...Dear Hiring Professional, I am interested in working for your company as a part time Bookkeeper. I have prior Bookkeeping/Accounting experience as well as experience preparing payroll and office management. In addition I have familiarity with Peachtree, and I have experience in QuickBooks. As the attached resume indicates, I have worked in the accounting field for several years, and consider myself very capable and confident of doing any task. I have done bookkeeping both manually and with software. I have educational and work experience in all areas of business management, accounting and human resources; including payroll, income taxes, and benefit administration. My most recent employment includes bookkeeping using QuickBooks Pro. I possess strong verbal and written communication skills, and am able to work independently. My computer experience includes Windows XP, Microsoft Office, and QuickBooks Pro. If given the opportunity to work for your company, not only will you receive a hard working, well organized individual that can multi-task, but also an honest person that will be an asset to your organization. I am currently one course away from receiving a Bachelor Degree in Business Administration with a minor in Accounting and a concentration in Human Resource Management from Indiana Tech in the College of Professional Studies Division. In addition, I currently hold an Associate Degree in Accounting. My work experience has prepared me to work for...
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...Bits & Bytes Computing Services 2 Complex Street Sydney NSW 2000 Dear John Re: Engagement of 4 All Accounts (NSW) as Bookkeeper and BAS Agent Thank you for engaging me to work as your bookkeeper and BAS Agent. I look forward to working with you. As agreed during our meeting on 12th November 20xx, the scope of work that you require me to provide is as set out below:- 1. Provide bookkeeping services as follows: a. Process sales transactions b. Process purchase transactions c. Process cash receipt and cash payment transactions d. Produce a report of all outstanding debtors e. Process general ledger transactions, including journal entries f. Carry out bank reconciliations on a weekly basis 2. Payroll Services a. Enter staff timesheets b. Prepare payroll runs as per required frequency c. Monitor employee entitlements d. Reconcile payroll on monthly basis to ensure no discrepancies e. Prepare end of year payroll reconciliation and payment summaries 3. GST/BAS a. Reconcile, verify and report in relation to the GST accounting b. Prepare and Lodge Business Activity Statement as required c. Prepare and lodge Instalment Activity Statement as required d. Liaise with Australian Taxation Office in relation to these services 4. General a. Provision of telephone support b. Liaise with external accountant Should you require any additional work outside the above scope could you please advise in an email before commencement. If I believe...
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...People often confuse the roles of bookkeepers, accountants and certified public accountants (CPAs). It's not surprising since many of their duties overlap, but the overall responsibilities of each role and the level of authority held by the positions differ. They all share fiscal responsibility – in degrees – for the company or organization for which they work. Bookkeepers Often considered by accountants and CPAs as just technicians or clerks, bookkeepers perform some of the same daily tasks as do accountants and certified public accountants. Many bookkeepers work as freelancers for small businesses in need of financial recordkeeping. Bookkeepers maintain daily accounting records, posting debits and credits, generating invoices for clients and checks for vendors as well as handling payroll. Many small business owners often double as bookkeepers. Bookkeepers typically lack the education of an accountant or CPA, as they gain on-the-job experience. Professional organizations for bookkeepers help to improve professional recognition for bookkeepers by accounting professionals as well as providing certification programs of abilities and skills. Accountants Accountants have a four-year college degree. While many accountants have an educational background in accounting, some are more general business majors. Companies that generate more than a million dollar in sales each year might have an accountant on staff or hire the services of a professional accountant from an accounting firm...
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...UNIT TWO BOOKKEEPING Ex 29. A. Study the following special terms and answer the questions below. Asset: Anything of value or use to an organization. This includes cash, receivables, securities, property, and intangibles, such as goodwill. Goodwill is the extra value (such as a company's reputation and other intangibles) of a business not reflected in its financial statements. It is usually determined at the time of sale and purchase of a business. The word asset is frequently used in the plural. Liability: An obligation that is owed by an organization: debts to other organizations for merchandise or services; wages owed to employees; accrued (owed but not yet paid) taxes; and payments due on loans or mortgages. Capital: The investment in an organization or business by its owner or owners. Other terms often used instead of capital are owners' equity, often abbreviated 0E, and proprietorship. Account: A record of the changes and balances in the value of an individual item listed in the ledger of an organization. An example of an asset account is the company's furniture and fixtures, usually listed as one item since it would be impractical to list every desk and chair. Each account, usually abbreviated а/с, frequently has its own page in the organization's ledger. Double-entry: A method of bookkeeping in which the twofold effect of every entry is recorded, thus requiring two entries to record each transaction. By recording both effects of each...
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...Common Accounting Unit FNSACC403B Make decisions in a legal context Assessment Task 2 – Written Report 31470/02 By Kim-hung PUN Student number E0574958 All terms mentioned in this text that are known to be trademarks or service marks have been appropriately capitalised. Use of a term in this text should not be regarded as affecting the validity of any trademark or service mark. © Open Colleges Pty Ltd, 2014 All rights reserved. No part of the material protected by this copyright may be reproduced or utilised in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner. Printed in Australia Instructions Once you feel confident that you have covered the learning materials for this unit, you are ready to attempt this assessment. To complete the assessment, please create a new Microsoft Word document and type your answers to each question or task in this document, noting the question number from the assessment. Alternatively, you can download a Microsoft Word copy of this assessment from the relevant Study Period of your course in OpenSpace. To help Open Colleges manage your assessment, please use the following file naming convention when you save your Microsoft Word document. Your file should be named and saved to your computer’s hard drive using your [student number]_[assessment number].doc. For example 12345678_21850a_01.doc Assessment...
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...LEARNING ASSIGNMENT 1 UNIT 3 QUESTIONS 1. Explain the law of diminishing marginal returns? 2. Explain the following terms: a. Isoquant b. Marginal rate of technical substitution c. Isocost and what is the composition of this equation. 3. How do we determine the optimum level of for two inputs in the long run? 4. How do we determine the optimal level of a single input in the short run? Graph 1 K E D F C Q3 B Q2 A Q1 LABOR Above graph represents isoquants and isocost curves. On the vertical axis we find capital and on the horizontal axis labor. 1. Which points in Graph 1 represent technical efficiency? What condition is true at these particular points? 2. If output elasticity is less than 1, what information does it provide to the manager? Exercise 1 In Graph 2 we see the long run as well as short run expansion path for Maurice & Thomas Corporation. The price of capital (K) is $60 per unit and the price of labor...
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...having a department head who is usually a teller, a head bookkeeper, or perhaps a junior officer. In the very large banks the executive staff is itself organized into groups, and there may be a vice - president and one or two assistant cashiers in charge of each important department. The work of a department in a large bank is nothing more nor less than the work of a single man in a small bank, apportioned among several men. For example, the receiving teller in a five-man bank will take the deposit, count the cash, examine the checks, assort them as to place payable, enter them upon the proper records and make a settlement or proof at the end of the day. In a large bank each of these operations is performed by a different man or group of clerks under the direction of the receiving teller, who is head of the department. It may be that he himself will do very little if any of the detail work. He becomes the manager. Frequently we find a department within a department, as for example, the money department within the paying teller's department. The ordinary departments, classified as to group, may be described as follows: Paying Teller's Department (Teller): Pays or certifies checks. In charge of the signature book or cards bearing the authorized signatures of all depositors. Ships currency. In charge of the vault cash and reserves. Receiving Teller's Department (Teller): Receives deposits. Distributes checks to bookkeepers and other departments. Prepares exchanges for clearing...
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...A bookkeeper is an expert in accounts and, and is primarily concerned with maintaining and keeping account books. Bookkeeping is an art, and lot of expertise is expected from him. Bookkeepers are required in each and every field, as maintaining books is an essential part of any business. They are concerned with maintaining all the books of the organization, and they keep log of each and every transaction concerning billing and payment. A bookkeeper is an accounting professional who manages a company’s financial records such as accounts receivable and payable, ledgers, cheques and bank statements. He or she will also be responsible for managing profit and loss statements and balance sheets. Bookkeepers are required to possess at least a bachelor’s degree in accounting as there are many financial functions that need to be performed for which a strong accounting background is needed. Dear Mr. Rudson: This letters expresses a special interest in the potential position of a Bookkeeper at Scott Management Co. I am aware that the company has just started out and may be looking to fill its need of financial staff and I am here to provide these services. My experience as a bookkeeper spans over three years during which I have worked with one large conglomerate and one small company. There, I developed expertise in cash handling, cash deposits, A/R, A/P, invoice processing, reconciliation, and payroll functions. Some of my key strengths include: exceptional organizational...
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...BACKGROUND OF STUDY To be a developed nation, it is important for industries, and the country, as a whole, to achieve global competitiveness. In this respect, the IMP3 has adopted the overall theme ‘Malaysia - Towards Global Competitiveness’ and other countries also working towards on that. Industries must strive for global competitiveness through the transformation and innovation of the manufacturing and services sectors. According to The Small and Medium Industries Development Corporation (SMIDEC) SMEs account for close to 99 % of all the establishments in the manufacturing, services and agricultural sector, provide around 65% of total employment and it is expected that the value added production of SMEs to be around RM120 billion or 50 % of total production in the manufacturing sector by 2020. Malaysian SME contribution to the GDP was only 32 percent in 2006 compared to that of 40 percent in the United States, 57 percent in Germany, 55 percent in Japan, 60 percent in China, 57 percent in Indonesia and Thailand at 38.9 percent. Innovation and the capacity to innovate are among the most important factors that affect an organizations competitiveness and performance SMEs due their small size, limited managerial capabilities, as well as limited resources do face a challenging task in innovating. SMEs as compared to larger firms are weakly structured in innovation, low market power and scarcity of resources in order to appropriate the benefit of their innovation. In...
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...processes and reports to make decision making with accurate information through the accounting practices of bookkeepers. Through analysis, the following paper, describes a small glimpse of the accounting process and how they relate to each other. Purpose of Accounting The purpose of business accounting is to identify and record activities that will impact the organization or company financially. These activities can include sales, purchases, the interest earned from investments, and acquisition of other capital. Activities like these can be categorized in terms and posted as an accounting record. The accounting cycles typically is recorded in ledgers and journals and is part of the process. Systems and processes are developed by accountants to analyze different transactions. Each transaction that involves the sale of goods and services needs to be recorded in a general ledger which needs to be evaluated and analyze. As they are posted to their specific account, bookkeepers use this function of accounting to help maintain each transaction as debits and credits. Bookkeepers are responsible for specific types of financial activities which are typically used to analyze the value of accrual method of accounting, providing reports for different people in an organization. They can also develop an internal control system and procedure for the company or organization. Many bookkeepers also are responsible for preparing financial statements such as balance sheets, income statements and statements...
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...Career Plan Analysis Paper Business Communications for Accountants 230 Chelsea Baker June 29, 2015 Instructor Christa Deeden Career Plan Analysis Paper This course applies to my career plan in many ways. Based on the Career Exploration I have chosen five career options for myself and I feel this will help a lot with a few of them. However the one I am most concerned with is the one at the top of my list which a bookkeeper/accounting clerk. Now when I first thought about this course and that job I could not really figure how to two could work together because my impression was being bookkeeper I would not have to do much communication however that thought was wrong. Being a bookkeeper is a vital part of a company because you are probably handle all the number of the company and because of that many people will look to you to see how the company is doing financially. This course has provided me with information on how to communicate this information properly, which might be the best way to do so and what type of stuff one would need to keep in mind when preparing reports, memos, etc. It has also showed me that it is not as simple as just writing something that there is a proper way to do so and one should be mindful when doing so. It also so thought me that one should do research when dealing with companies of different cultures because it is so easy to say the wrong thing without even knowing it just because words mean different things when you dealing with different...
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...has been denied by the local finance institutions for loan in order to expand his business. Executive Summary *Assumptions were made and are presented in Appendix A* The owner, Jim Bowden owns a brake service shop. His business specialized in fixing car brakes and possible other repairs. Jim is seeking to expand his business, the owner had fill out financial form in the local finance institutions. Jim appeared to be very furious at the local finance institutions. As it turns out, all the finance institutions turned down his request for loan. Since his requests were turned down, Jim is unable to expand his business. The local finance institutions had recommended for the owner to look into ratio analysis. The problem is, both the bookkeeper and accountant are on vacation during the time of need. Jim is clueless about ratio analysis and is frustrated. There is a Human Resource Manager who was hired several months ago. This HR Manager had some training in managerial finance. The HR Manager offered to help the owner figure out the finance. At first, the owner felt skeptical because he did not think HR would know anything about finance. When the HR Manger discovered Jim needed a ratio analysis, both the owner and HR discussed agreements. An agreement was made for the HR Manager to be part of management team meeting. Since the agreement had been made, HR Manger will develop ratio analysis for Jim Bowden. The owner went ahead and provided his financial statement to the HR...
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...The recent release of the Statement of Accounting Standards No. 112 regulation made it necessary to communicate the standard and its impacts to the accountants within the firm. It was also imperative to make our key clients aware of the regulation and how it might affect their business. Finally, to ensure seamless compliance with the regulation, we are educating our clients’ bookkeepers of the regulation and its ramifications on their duties. When accounting standards are updated, the changes often must be communicated to several different audiences, as demonstrated by this change. Communicating this information to different audiences presents several challenges that need to be carefully navigated. One challenge that exists when communicating to different audiences is that they have a need of different levels of information. In the example here, our client’s senior leaders need to possess a high level understanding of the change so that they can properly manage the new expectations that their staff will need to follow. The bookkeepers will need to understand the implications to their job functions. The firm’s accountants, however, will need to understand the full breadth of the regulation to ensure compliance to the new standard. A second challenge is the need to understand the knowledge base of audiences that are being addressed. Not every audience will possess the same understanding of accounting. As a result, the materials delivered to different groups must be tailored...
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...Lab 4 worksheet WORKING WITH WORKGROUPS, USERS AND GROUPS |EXERCISE 4.1 |JOINING A WORKGROUP | |OVERVIEW |In Exercise 4.1, you configure your workstation as a member of a workgroup, so that you can use all of | | |the Windows 7 tools for creating local users and groups. | |Completion time |10 minutes | 8. Take a screen shot showing the Welcome message by pressing Alt+ Prt Scr, and then paste the resulting image into the Lab04_worksheet file in the page provided by pressing Ctrl + V. [pic] |Exercise 4.2 |Creating Local Users and Groups | |Overview |The new hires in the Accounting department at Contoso, Ltd. need local user accounts for their | | |workgroup computers-not only for themselves, but also for other department workers who need access to | | |their data. In Exercise 4.2, you create a new local user account for the director of the accounting | | |department, Jay Adams, using the Windows 7 User Accounts control...
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...Polocies ACCOUNTING POLICIES & PROCEDURES FOR THE PHENIX CITY BOARD OF EDUCATION TABLE OF CONTENTS INTRODUCTION 4 ACCOUNTING REGULATIONS FOR SCHOOLS 5 ACCOUNTING POLICIES AND PROCEDURES FOR HANDLING SCHOOL FUNDS 7 LEGAL COMPLIANCE GUIDELINES 9 PUBLIC FUNDS 10 NON-PUBLIC FUNDS 11 PUBLIC AND NON-PUBLIC FUNDING 12 RECEIPTING MONEY 14 DEPOSIT POLICY 15 BANK ACCOUNT 15 ACCEPTANCE OF CHECKS 16 MASTER RECEIPT BOOK 16 TEACHER RECEIPT BOOKS 17 REFUNDS 19 CHILD NUTRITION PROGRAM DAILY DEPOSITS 19 RETURNED CHECKS 20 SCHOOL INCOME 21 STUDENT FEES 22 DONATIONS AND VOLUNTARY CONTRIBUTIONS 23 FUNDRAISERS 24 COMMISSIONS AND VENDING 26 CONCESSIONS 27 ADMISSION/TICKET SALES 29 TRANSFERS 31 BETWEEN ACTIVITIES 32 BETWEEN LOCAL SCHOOL AND ACCOUNTING OFFICE 32 JOURNAL ENTRIES 34 JOURNAL ENTRIES 35 PURCHASES 36 REQUISITIONS AND PURCHASE ORDERS 37 BID LAW 38 EXPENDITURES 39 CHECK PROCEDURES 40 CHECKS ISSUED TO ACCOUNTING OFFICE 40 INVOICES 41 PURCHASING CARD PROGRAM 42 GENERAL GUIDELINES AND PROCEDURES FOR CARD USAGE 43 RECORD KEEPING AND RECONCILIATION 46 MONTH END CLOSE 47 MONTH END CLOSE 48 YEAR END CLOSE 49 CALENDAR YEAR END 50 FISCAL YEAR END 50 FIXED ASSETS 51 OBJECTIVES OF THE FIXED ASSET POLICY 52 DEFINITIONS 52 PROCEDURES 53 PAYROLL 57 EMPLOYEE COMPENSATION 58 SALARY ADMINISTRATION 58 MINIMUM WAGE AND OVERTIME...
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