Author: Quentin Pain
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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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Why Should I Take Control Of My Business Accounts?
In the UK, HMRC have said they will be introducing compulsory quarterly accounting periods for all businesses sometime in the not too distant future (if you’re in any other country and you don’t already have this, be warned, it will be coming to a place near you soon – just as VAT will eventually replace…
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A Bunch Of Bookkeeping Questions On Debits And Credits
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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Top Reasons To Be A Bookkeeper From The IAB
The International Association of Bookkeepers (IAB) is a globally recognized professional body that offers a range of qualifications and training for aspiring and practicing bookkeepers. If you’re considering a career in bookkeeping or looking to enhance your skills, here are the top ten reasons why training with the IAB is an excellent choice. 1. Global Recognition…
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FAQ
One of the most common accounting areas people want to know about is Accounting Ratios. With just a little math you can quickly discover a lot about a business. All you need is some basic statistics and figures such as turnover, sales and expenses tracked over time and you can figure out pretty much anything.…
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Double-entry Accounting Explained In Simple Terms
Double-entry accounting is really very simple provided you follow these rules. Everything starts with a Source Document. That is usually an invoice for something you have sold or a receipt for something you have bought. Each Source Document is copied into your double-entry system by creating Transactions. A Source Document always contains at least one…
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Bookkeeping Certificate Online Classes
If you are new to bookkeeping and accounting then you should optin to the Accounting for Everyone 12 week online course. Put together by Quentin Pain in 1998 the course has been available for many years and has recently been updated, although the principles of double-entry have not changed in 600 years. But what has…
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Accounting Courses Online With Certificate
The number of online accounting courses is quite limited, and of those not many are particularly good, but Accounting for Everyone is one of the diamonds in the pack. It was put together from over 12 years of research into the double-entry model and how it can be explained in a logical way (and trust…
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Learn Double-Entry Bookkeeping
Here’s a great resource from Loris Tissino. He has developed a site to step you through double-entry including transactions and posting. I think you will find this another very useful tool. Loris has written a piece for Accounting for Everyone describing it. Here we go: If you are a student and want to practice bookkeeping…
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Accounting for Depreciation
Depreciation is really important yet few bother to do it. Why? because it seems so hard to do. But the reality is that it is really very simple. But first we need to look at what it is, and why we need to do it. The Value Of Assets Everything you buy to use for…
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Welcome Bookkeepers and Business Owners to 2013
I have been passionate about accounting ever since I started my first business back in 1979 in the UK. It grew quickly and became successful, and I developed a computer program during that time to run the accounts of the business. So here we are 33 years later and a LOT wiser, plus a few more…
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2012 And All That
Another year is upon us and at a time of world recession, you can not do better than being a bookkeeper. The number of new startup businesses is increasing globally because of redundancies and people unwilling to work for others. The one thing they all have in common is that they don’t want to learn…
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Advanced Balance Sheet Theory
If you are not familiar with balance sheets you should take my bookkeeping course first as I don’t want to put anyone off with this article. OK, with the warning out of the way, let’s press on… With most accounting systems, things like balance sheets are considered as reports. That is, something you need to…
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On Journals And Ledgers
It’s been an incredibly busy month here on Accounting for Everyone, with many wonderful new comments on the various weeks course material. It took me many years to really understand double-entry. I did it by reading all the books I could get my hands on, and talking to thousands of business owners, oh, and the…
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Thank You For Subscribing
I just had to write a thank you note to all my loyal subscribers. Thank you so much for subscribing to Accounting for Everyone. Your comments have been fantastic, and the Facebook recommendations have also been overwhelming. Please do continue to recommend this course as I know it is helping a lot of people understand…
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Problems and Solutions
Many business owners stick stubbornly to their policies, claiming that it confuses staff if you give them some room to talk more freely to customers. One of the things I found to win over customers is to listen. And I mean listen carefully. They are the ones with the problem, and for some reason they…
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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…
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Happy New Year 2011
We are on the last day of 2010 and for me this year has gone way too fast. I don’t know whether it is simply because I am older – and everyone I know is also a year older! but they all say the same thing. Fast, fast fast! Luckily in terms of bookkeeping, nothing…
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Free Accounting Course
Any accounting course will take you through the basics, but to really get ahead quickly take our 12 week accounting and bookkeeping course. – FREE edition. Armed with this, you will get the fundamentals of accounting firmly fixed in your memory. From simple transactions right through to the balance sheet, this accounting course and bookkeeping…
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Bookkeeping Course
If you have not signed up to my 12 week bookkeeping course yet, it will give you the grounding for your bookkeeping career in a way you will not have seen anywhere else. For the first time you will be able to really understand debits and credits by learning a wonderfully simple concept that ensures…
