Number five goes to Ontrack Bookkeeping, a blog with a highly practical focus. Rather than providing abstract or theoretical concepts, it posts articles that focus on real-world situations and practical solutions. For example, you can see step-by-step instructions on how to set up a chart of accounts or provide a checklist for preparing for tax season.
Bookkeepers and accountants have a mutual aim to help businesses stay on top of their financial record-keeping, tax filing, and overall financial health. Bookkeepers usually record business transactions in the books, ensuring accuracy and correct categorization. In their turn, accountants consult businesses based on those statements and help with taxation. Overall, obtaining a bookkeeping certificate or badge can unlock new career paths in the accounting industry and provide valuable skills that employers seek in candidates. You can use a bookkeeping certificate to kickstart your career as a bookkeeper.
School of Bookkeeping
As you can tell, bookkeeping is so crucial for your business for many reasons. Not everyone is an expert when it comes to doing the books for their own company, but it’s easier than you think to get started and keep going. It’s exactly what it says on the tin – businesses will have to start doing their taxes digitally through the use of applications and software. In this case, you’ll not only need to do your books but also use an app for it as well.
Your Intuit Academy Bookkeeping badge can be used to show any employer or client that you have an understanding of bookkeeping and accounting. It also opens up the possibility of becoming a remote QuickBooks Live bookkeeper with Intuit. For example, the bookkeeping program through Intuit Academy entails about 40 hours of content and 1 hour of exam to complete. That said, it is a self-paced course, so you can go as fast or slow as you’d like. In today’s job market, having a bookkeeping certificate or a badge from Intuit Academy can increase your career opportunities. With the foundational skills learned through online courses and certificate programs, you can become a bookkeeping professional and stand out among the competition.
Benefits of Cloud Based Bookkeeping Software
Beginner Bookkeeping is full of helpful tips, but there are also many free templates and tool recommendations. For instance, you’ll find dozens of Excel https://investrecords.com/the-importance-of-accurate-bookkeeping-for-law-firms-a-comprehensive-guide/ templates and printable forms. But if you’re a small business owner or an entrepreneur, keeping your finances in order is crucial to your success.
If you work in the US or Canada, you’ll also appreciate articles about how to manage taxes in these two countries. And finally, many law firm bookkeeping have a community of readers who share their experiences in the comments section. You can engage with the community and connect with other bookkeepers to expand your professional network. Specifically, they focus on how and why small businesses should incorporate bookkeeping to grow their business, incorporating insights and tips on small business accounting and bookkeeping. Like our Uncat blog, Xendoo’s blog also promotes great resources you can use in your bookkeeping tasks and practice, such as a checklist when cleaning up accounting records.
The Pilot Blog
A smart bookkeeper is an informed one and living in our technology and Internet-dependent world, there is no better way to stay ahead of the game than following bookkeeping blogs. In the U.S. accountants need to have at least an undergraduate degree in accounting, or more rarely in finance or business. Those wishing to work for larger companies pass the examination necessary to become a Certified Public Accountant (CPA) granted by The American Institute of Certified Public Accountants (AICPA). Certified Public Accountants can represent their clients before the IRS, work for a public company, and assist with an array of official bureaucratic and financial matters on all levels. One way to report sales tax in your bookkeeping records is to debit the amount you’ve collected from your cash account and credit it to your sales revenue and sales tax payable accounts. It’s important to track sales tax correctly in your chart of accounts, so it’s clear how much of your cash in the bank should be set aside for taxes.