Classic Events

the book keepers

Tag: Informations about Bookkeepers

The Eight Most Common Bookkeeping Mistakes

INTRODUCTION

When you hear bookkeeping, it sounds like a very easy exercise. Get the numbers and put them in the right place. And it can be so easy, so long you get the puzzles correctly, and they cut rightly. Here are the top eight mistakes that companies have suffered from accuracy, completeness, and security and how to avoid them.

Failure to track petty cash

Many companies see petty cash as s fund for various expenses that really are too little to care about. Who cares about $2 to buy a new pack of staples or $10 you can give to the cleaner after tidying? Eventually, if the annual cash cost of initiating a small addition of hundreds of dollars, the ATO will Fill out petty cash receipt so your bookkeeping can follow up with every expense.

Not saving small receipts – No matter what the payment method, all receipts need to be saved or a note of the expense made in a diary. As many businesses fail to do this with small invoices as with petty cash. All those small expenses add up – to save all of your receipts.

Not tracking reimbursable expenses

Yes, all of the top three bookkeeping sins are related to failing to keep records! You should collate and submit for reimbursement any expenses paid for out of your pocket at least once a month to help prevent things being ‘lost’. To assist record keeping, you could try to make payment of all reimbursable expenses from a separate credit card (used purely for business) – that way you can identify any missing receipts from monthly credit card statement. See more.

Not reconciling books to bank statements

Any small error in bookkeeping can quickly grow out of proportion, as new calculations are based on old figures and balances. Reconciling your books to bank statement will be done automatically by the bookkeeping services; if you’re handling your own accounts, make sure you also do it.

Failing to keep a paper trail

Try to keep documentation for every step of any transaction. Any place you see a receipt slip, fill it out and take it away. If there’s an option to keep a carbon copy, do so. If you have more than one bank a/c (i.e. credit cards and cheque account).

Not backing up your company file

Most bookkeeping services will back up your company’s electronic bookkeeping records at every visit. However, if you do an entry yourself, you’ll also need to ensure you do this.

‘Abstract’ or ‘artistic’ accounting methods!

Issuing cheques out of order using creative rather than logical invoice numbering sequences writing some things down and recording others on the computer all of these eventually doom your bookkeeping to becoming completely indecipherable.

Not properly classifying employees

To the ATO, it makes a big difference whether you are paying an employee, a consultant or a contractor. It will also be central to accurate bookkeeping, so ensure you know the difference, and you agree with your payee as to their classification.

CONCLUSION

A lot of new business owners fail to understand the value of their time and think they can squeeze in the bookkeeping tasks between the many other tasks they have. This shortchanges the company and eats up a lot of time, particularly for those who are not familiar with today’s accounting software. For more information visit: http://bookkeeperco.com.au/payrollservices/

 

 

Learn How to be a Bookkeeper

How do you feel about accounting and bookkeeping? You will either be all for it or running from it. If you are the latter, keep on running however, if you would like to know the backbone of what runs your business than read on and learn. All businesses, regardless of what kind of operation you got going will run on some type of bookkeeping. Accounting and bookkeeping are essentially in order to ensure that the funds are available to run the business.If you don’t know anything about bookkeeping don’t fret. According to an article, you can learn bookkeeping at home through the mail and or the internet. With internet and or mail order courses, you can get the accreditation or certification that you need to become your own bookkeeper and even change others for your service. Learning bookkeeping is obtainable and could assist you greatly in your own business. As a bonus, if you can become good at bookkeeping than you could do it freelance as well giving you yet another stream of potential income.

If you are looking for a reasonable price on how to turn all your digital prints into photographs than you have found it when you use Shutterfly. With Shutterfly, you will be able to easily transform your digital photos,into great photographs. Looking for the perfect gift idea? Take your digital prints and have them turned into unique gifts. The best thing is that you don’t have to be a creative person to make something beautiful and wonderful. From storybooks, coffee mugs, mousepads, tee-shirts, magnets, stationary blankets and more; if you can dream it up you can achieve it at Shutterfly and with their partnership with Groupon Coupons you can save even more money.

Use Shutterflyfor all your digital pictures requirements. Be sure to seeGroupon Coupons first for money saving coupons and coupon codes. Use this promo code and get up to 50 percent off. Enjoy up to 83 percent off custom phot books when you use this code. Act now and get 50 percent off holiday cards when you use this code. Act now and get free shipping with this promo code. Enjoy a free 8×8 hard cover photo book with this code. Get a free set of address labels today when you use this promo code. Use this code and get 25 percent off with Visa Checkout. Use this promo code and get 25 percent off any order of holiday cards, gifts and more.Enjoy a free calendar with this code. Save more with this code and get 50 percent off any order. Enjoy three free gifts when yousign-up using this code. Get a free bookmark when you use this promo code. New to Shutterfly? Use this promo code and get free gifts!Act now and get 30 percent off all orders when you use this code. Enjoy 30 percent off custom calendars when you use this promo code. Save on personalized gifts when you use this code. From discounts to free shipping you will discover plenty of savings when you use Groupon Coupons.

Don’t let all those digital pictures go unseen by hiding them on your computer, create wonderful pictures with Shutterfly today. Be sure to use Groupon Coupons first and save more money on what you need to do to make those everlasting memories last forever.

Information on Bookkeepers — Job Description

Information on Bookkeepers — Job Description

Becoming a Bookkeeper

Bookkeeping jobs require the patience in having to deal with 40-hour+ workweeks and have an excellent attention to detail. Some are just happy and contented a freelance jobs while they are able to perform and maintain their full time jobs. Bookkeepers account for at least 2 million on the available jobs within the US. The statistical data shows that they was such a steady and growing demand for bookkeepers. To know about bookkeeping and its allied information, click at http://bookkeeperco.com.au/

On top of academic and experiential requirements, there are also non-tangible requirements that add to the bookkeeper job description, such as character traits for one to be considered apt for the job. These traits include:

• Great attention to the tiniest details to spot and avoid errors at the same time.
• Capacity for integrity and discretion as bookkeepers find themselves working with confidential matters from time to time.
• Good communication ability interlaced with a very commendable interpersonal ability to deal properly with the clients.
• Good grasp of mathematical systems and ability to operate complex accounting computer software.

Information on Bookkeepers — Job Description

Who are book keepers?

The bookkeeper’s job description includes calculating expenditures of company, the filing up receipts, recording reports on both payable and the receivable accounts, and the preparation of financial statements that reflect the profits and losses. Among several job descriptions, the profession requires being computer literate. Bookkeepers gather their knowledge of the job through education and experience earned by being an apprentice before moving on to being a professional in the field. Bookkeepers are employed to maintain the financial books of businesses ranging from small-scale to large enterprises. Bookkeepers are sometimes called accounting clerks or auditing clerks.

Nature of Bookkeeping Job Description

Large enterprises employ a whole team of bookkeepers, each specializing in a particular segment of the financial books. The one that handles everything that deals with the payroll, may have the position of payroll master or clerk. Another will handle all accounts receivable and a colleague will handle all accounts payable. Entry-level clerks simply crunch the numbers, record and input data. More expert ones who are holding for a supervisory positions get an additional responsibilities such as balancing all the records, doing bank reconciliations and formulating company-wide policies that will help achieve the financial goals of the entire organization. Corporations that need a team of bookkeepers either source out the responsibility to independent firms or they may maintain a whole department that deals with their finances. All businesses, however, will employ independent auditors at least once to check on the records and postings of bookkeepers as a measure of checks and balances.

Individual bookkeepers are employed in small-scale businesses while large enterprises employ the services of whole auditing or bookkeeping firms to keep their finances in order. When financial books or records are left to amateurs, chances are high that any business will flop or fail either from mismanagement of assets or through forced closure because taxes are not properly paid. A bookkeeper job description is also to ensure that all assets are accounted for. Without the detailed work of an accounting clerk, funds may go missing. Some firms even delegate the task of taking care of the payrolls, purchasing or procurement of tangible assets and collect form debtors. Detailed information about tangible assets can be obtained by clicking here.