All of your life you have probably had someone drill into your head the misconception that if you want to get anywhere in life, you must have a college degree. They certainly meant well, and education is a great way to improve your chances of success. Most university Accounting programs prepare you well for a job in corporate accounting. But what if you want some variety out of life and excitement that rarely is spawned in a cubicle? What then?

The simple fact is that for the wage worker of today to achieve their financial potential, they must either augment the income that they receive or strike out on their own by starting their own business. Working at a traditional job puts dollars in your employer's pocket, in most cases many times what they pay you in salary and benefits. What was once known as expected perks like retirement and good health benefits are continually watered down. Do you feel that you want to take control of your future? You can, and thousands are already reaping the benefits of getting off the treadmill and really beginning to make headway in making your goals their reality.

There's a better way. Starting your own bookkeeping business may be the ideal opportunity you are looking for. The Professional Bookkeeper to find the most profitable clients using easy, proven marketing techniques. An average graduate of the Professional Bookkeeper makes about $300.00 per client per month, which takes just 6-8 hours monthly. Add the Professional Tax Prepare™ course to your skill set and raise that to $400.00 per month when you also charge for tax planning and preparation.

Federal Regulations Require Bookkeeping

It is a simple fact that every single business, whether they are a Fortune 500 company or the florist shop down the street MUST account for income and expense by law. How many fields can say that the government mandates that their services will always be in demand? Accounting and tax are about the only fields that enjoy that kind of protection.

Accountants and Bookkeepers Skills Make Businesses Profitable

Businesses that want to stay in business are well aware that they must understand the financial health of their company, but financial analysis is something that most small businesses owners do not have training in. When you do a company's books and summarize in report form profit and loss and expenses, you are the single person whom that company can go to find out if they are even making money or not. You are in a unique position to financially keep the owner in control of their company's future. Because you are the key financial contact with a small business, your advice is appreciated and you become one of its most valued contacts.

Stability

If you are looking for an opportunity where you will not have to spend the rest of your life learning new disciplines, Accounting is for you. The principles of Accounting and Bookkeeping for Professional Bookkeeper are the same methodology that has been used for over 300 years! Unlike technical careers where you must constantly retool every couple of years, when you learn Accounting, you have learned a skill for life.

Payments are recorded on the right-hand page, and with some care and attention to detail it is perfectly possible for the proprietor of a small business to write such records to a standard acceptable to an accountant, thus making a considerable saving in accountancy fees.

Complete - that is every transaction made in a bank account must be recorded in the cashbook appropriately.

Analyzed - transactions of the same type (e.g. Wages, Materials, Road Fuel etc.) must be entered in their own separate analysis column and then summed at the foot of the page.

Reconciled - the entries made in the cashbook must be checked with the bank account or credit card account statement, corrections made, and an account balance calculated.

Entries for Receipts Transactions

Receipts are recorded on the left-hand page. When money is paid into a bank account, be it cash, check or transfer it must be recorded in the same way as for payments.

Balancing the Entries

At the end of the accounting period check that the sum of the individual analysis columns equals the sum of the total column. Add to the previous month’s closing balance (which may have been negative) the total received and deduct the total paid. The result is the closing cashbook balance at the period end.

Start Bookkeeping Company

Have you experienced frustration in making the financial progress you desire? Most employees have experienced that same frustration. No matter how hard you work, your boss has set limits on the amount of money you can earn. Raises become less frequent and for smaller amounts. For all your work, you begin to feel like you are going nowhere fast.

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