Bookkeepers can be spotted in most business establishments. Some businesses however, ranging from small to big ones, prefer to operate without a bookkeeper and can manage to keep operations running that way. However, the absence of an effective and efficient bookkeeper can limit a company’s success potential. Why? Because the bookkeeper (whose role is oftentimes overlooked or underrated) is the person who performs the arduous task of recording all the daily financial transactions that occur such as sales, collections, revenues and even the tiniest expenses of the organization. Just imagine how messy the company records would be without a bookkeeper. How could one keep track of what to collect and what to pay without an organized and accurate set of records? How would one know how much cash is needed and how much cash is on hand without the bookkeeper?
In the Philippines, companies hire bookkeepers whose qualifications include the attainment of at least a degree in Accounting. This can be due to our perception that anyone who has graduated from an Accounting Course is automatically equipped with all the knowledge and skills necessary to perform effective bookkeeping. Yet, years of experience have taught us that both our minor and major problems today are brought about by the lack of the actual practical and necessary skills of individuals tasked to do the bookkeeping function.
Is there really a standard on how to do bookkeeping? Should a bookkeeper also be knowledgeable on the tax implications of transactions? Are there specific necessary skills and knowledge that should be focused on if you want to qualify as a bookkeeper? If I am an accounting graduate and have taken the CPA board exam, can I be assured that I already possess ample knowledge to perform bookkeeping at the onset of my career?
Entrepreneurs Accounting Academy envisions to develop a new breed of bookkeepers and entrepreneurs who understand the ins and outs of the business and are fully equipped in answering the needs of the business industry in order to yield a standard bookkeeping process and a consistently effective bookkeeper. With our Bookkeeping Course, you can become just that – a consistently effective bookkeeper that keeps up with the standards of the industry. Enroll in our course and have the option of going through the regular course or the fast-track program. Be a qualified bookkeeper within just 5-12 months! Click here to know more.
Bookkeeping: an overlooked element in business operations « Entrepreneurs Accounting Academy
[...] Bookkeeping: an overlooked element in business operations Bookkeepers can be spotted in most business establishments. Some businesses however, ranging from small to big ones, prefer to operate without a bookkeeper and can manage to keep operations running that way. However, the absence of an effective and efficient bookkeeper can limit a company’s success potential. Why? Because the bookkeeper (whose role is oftentimes overlooked or underrated) is the person who performs the arduous task of recording all the daily financial transactions that occur such as sales, collections, revenues and even the tiniest expenses of the organization. Just imagine how messy the company records would be without a bookkeeper. How could one keep track of what to collect and what to pay without an organized and accurate set of records? How would one know how much cash is needed and how much cash is on hand without the bookkeeper?>>>READ More>>> [...]