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January 15th, 2015
If you’re a small business owner it’s important to know Financial Accounting Basics for accurate financial reporting. Without it, you have no way of knowing the financial health of your company, not to mention where to allocate funds and how much debt you owe to your creditors. Plus, if you get audited by the Internal Revenue Service …
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January 8th, 2015
When it comes to accounting, there are a few terms that every bookkeeper must know. Whether you’re applying for a job as a bookkeeper or you’re starting your own business, here are some of the most important terms used in accounting.
Accounts Payable (AP)
Often shortened as “payables,” accounts payable refers to company debts that are owed …
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December 16th, 2014
Accounting standards are an essential part of ensuring that a business reports fair and consistent information regarding its financial health. Before “generally accepted accounting principles” (GAAP) were in place, each company formed their own standards, which proved challenging not only in comparing a company’s financial performance, but also in learning the rules of the various …
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December 9th, 2014
Businesses today use different accounting methods such as cash-basis or accrual accounting, but most of them rely on a system called double-entry bookkeeping to record their transactions. This practice, according to Cornell University’s School of Law, is defined as:
“A fundamental accounting concept where every transaction or event affects at least two different accounts. In modern …
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December 4th, 2014
The American Test Anxieties Association estimates that 16 to 20 percent of students suffer from high-test anxiety, a problem that affects memory, confuses reasoning, and increases the chances of making a mistake. In fact, these students typically perform about half a letter grade below those who have lower anxiety levels.
As a bookkeeping student, you may …
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December 2nd, 2014
Managing books, estimating tax amounts, understanding the businesses accounts…these are all aspects of a bookkeeper’s job that a business relies on to stay solvent. With the financial standing of a small business often coming down to a single person, it is important for that one person to have the knowledge and skills necessary to help …
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November 24th, 2014
Whether you’re an entry-level bookkeeper or a seasoned veteran with 20 plus years of experience, the American Institute of Professional Bookkeepers (AIPB) provides advanced training to help you advance in your career. With over 30,000 members, AIPB Certification has become the national standard in bookkeeping, and certified bookkeepers (CBs) are proving to be more valuable …
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November 18th, 2014
QuickBooks is a versatile tool with a myriad of customizable features, but unless you’re a certified Intuit ProAdvisor, chances are high you’ll have to overcome a steep learning curve. In light of this, we created a list of five things every bookkeeper must know about QuickBooks.
1. Third-Party Integration
While QuickBooks is a robust accounting software for …
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August 28th, 2014
Make the most of your time with these tricks to maintaining a happy work-life balance
It’s hard enough juggling work and family, but add in class-time, study-time and homework, and it can all seem overwhelming. Here are some tips to help you find balance and succeed.
Choose a program that fits your schedule. Look at the school’s …
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August 28th, 2014
Tips to prepare yourself for a rewarding career change
Know the good, the bad and the ugly. It is easy to glamorize a job you don’t have that you think you want. Do your research and learn all you can about your new field. Explore the current job market and research potential employers. Get information about …
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