How to Learn Bookkeeping Skills

If you're starting your own business, it's imperative to learn some basic bookkeeping. Keep the books well and you'll know exactly how much money you have, you'll be able to gauge trends and keep records safe and sound. Stuff it all in a shoe box and you're just asking for trouble.

Difficulty: Moderate

Instructions

Things You'll Need:

• Calculator
• Computer with accounting software or ledger book
• Filing system

1. Understand basic accounting terms, including accounts payable and receivable, balance sheet and income statement.

2. Ask a friend who is a bookkeeper or business owner to explain the fundamentals of basic record keeping, cash flow, the credit you receive or extend to other businesses, payroll concerns and taxes.

3. Sign up for a computer course in bookkeeping using QuickBooks or Peachtree, two of the most popular accounting software packages for businesses.

4. Consult your accountant or tax preparer for answers to specific questions regarding your bookkeeping. Your accountant may want to work closely with you as you set up your accounts, particularly if you plan on using accounting software.

5. Advance your knowledge by earning the Certified Bookkeeper Designation awarded by the American Institute of Professional Bookkeepers. Certification requires two years of bookkeeping experience, passing three tests and agreeing to comply with a code of ethics.

Resources

• The Colorado Business Resource Guide offers tips for setting up shop.
• The Lightkeeper gives at-home parents ideas for business opportunities.
• The U.S. Bureau of Labor Statistics has details about bookkeeping jobs.

Who Can Help Sponsored

• Fax without a fax machine! Over 11 million people use eFax® to fax online. Get your free trial today
• Onebox® - Virtual Phone System for Small/Medium Businesses. Service includes Toll Free, Local Number, Call Forwarding, Voicemail, Online Fax & more. Free Trial!

[babyhype]

on 10/2/2009 great information.

[HollyC]

on 10/2/2009 Interesting information on how to learn bookkeeping skills! 5*

[nanamusicgirl]

on 10/1/2009 Thanks so much for teaching us! 5 stars/
Recommended!

[maryanne09]

on 10/1/2009 Awesome article on How to Learn Bookkeeping Skills! Thanks for writng this! 5*'s :o)

[adriann]

on 9/24/2009 I quite agree - the computer software can't replace the "human" application and understanding - persons wanting to perform bookkeeping must know HOW its done if order for it to be effective.