Get The Bookkeeping Practice You Have Been Looking For!
Are you a student who is struggling with how to learn accounting? If you are, you most likely know very well that there’s a huge difference between learning from a textbook and actual real world accounting.
Many beginner bookkeepers struggle with their self-confidence when it comes time to find a job in their field. This is due to the way most accounting courses are structured. Typically, the student works their way through a course and only tackles each topic individually, rather than learning in a more linear fashion. This means starting a set of books from scratch and dealing with every aspect of accounting that typical bookkeepers encounter as they work on a company’s files. In other words, “doing” versus “learning”.
So what are the benefits to the student when learning accounting this way?
- You get to discover all the “tricks” that most textbooks don’t explain. For example, what you need to do when you are missing some paperwork.
- You get to see the “big picture”. Typically, it makes more sense if one can see what they are doing step-by-step rather than just doing smaller portions of bookkeeping. For example, you’ll notice any glaring discrepancies on the financial statements much faster if you have actually posted all the transactions yourself.
- You can improve rusty skills and learn accounting. If you have not done any bookkeeping for a very long time and need to polish your skills in order to gain enough confidence to apply for a bookkeeping job, then being able to practice becomes critical to your success.
- You get to feel like you are doing real-world work rather than just make believe bookkeeping. This helps give you the confidence to take on actual bookkeeping work sooner rather than having to struggle at a new job (and potentially embarrassing yourself).
- You can expand your range of bookkeeping skills. If you only have experience with certain areas of accounting (for example, Accounts Receivable) you can practice doing a set of books from start to finish to get the experience you need before applying for positions as a full-charge bookkeeper.
- You get to practice on different types of companies. Since individual businesses have specific accounting requirements, you’ll want to make sure you understand what needs to be done. For example, corporations require you to post to a Shareholders account while a proprietorship has an Owner’s Drawing account.
Unfortunately, most accounting programs don’t have sufficient sample companies available which makes it difficult to fully practice your skills in accounting through typical college courses.
Ask yourself…Do you want to start your own bookkeeping business but are unsure how to do the monthly bookkeeping for smaller clients? Which, by the way, bookkeeping for smaller clients is much simpler than for larger companies since these companies usually handle their own bill payments and deposits.
So if you truly want to know how to learn accounting, you can now practice by using four sample companies that have been created for you. You’ll learn how to handle a set of books from start to finish using real world business scenarios. Developed by a bookkeeper with over 20 years of experience.
Check it out here!