Is Bookkeeping Difficult To Learn?


Bookkeeping is not just something you can pick up and do without any training or experience. You need to know the basics of bookkeeping, accounting, and even have some tax knowledge in order to be able to do your job well. Bookkeeping actually has a lot of rules and regulations that need to be followed. Bookkeeping is hard work, there are a lot of things that need to be taken care of at once.


What Is Bookkeeping?

Bookkeeping is the recording, summarizing and reporting of financial transactions related to your business. It's the process of tracking and organizing your financial information in order to create accurate financial statements, whether they're monthly statements or annual statements. The books you're keeping could be your own personal books or they could be the bookkeeping for a company whose books you are keeping for them.

Bookkeeping is a valuable part of running any type of business, whether it's a sole proprietorship, partnership or corporation. When you don't have someone who's skilled at keeping the books, it can lead to errors and mistakes that can negatively affect your business on so many levels—from late payments when invoices aren't recorded correctly to not being able to accurately project future financial success because records aren't being kept correctly.

Duties of a bookkeeper

As a bookkeeper, you will be the one who handles all of the finances of the company. You will be responsible for keeping track of how much money is coming in and how much money is going out, making sure that everything is accurate, and filing taxes on behalf of the company. This isn't something that you can just do without any training or experience, either. You need to understand the basics of bookkeeping and accounting so that you can properly serve your client.

During the course of your work as a bookkeeper, you will be in charge of doing things like creating monthly financial statements and maintaining payroll records. Even if you aren't doing payroll yourself, you still need to have a firm understanding of it so that you know what's going on when it comes time to pay an employee. Without this knowledge, you won't be able to give great service to your clients.

You should also be aware that bookkeeping isn't an easy thing to do. While it's true that some people are naturals at it, most people who are new at it have had to take classes or get trained in order to get better at it.




Other Articles

Helping you tick every requirement off your ‘where-to-study’ checklist is Boston City Campus! An accredited Higher Education Institution, Boston offers Postgrad, Degrees, Diplomas and Higher Certificates -full-time, part-time and online. At the centre of our institutional goals lies our commitment to the learning and development of our students -these form a culture of excellence, resilience, and entrepreneurship.

If you're looking for a medical profession that's easy to get into, becoming a general practice doctor is probably the easiest route to take.


Latest SASSA Articles

The Sassa Social Relief of Distress grant is being paid to all qualifying beneficiaries. If you are among those that have been meaning to apply for an appeal to your reject application status, Here is the procedure on how to lodge an appeal for your declined R350 grant application.

Does your R350 SRD grant application status say 'Self Exclusionary Response Found'? Here's what this means and what you can do about it. 


Careers Advice

Cyber security professionals do not have an easy job, which is one of the reasons why they are highly sought after by companies in all industries. As the importance of data security increases, companies find it increasingly difficult to protect their data. 

When you hear about your friend’s fabulous job in tech, the perks and the pay, it all sounds pretty awesome. While it might feel like grass is always greener on the other side, making a career switch isn’t always what it’s cracked up to be.