If you are one or both of these archetypes, you may be well suited to be a bookkeeper. However, if you are artistic, this is probably not a good career for you. Unsure of where you fit in?Take the career test now. Here’s how the Holland codes of the average bookkeeper break down: Conventional Enterprising ...
Some people enjoy being the backbone that makes a business run, whether working in a human resources function at a company or working to ensure a company's finances are in order. These jobs exist in the business management and administration career cluster, which includes jobs like: Bookkeeper ...
Consider your budget when deciding whether to do your own bookkeeping or hire a professional. Outsourcing can offer peace of mind and free up your time, but it also adds an ongoing expense. Look closely at your finances. Can your budget comfortably support the cost of a...
Hiring an experienced bookkeeper or engaging a professional bookkeeping service can help ensure accurate financial records and compliance with accounting standards. By establishing good bookkeeping practices, small businesses can gain a clear understanding of their financial position, make informed decisions,...
As you can see, bookkeepers generally must have a good understanding of accounting principles andGAAPin general. Once the business event has been evaluated, the bookkeeper makes ajournal entryin thegeneral ledgerto remove the old vehicle and associated accumulated depreciation and record the purchase...
According to the employment websiteIndeed.com, the average bookkeeper makes $22.60 per hour, translating into just over $45,000 per year if you need someone full-time. But many bookkeepers are willing to work just a few hours each week or each month, making this option more affordable. ...
As a business owner, you know how important it is to keep payroll running smoothly—but do your employees know how to use their pay stubs? Here’s how you can guide your team. 1. Check their pay stubs Pay stub errors can happen, and catching them early makes corrections easier. Encourag...
CFOs are taking on more enterprise-wide responsibilities. This makes sense, given the value a well-rounded CFO can bring to any initiative. But the CFO essential function remains keeping cash flow health and the finances in order and in compliance. So, the wider the role, the more important...
What’s a good quick ratio? A great target ratio is 1.0. If your acid test ratio is 1.0 that means you have $1 to cover every $1 of expenses. If it's 1.5, you have $1.50 for every upcoming $1 in expenses. Low ratios, however, mean you might struggle to pay your upcoming bills...
As you can imagine, the cost of your inventory has a significant impact on your business’s profitability. This makes effectively managing it critical to the success of your retail business. You can significantly impact the profitability of your retail business by paying close attention to your gr...