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Understanding Financial Accounting Basics

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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Key Accounting Terms for Entry-Level Bookkeepers

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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The Importance of Financial Accounting Standards

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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The Basics of Double-Entry Bookkeeping

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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Test-Taking Tips for Bookkeepers

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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Bookkeeper Interview

What To Look For When Hiring A Bookkeeper

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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Why AIPB Certification is Essential for Bookkeepers

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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Professional Bookkeeper

5 Things Every Bookkeeper Must Know About QuickBooks

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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Balancing Job, Family & School

How to Balance Job, Family & School

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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Oregon Bookkeeping Professionals

Top 10 Tips for Switching Careers

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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