How to Hire an Asset, Not a Liability Wordcount:1015
Category:Bookkeeping
Views:34
Rating:-1
How to Hire an Asset, Not a Liability

Finding the right employee to fill any position is important but it becomes even more critical when you are filling a bookkeeping position. This person is responsible for inputting & maintaining your valuable financial information. If it is not accurate, the repercussions could be devastating to your business! Not only could it cause problems with the IRS & State Government but also with vendors, customers, creditors, etc.

If you hire the wrong person, it can cost you nearly 3 times
that persons’ monthly salary to correct the mistake.
Source: American Management Association

Whether you are hiring a staff bookkeeper or a 3rd party bookkeeping service, you need someone in charge of your books who has the training and experience to get the job done right. But finding a quality bookkeeper can be a challenge – unless you know what to look for.

FIRST, they need the right qualifications (resume)

It’s important to understand that bookkeepers are not necessarily the same as accountants. An accountant’s job is to provide financial advice and prepare taxes ~ a bookkeeper’s job entails the day to day things like recording income & expenses, reconciling bank statements, processing invoices & administering payroll.

The qualifications to look for in a good bookkeeper include:

ACCOUNTING KNOWLEDGE - Many people think only an accountant needs accounting knowledge. The truth is anyone who has anything to do with your financial information needs an understanding of accounting and how the big picture all fits together. This will help to ensure that your records are accurate & it will save you a lot of money because your CPA won’t have to spend as much time “fixing” things before they do your taxes.

EXPERIENCE - Although education & training are important, there is no substitute for experience. A qualified bookkeeper may or may not have a degree in accounting - some of the best bookkeepers you’ll find don’t. In fact, hiring someone that has only completed a couple of bookkeeping courses and has no actual bookkeeping experience is a recipe for disaster.

TECHNOLOGICALLY COMPETENT - You want to keep your books on a computer, not by hand, so ensure that your bookkeeper is competent in using a computerized bookkeeping program like QuickBooks.

FAMILIAR WITH INDUSTRY - Having a bookkeeper that is familiar with your industry will shorten the learning curve & provide better details.

Advertisement rates Wordcount:195
Category:Accounting
Views:36
Rating:-1
When making an Ad Booking you must choose an Ad Rating that best describes the content of the ad and the destination. Ad Ratings are provided to prevent inappropriate content from being shown to younger users.

Doing business in the UK Wordcount:532
Category:Accounting
Views:50
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Doing business in the UK

Company formation can be a relatively straight forward process with all of the online help that is available today. For anyone who is interested in company formations and how to get started, there is a wealth of information to be found on the internet at a variety of Agent UK companies.

Company formation process Wordcount:512
Category:Accounting
Views:46
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Company registration process

Company formations are very exciting. Forming a company from the ground up is a very risky thing to do, but it is a very exciting time in ones live. Knowing that you will soon be able to tell your boss to shove it gives you a feeling of joy. Though it is a process that you should understand, and you should realize that it is a process that takes time, in fact company formation could take months if you are going at it the right way. The company registration process alone takes a long time, as we all know, government take long with just about everything, no matter which country you are in.

Problems Regarding Subjective Interview Techniques Wordcount:1362
Category:Bookkeeping
Views:53
Rating:-1
“I just don’t understand. I used my best interviewing techniques and questions. I checked his references and they were great. My instincts said, “He’s a runner.” I poured my heart and soul into training him and now, six months later, he’s failing miserably. I’m going to have to let him go.” Sound familiar? It has happened to all of us.

Boost your Travel spending money. Wordcount:393
Category:Budgeting
Views:50
Rating:-1
Tips and tricks to help your travel money go further.

Company formation limited uk Wordcount:506
Category:Accounting
Views:57
Rating:-1
Company formation agents are not a new concept in the accounting world. Although, company formation agents are considered an independent entity from accounting firms, numerous accounting firms are offering services to help people incorporate their organizations. Forming a limited liability company has numerous advantages, and some of the major advantages include lower taxes, easy addition of new members and lesser paperwork. Contrary to popular belief, company formation agents do more than just help in incorporation. The following services are offered by most company formation agents:

Online company formation Wordcount:506
Category:Accounting
Views:55
Rating:-1
Company formation agents are not a new concept in the accounting world. Although, company formation agents are considered an independent entity from accounting firms, numerous accounting firms are offering services to help people incorporate their organizations. Forming a limited liability company has numerous advantages, and some of the major advantages include lower taxes, easy addition of new members and lesser paperwork. Contrary to popular belief, company formation agents do more than just help in incorporation. The following services are offered by most company formation agents:

Basic accounting tips Wordcount:582
Category:Accounting
Views:108
Rating:-1
Basic accounting tips

Accounting is not just about keeping an account of cash flow and expenditure. It involves thorough knowledge of profits losses, incomes and expenditures. Without the basic knowledge of accounting it is impossible to know how much profit or loss the business is making. About 500 years ago a man called Fra Luca Pacioli noted that three things are needed for business first sufficient cash. Second being comfortable with the numbers side of business third a system of organizing financial information. Today this is called financial accounting.

SAS Update Wordcount:680
Category:Auditing
Views:212
Rating:-1
Caporicci & Larson Report - In May of 2006 the Office of Management and Budget issued a new revised supplement for OMB A-133. This revised supplement had several changes made to grant program narratives on the program requirements…