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I didn't remember reply this message but here is more info:
Bookkeeping is not difficult to learn thus very substitutable from human resource perspective.
Furthermore, nowadays bank rec can be done automatically (with certain software), and AP & AR process are much more simplified than prior decade.
Bookkeeper earns reasonable amount compare to a company clerk, however the average is lower than qualified accountant as accountant also involve strategic planning & advisory.
And here is another reason, there are currently TOO MANY accounting graduates in the market, which makes the job market very competitive.
Hope this helps.
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