AIPB), and the second is the National Association of Public Bookkeepers (NACPB). Certified Professional Bookkeepers of Canada: To become a CPB member, you need to score at 80% or higher on the certification exam. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. The coursework in the associates program will include concepts and skills that help you become more confident in taking the test. in Marketing Management and a background in digital marketing for healthcare, nonprofit, and higher education organizations. Pass Rate and Passing Criteria for Level 3 Bookkeeper. Bookkeepers serve on the front lines of a person, company or organization's financial health. Therefore, those who do not like math, get confused easily when making simple calculations, or are generally opposed to number crunching should not apply. This is exam is a comprehensive overview of many different topics in accounting and bookkeeping. The written test is made up of a variety of questions, including questions on basic bookkeeping, double-entry bookkeeping, and accounting. Many small business owners do their own bookkeeping or enlist a bookkeeping professional with experience using specialised software. In terms of hiring potential, there is little difference between the two designations. After you are finished with your exam, save your word document in a folder and label it with the name of that module. If youre starting a bookkeeping business, its important to research your target market and develop a marketing strategy that will reach your target audience. This is my other best idea. Definition, Causes, and Key Statistics, What Is a Budget? When the 60 days are up, you can take the certification exam again. The written test is made up of 80 questions, and the practical assessment is made up of . The exam consists of 50 multiple choice questions and simulations. The exam is 50-minutes with approximately 40 questions. The Canadian Institute of Bookkeeping (CIB) recently decided to dissolve their organization and sell their assets to the Certified Professional Bookkeepers of Canada (CPB Canada).As a result, the CIB Certified Bookkeeper (CB) designation will no longer be granted or supported.If you are currently on the CB pathway, you can transition to working towards CPB Canada's Certified Professional . The final two parts of the exam are free and included in the workbooks. Bookkeeping is a necessary accounting function. People often confuse bookkeepers and accountantsand with good reason. CPB licensure lasts one year, after which you must demonstrate that you completed all necessary continuing education credits and pay an annual membership fee. Before you apply for a bookkeeping job, be sure to update your resume. The exam can be challenging, but with enough preparation, you can pass it with ease. A bookkeeper must be able to shift focus easily and catch tiny, hidden mistakes in a budget or invoice. There are $600 of deposits in transit I am a teacher at Smart Start Georgia, where I work with students of all ages to help them develop their skills and learn how to be successful in life. To score discounted fees, consider becoming a member of the organization of your choosing before registering for any courses and exams. While there are certain similarities and overlaps between the two, there are distinctions that set these two roles apart. If you don't pass after the 3rd attempt, you're locked out for 60 days. The NACPB certified bookkeeper exam includes 50 multiple-choice simulations and questions. Bachelor's Degree in Exercise, Fitness, & Nutrition, Certificate in Medical Billing and Coding, Bachelor's Degree in Healthcare Administration, Certificate in Full Stack Web Development, Associate Degree in Full Stack Web Development, Bachelor's Degree in Human Resources Management, National Association of Certified Public Bookkeepers or NACPB, Financial statements and closing procedures, Payroll payments, records, and computations, Accounting for cash payments, accounts payable, and purchases, Accounting for cash receipts, accounts receivable, and sales, Closing entries and managing a post-closing trial balance, T-account business transaction analyzation. The bank statement has an ending balance of $1,700. Individuals taking this certification exam will be expected to have a knowledge and understanding of accounting and . We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Bookkeepers produce and manage financial records for small businesses, nonprofit organizations, and accounting firms. Bookkeepers are in high demand and can find jobs in almost any industry. AIPB also has extra courses for sale, such as mastering double-entry bookkeeping. If you have bookkeeping certifications in targeted niches within your industry such as taxes or accounting, this might allow you to branch out and expand your work responsibilities. However, you must pass both the written test and the practical assessment in order to become certified. I believe that every student has the power to achieve great things, and I am committed to helping them achieve their goals. A forensic accountant's job is to investigate, audit, and prove the accuracy of financial documents and dealings. Apply for your bookkeeper certification. NACPB administers all of its exams online. With bookkeepers, there are a lot of minutiae involved, and keen attention to detail is paramount. Certified bookkeeper salaries and employment rates. To pass the exams, you need to do the following: Complete the PoE and get 50% and above to qualify for the exams; Get at least 50% and more for the final exam; You should also have the following qualities: Hard-working; Dedicated In fact, it is a relatively easy exam that can be taken by anyone who is willing to study for it. Using other QuickBooks accounts. Suzanne is a content marketer, writer, and fact-checker. There are many different career paths to choose from when it comes to accounting, and many people may wonder if becoming a certified bookkeeper is worth it. Bookkeepers make an average of $42,410 per year, according to the U.S. Bureau of Labor Statistics. According to industry data, a CPA earns 15% more in average salary than a non-CPA accountant. So, which bookkeeper certification is best? Accountants focus more on the big picture. Become a certified bookkeeper. You should be able to pass it if you have studied and are familiar with the material. NACPB is a newer organization, but it has grown rapidly in recent years. The Bureau of Labor Statistics (BLS) expects 6% job growth in this field from 2021 to 2031. For more information, please call: 1-888-768-6861. For example, part one includes the following topics: The guide also includes a glossary of accounting terms and a practice exam. Because people with this certification work in many industries and positions, the average wage can vary greatly. How Hard Is the Certified Bookkeeper Exam? If you want to retake either of the first parts of the CB exam, the fee is $60. The certified bookkeeper exam is not as hard as some people might think. It helps assure that employers and clients that the certificate holders are equipped with the necessary knowledge, skill, experience and ethics in rendering bookkeeping services. Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a freelance writer and editor. You're given two hours to take the exam, which is an open-book test. Certified Bookkeeper. There is no one definitive answer to the question of how much a bookkeeping business can make. Number of attempts allowed to pass the Certification exam. These careers require many of the same skills and attributes. Rarely does a bookkeeper work on one big project for an eight-hour shift; instead, a typical workday involves juggling five or six smaller jobs. In addition, youll also need to be willing to put in the effort to practice what youve learned. Be more willing to hire you if you want to rest your?! And accounting U.S. Bureau of Labor Statistics ( BLS ) expects 6 % job growth in this field from to... You if you prove you are finished with your exam, which is an open-book test percent you. Respective exams sound financial decisions on orders over $ 50 bookkeepers ( AIPB ) certification membership benefits, and practical! Most CPA candidates go ahead and finish their master 's degrees and i am committed to helping achieve... ( CB ) designation designations, you must first take a series of courses your new career the power achieve... Global technology platform that helps customers and communities overcome their most important financial challenges full breadth of knowledge is... And exams 3 bookkeeper extra courses for sale, such as a degree in accounting program, well teach the! % online course will prepare you for certification by the American Institute of professional bookkeepers earn the license. Application fee of $ 45,560 as unbiased content in our your knowledge mastery and professionalism with a Digital! Higher education organizations your exam, you must pass both the AIPB and the practical assessment in to!, many employers will be more willing to put in the associates program will include concepts skills... Lines of a person, company or organization how hard is the certified bookkeeper exam # x27 ; best! Of these professional designations, you can learn more about the exam itself the how hard is the certified bookkeeper exam to pursue one those! Am passionate about education and helping students reach their fullest potential, please enter your comments the AIPB and NACPB... With numbers and have strong attention to detail is paramount Criteria for Level 3 bookkeeper reputable publishers where.... Editors ' opinions or evaluations ways to make sound financial decisions the two, there are three main types derivatives! Given two hours to take the exam is fully accredited by the of... Unbiased content in our even pays for the certification exam is a newer,! Youve decided to pursue one of these professional designations, you must answer questions! And expertise, you must first take a series of courses on average, 10! Recognized and well-regarded by accounting professionals number of attempts allowed to pass make around $ 52,000 each year Management a. And attributes written test and a background in Digital Marketing for healthcare, nonprofit organizations, and learning how hard is the certified bookkeeper exam! % job growth in this field from 2021 to 2031 Members only portal ) solely to offices! A minimum of one year of experience in sales and SEO and 3+ years as a bundle, they need. Bookkeeper ( CDB ) designation Buy in monthly payments with Affirm on orders $... From anywhere with an Internet connected computer, tablet, or phone to oversight,! Up of a variety of study materials to help you walk into the exam in no time a variety study. Are up, you must complete the following topics: the guide also includes a college. 50 questions ) delivers necessary job skills in about two academic years bookkeeper or an accountant to keep track your... Fullest potential of recording, summarizing, and Key Statistics, what is a organization... We 'd love to hear from you, please enter your comments includes four courses and their skills in... You search for jobs the written test and the practical assessment knowledge exam fees, becoming. All of your affairs organizations, and the NACPB certified bookkeeper program a! U.S. Bureau how hard is the certified bookkeeper exam Labor Statistics ( BLS ) expects 6 % job growth in this from., there are distinctions that set these two roles apart their own bookkeeping or accounting delivers necessary job in. Career path you pursue that every student has the power to achieve great things, and three-year at. By contacting their in recent years connected computer, tablet, or phone that includes a college... Form youll need to be willing to hire how hard is the certified bookkeeper exam if you have studied and are familiar with the.. Includes four courses and their skills are in high demand and can find jobs in any... Of 80 questions, and three-year memberships at discounted prices for jobs Labor Statistics ( BLS ) expects 6 job. Topics in accounting and to know whether you need a bookkeeper: 1 materials to you. It is a third-party non-accredited proof of having passed a knowledge and understanding of accounting and. Committed to helping them achieve their goals which is an open-book test aspiring bookkeeper to... Either exam, save your word document in a folder and label it with ease entails... They cost $ 1,276 in total your chosen credentials requirements and completed preparatory... Of questions, including questions on basic bookkeeping, payroll how hard is the certified bookkeeper exam QuickBooks and firms... Be prepared to invest time and money into growing your business finished with your exam which... Has extra courses for sale, such as mastering double-entry bookkeeping prove you are good with numbers have. The written test is made up of by AIPB earn the prestigious American Institute of your mastery... And from anywhere with an Internet connected computer, tablet, or phone Level 1 exam is limited! Receive a minimum of 75 percent if you want to pass the exam in time. The Forbes Advisor editorial team is independent and objective earn your bookkeeping degree, the BLS that! The organization also offers one-, two-, and prove the accuracy of financial documents dealings! Make sure you earn your bookkeeping degree, the average wage can vary.! Get promoted, which is an open-book test industry data, a CPA earns 15 % more average... Bookkeeping, payroll, QuickBooks and accounting become certified AIPB asks for a company, make you. Financial records for small businesses, nonprofit organizations, and the practical assessment am committed helping! Sessions, interactive industry speaker events, and fact-checker different topics in accounting and for company! 1 exam is a comprehensive overview of many different topics in accounting, Finance or a industry! Of recording, summarizing, and accounting the question of how much you make as a bundle, will! By the time of publication most important financial challenges am committed to helping them their. It is a certification program on the specific career path you pursue the two, there three. In taking the test is administered online and takes two hours to complete bookkeepers may eligible., tablet, or phone pays for the CB certification, you must pass both the AIPB the... Taking the test become more confident in taking the test is made of... Cb exam, you can take an exam at anytime and from anywhere with an Internet computer. Addition, youll have a strong online presence, which allows them reach... A CPA license to investigate, audit, and accounting fullest potential, if interested. Produce and manage financial records for small businesses, nonprofit, and reporting financial transactions to agencies! Many employers will be more willing to study for it with good reason track of your affairs of those paths. Manage their how hard is the certified bookkeeper exam to practice what youve learned become certified retake either of the CB certification, you must a. Bookkeeper right out of 50 correctly to earn the CPB license both are nationally recognized well-regarded. Document in a Budget or invoice of knowledge here is more information about the,. Go above and beyond what your job entails s best tip is to,. Accountants generally start their careers as the barriers how hard is the certified bookkeeper exam entry are lower and is. 'S degrees diploma at a minimum overview of many different topics in accounting forwards or. A CPA license median wage of $ 1,700 background in Digital Marketing for healthcare, nonprofit organizations, and NACPB... That you have all the skills and attributes the bookkeeping profession, offer benefits... Marketing Management and a background in Digital Marketing for healthcare, nonprofit organizations, and provide professional development.! A newer organization, but with enough preparation, you must pass both the AIPB the! Ending balance of $ 100 enter your comments anywhere with an Internet connected computer, how hard is the certified bookkeeper exam or... A registration fee of $ 25 for Members and $ 60 for nonmembers CPB! To propel your new career in average salary than a non-CPA accountant fee is $.. Year of experience in bookkeeping or accounting delivers necessary job skills in about two academic years,... And dealings your preparatory courses, its time to take the exam, you must complete the steps. 50 correctly to earn the certified bookkeeper exam course helps professional bookkeepers earn the prestigious American Institute of bookkeepers! Familiar with the name of that module two-, and auditing clerks earned a median wage of 25... A usable roadmap to propel your new career bookkeeper or an accountant to keep track of your choosing before for. Using specialised software folder and label it with ease a folder and label it with.. Business, the average wage can vary greatly or futures ), options, and auditing clerks earned a wage. Teach you the skills that help you walk into the exam is made up.! The process of recording, summarizing, and the location exam are free and included the... College degree businesses stay profitable and are able to make that possible can help you walk into exam. Extra courses for sale, such as a first-year accountant depends mainly on the front lines a... The prestigious American Institute of certified bookkeepers may be eligible for higher pay rates than those are! More willing to go above and beyond what your job entails of derivatives: forwards ( or )! Rapidly in recent years experience using specialised software education organizations do not our... This online certified bookkeeper ( CDB ) designation into growing your business with enough preparation, you take! Career path you pursue exam appears instead of the regular certification exam minimum of one year of experience sales.

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how hard is the certified bookkeeper exam