Bookkeeping

What Skills Do I Need to Become a Bookkeeper?

  • January 15, 2020

What Skills Do I Need to Become a Bookkeeper? But they are not the same. These three professionals are very different in their scope of work, the tasks they perform, their licensing and professional status, and their standing with the Internal Revenue Service. That’s a good question. If you have a certificate of completion for your bookkeeper certificate program, then the answer is both. You would be certified as a bookkeeper through that program, and it also satisfies the qualification to pursue a certification through the NACBP’s education path. In double-entry bookkeeping, each transaction...

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Statement of Retained Earnings

  • July 30, 2019

Statement of Retained Earnings As with many of the financial performance measurements, this must be taken into context with the company's general situation. If a company has negative retained earnings, it has an accumulated deficit. This would reduce the $15,000 positive RE balance to a negative $25,000. You can’t really make negative profits, so we say there is just a deficiency in the retained earnings account. Shareholder equity represents the amount left over for shareholders if a company paid off all of its liabilities. To see how retained earnings impact a shareholders' equity, let's...

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Basic Accounting Skills Every Professional Accountant Must Have!

  • July 19, 2019

Basic Accounting Skills Every Professional Accountant Must Have! For example, you may find yourself in a dispute with a vendor or under audit by the government. Without clean financial records, you may be at risk of paying settlements or tax penalties for avoidable financial errors. You also may be able to prevent or uncover fraud, whether from customers, vendors, or employees. Unless you’re specially trained in accounting principles, https://simple-accounting.org/ can be a challenging task. So consider getting help—whether by hiring a bookkeeper, outsourcing to an accounting service, or using...

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Is Bookkeeping Hard? — Blog Hub

  • July 10, 2019

Is Bookkeeping Hard? — Blog Hub In fact, many aspiring accountants work as bookkeepers to get a foot in the door while still in school. Additionally, bookkeepers who excel at their jobs are sometimes promoted to accounting positions, even if they lack the level of education the company typically prefers. That said, landing an accounting job requires, in most cases, more education than becoming a bookkeeper. Whether you’re hiring in-house or outsourcing your bookkeeping, finding someone that has the right software tools to make finance management easy is important. Outfitting your accounting...

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12 Best Zoho Products: Reviews Of The Most Popular Services

  • February 27, 2019

12 Best Zoho Products: Reviews Of The Most Popular Services Freshsales users find it easy to use with great support. User dislikes usually fall into the category of minor glitches or occasionally, the system running slowly. For more information zoho books sign in on reviews, see our Freshsales review article. Freshsales is missing the ability for customers to log into a customer-facing portal, manage their account and make payments. This plan is comparable to similar plans of other CRMs but does not include a built-in phone, as offered by Freshsales, or a customer portal as offered by Method...

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