The 10 Bookkeeping Basics You Can’t Ignore

Career Advice: Accounting Vs. Bookkeeping

If you’re a professional bookkeeper, you know how important it is to know the basics. Even if you do not currently run the bookkeeping services for your office, having a basic knowledge of how they works can help you out in the long run, both in saving money and helping recognize errors. We’ll run you through a few of the most common accounts you’ll encounter!

Cash, Accounts Receivable and Accounts Payable

The most straight-forward and basic type of account, cash is exactly what it sounds like. All transactions are done with cash, and it is even more important that you are very dedicated in your services as a bookkeeper, as there is many times no paper trail to help you out.  Make sure you keep two seperate ledgers – cash receipts and cash disbursement – to help keep … Read the rest

Top Guidelines to Choose Professional Bookkeeping Firms

Professional Bookkeeping Firms

Do you know that there are several professional bookkeeping firms today? Despite the fact that they are many most people find it daunting to choose the best firm to hire. Bookkeeping firms are very important today and especially to those who have businesses or to big companies. In any business the main objectives are to increase profits, expand business and ensure the business continues growing and for these to be successful there must be an up-to-date and professional method of bookkeeping.

In Melbourne, the increase in number of companies and businesses has led to increase in number of bookkeeping firms. Let it be known that not all bookkeeping firms offer quality services and therefore when looking for such services you are supposed to do some referrals and get assistance so that you can be able to get a professional firm … Read the rest

Online Bookkeepers Help Companies Operate Optimally!

Online Bookkeepers

Bookkeeping in business organizations is something that a bookkeeper does thus it is a mystery, which is not worth to associate with, or it is unwelcome and time consuming. In addition, when it is done manually with paper ledgers it is an irritation. But for those business who have chosen to engage their bookkeeping electronically and opted for the use of effective accounting software packages than the use of Excel spreadsheet, it mostly offers a huge learning curve that require outside help. Specialists and bookkeepers will come, set a system for usage, and even train staff. The use of a professional bookkeeper is a common choice among organizations as it is able to offload the bookkeeping problem entirely.

However, at the same time keeping accounts information far from business can be problematic mostly when there is need for immediate access … Read the rest