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help needed

    • 14 posts
    April 10, 2007 12:08 PM EDT

    Hi Tayla

    If you are interested in being a professional bookkeeper, look to American Institute of Professional Bookkeepers.  See www.aipb.org.

    Its this institute that is thorough in educating future bookkeepers it has a certificate program that will give you the credit you need. 

     

    There are a lot of activities that you will find yourself doing for year end such as.

    1.      The closing of all expenses and revenues to owner’s equity or stockholders equity

    2.      The issue of qualified 1099’s for vendors or contractors.

    3.      The year end of corporation’s annual income report return filed to the state.

    4.      Company’s financial Year End Comparitive statement or standard statements with financial notes of activity if a public corporation (small business are too encourage to include these notes since it is the latest trend in financials)

    5.      The issue of w-2’s for employees from the prior year

    Before all this year end issues that you will face there are monthly, quarterly, semi annual and annual reports that will be needed depending on the type of business and its activity.

    In the end when pursuing your profession as a bookkeeper they will only cover so much as far as accounting goes, there are tax issues that you will need to be aware of and on top of each month.  Not that if the company sales and delivers products to different parts of the country (US) they will or may be likely to the sales tax liability for that state and local area (city or county).  That being said the company will have to register as a interstate or foreign commerce.  Look to the department of revenue for more on that.

    Good luck with your profession!

    Bree

     

    • 20 posts
    April 7, 2007 4:24 PM EDT
    There are many different qulifications you can possess to handle things.  At the far end of the spectrum are CPAs and at the other end are bookkeepers.  Check out http://www.aipb.org/index.php 

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    • 1 posts
    March 30, 2007 7:44 AM EDT

    a friend has just started up a business, he is asking me to do his accounts, i havent got qualifications but am confident in all areas.im just about to start a course for starting my own book-keeping & payroll business, but it doesnt give you a recognised qualification, they are optional at extra costs etc

    just out of interest what qualifications do you need to be the company account, to do all end of year stuff etc..........

    i always thought an outside accountant was needed for any company

    im confused can anyone clarify

    • 31 posts
    January 7, 2014 1:10 PM EST


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    • 9 posts
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