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What Are Bookkeeping Duties For Bookkeepers
The work of the bookkeeper has been done for centuries and in the most basic of terms you will be keeping track of what’s happening to the money that a business trades in. Bookkeeping duties consist of keeping the accounts for a business. A business depends on the health of the financial reporting that the…
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What Are Bookkeeping Skills?
What Are Bookkeeping Skills? Being a good bookkeeper means being able to represent an exact picture of the financial aspects of your business on paper or electronic files. You need all sorts of skills to become a great bookkeeper; soft and hard skills, and above all an interest in having an overview of the financial…
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Keeping Accounts For Small Clubs – A Simple Guide
So you’ve just become the treasurer (or are thinking of becoming a treasurer) for your local club, but you’re not sure what it involves, or what your responsibilities are for taking over this role. Well, let’s clear it all up so you know what to expect and what you need to do. First off, you…
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Treasurers Guide Part 1
Treasurers are usually unpaid volunteers, if you are one of these, welcome to the club. Your job can range from the ridiculously easy to the incredibly complex. If you have just volunteered to be a treasurer for your local club, society, or charity, help is at hand. The right ground rules, simple systems, and a…
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How to Attract High-Value Clients to Your Bookkeeping Services: Proven Strategies for Sustainable Growth
Define Your Ideal High-Value Bookkeeping Client High-value bookkeeping clients do not appear by chance. Bookkeeping businesses must define their target clients, understand how those clients earn money, and know what level of service they need. Clear criteria help attract accounting clients who value expertise and pay consistent fees. Identify Target Industries and Business Sizes A…
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Social Media Tactics That Actually Work for Bookkeepers: Attract, Engage, and Grow
Choosing the Right Social Media Platforms Bookkeepers should not use every platform. They should focus on the channels where business owners spend time and seek financial help. Choosing the right platform supports clear marketing goals and helps bookkeepers grow their client base. Evaluating Platforms for Bookkeepers Bookkeepers should set clear goals before choosing platforms. They…
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Turnover, Gross Profit, Net Profit, EBITDA and EBIT
Knowing the difference between gross profit and net profit matters for 2 main reasons: And that’s because it records the difference between your sales and what is costs you directly to make those sales. That difference represents your sales margin or markup. It is the first indicator of profitability in a business. A while back…
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Depreciation and Capital Allowances
Depreciation is the amount an asset has reduced depending on age, wear and tear, and current market value. It is a core part of bookkeeping, and usually applied at year end (for larger businesses it is often calculated every month as part of management reporting). When you record the purchase of an asset such as equipment or buildings…
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What members are saying about the Accounting for Everyone Bookkeeping Course
“I hope I will learn something from this having never been involved in anything like it before but hubby is setting up his own business and wants me to do the admin and book keeping and accounts so have to learn quick. So thank you for this, wish me luck think I’m going to need it. “Thank you…
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SSAP and FRS
(extant at 1 January 2001) Reproduced with kind permission from The Corporate Training Group Limited Statements of standard accounting practice Financial reporting standards Summary of UK accounting standards UITF abstracts SSAP2 Disclosure of accounting policies (see FRS 18) SSAP4 Accounting for government grants SSAP5 Accounting for value added tax SSAP9 Stocks and long term contracts…
ACCOUNTING for Everyone
The Longest Running Online Certified Bookkeeping Course