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  • Famous Movie Accountants | Learn With Woodgrove Tutorials
    accountants in the movies Plenty of professions get their moment on the big screen at some point but it s fair to say that accountant characters are a particular favourite in the film industry Here are a few of our favourites Louis Tully Ghostbusters So close to Halloween we simply had to mention Louis Tully from Ghostbusters Sadly the character of Louis plays right into the hands of the nerdy accountant stereotype but hey he still gets the girl even if it takes the small matter of a demonic possession to do so Rick Moranis who plays Tully on screen also returns to fly the accounting flag in the 1989 sequel where he goes on to save the world or at least helps to sort of Good for him Andy Dufresne The Shawshank Redemption Probably one of the most acclaimed films in existence The Shawshank Redemption stars Tim Robbins character Andy Dufresne Quick witted and resourceful Dufresne s accounting expertise does wonders for worming his way into the good books of his prison warden An honest man until he landed himself in prison we wouldn t advocate following Dufresne s dubious path but this film definitely shows just how useful a good set of accounting skills can be Leo Bloom The Producers What is it about dodgy accountants in the movies eh Gene Wilder plays accounting supremo Leo Bloom in the 1968 film The Producers and he s soon assisting Broadway producer Max Bialystock to pocket the money from a play that mysteriously flops on the opening night As you might expect the idea falls through but for a while this unscrupulous accountant looked as if he d made it big time Bloom appears again in the 2005 movie remake too this time played by Matthew Broderick Whilst we wouldn

    Original URL path: http://www.woodgrove-tutorials.co.uk/famous-movie-accountants/ (2016-02-13)
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  • Common Bookkeeping Mistakes | Learn With Woodgrove Tutorials
    businesses make and how to avoid them Time management We can all admit to putting things off every now and again and leaving things til the last minute However when it comes to bookkeeping this can be a costly mistake to make and you ll soon find you workload beginning to pile up Poor record keeping When it comes to good bookkeeping organisation is key One of the most common bookkeeping mistakes committed by businesses is poor record keeping For example whilst it can be easy to misplace or neglect the odd receipt or small expense which at the time may appear insignificant it s essential that businesses maintain accurate records especially for tax purposes Indeed it s important you have evidence in support of all items you ve listed as business expenses Accuracy Accuracy is also essential for good bookkeeping Everyone makes mistakes now and again as it s the very nature of human error However making errors for example when entering data could potentially cause you significant problems further down the line That s why it s important to check and double check and triple check every entry you make Not creating separate accounts A common trap many small businesses fall into is not creating separate accounts for their business and personal finances This can create a number of issues For example you could potentially face a fine from HMRC if you put through personal expenses as business expenses On the other hand you could also miss out on tax relief from tax deductible business expenses This has the potential to make things more time consuming especially when it come to filing your tax returns as you ll need to separate your business and personal expenses Bookkeeping needn t be complicated as long as you re in possession

    Original URL path: http://www.woodgrove-tutorials.co.uk/common-bookkeeping-mistakes/ (2016-02-13)
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  • How to Become a Bookkeeper | Learn With Woodgrove Tutorials
    is required by law to keep a record of their financial transactions through the act of keeping book These recorded transactions often include sales purchases receipts outgoings and various other payments made by the business or an individual within it What do they do A bookkeeper s main role within an organisation is to gather and record all financial transactions of a business detailing the in coming and out going expenses of the company Other tasks involved with the role include Receiving and processing invoices for payment Calculating profit and loss accounts Estimating revenue and expenditures Processing payroll Managing ledgers and making sure the books balance Is it for me Bookkeeping is a difficult yet highly rewarding qualification to possess and having a strong understanding of numbers is one of the key requirements for any bookkeeping position You ll need to have excellent concentration skills and the ability to work towards both small and large plans meeting strict deadlines Other key skills and attributes include Highly computer literate An organised and methodical approach to completing tasks A strong attention to detail Exceptional communication skills Honesty and discretion What s the career progression Bookkeeping can lead you onto many career pathways within a current or future position and can offer various employment opportunities to better your career and inevitably allow you to earn more money Most bookkeepers will start on an estimated salary of 20k which can progress to an average of 25k Other career options involve Accountant where you can earn up to 35k and a Management Accountant which can involve earnings of up to 50k How do I get started If you think bookkeeping is for you and you possess the above attributes here at Woodgrove Tutorials we re an IAB Award Winning College offering a range of bookkeeping

    Original URL path: http://www.woodgrove-tutorials.co.uk/how-to-become-a-bookkeeper/ (2016-02-13)
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  • The Advantages of Distance Learning | Learn With Woodgrove Tutorials
    to sell distance learning short as it brings a number of important advantages to the table Flexibility Distance learning only requires that you have a computer and an internet connection so it is incredibly flexible You can work whenever you want wherever you want and however you want On top of this it also allows you to work at your own pace and you can easily fit distance learning around other commitments Affordability Distance learning cuts many costs that you may have overlooked A physical learning course requires you to attend a training facility and this means that you frequently have to spend time commuting This in itself is expensive Of course you also don t have to worry about things like meal plans either For the most part the actual price of distance learning is reduced as well Saves Time Commuting has a lot to answer for in terms of wasting your time By negating the need to commute distance learning doesn t only save costs it also saves time Additionally it lets you squeeze in small study periods whenever you like so you can easily plan your time to be as productive as possible Assignments can also be handed in at the click of a button or using the postal service and all these small things add up to form a major time saver 24 7 Access When you take a conventional training course you ll normally find that certain aspects of this study can only be carried out on the actual premises With distance learning though you ll have constant access to all of your course material and communication with highly experienced teachers and even fellow students is always at your fingertips As you can see there are many good reasons to consider a distance learning course

    Original URL path: http://www.woodgrove-tutorials.co.uk/the-advantages-of-distance-learning/ (2016-02-13)
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  • Best Practice Bookkeeping | Learn With Woodgrove Tutorials
    mind Record Everything Bookkeeping is fundamentally the amassing of relevant records and this practice will only work if your records are consistently maintained Everything needs to be duly noted on a daily basis Keep Numeric Order Records and receipts are always more useful when they are in numeric order This will help you to close all unreported gaps and make it far easier to check up on any important details Due Date Reminders Everyone forgets things so remind yourself about all upcoming payments Prompt payments are one of the secrets to good bookkeeping and being up to date will avoid any late fees as well Remember to Budget One of the best things about bookkeeping is that it allows you to budget which enables you to be in control of your finances Don t neglect to budget for your expenses and keep track of all progress Proof of Transactions Part of your records should include being able to provide proof of any transactions That means keeping receipts bills and the like You never know when you might need them Secure Your Records Keep all of your bookkeeping data whether it is physical or digital in a secure place The loss of any documentation will nullify even the most comprehensive of records Implement Safeguards Accidents happen so safeguard wherever possible This might mean keeping records in numerous locations or perhaps taking physical inventory counts if necessary You can never be too careful Remember Your Petty Cash Don t just expect your petty cash and small change to organise itself Implement a system to help things along and then instruct everyone about how things work You ll find it much easier that way Of course getting to grips with bookkeeping is far easier if you learn from a professionally qualified teacher and

    Original URL path: http://www.woodgrove-tutorials.co.uk/best-practice-bookkeeping/ (2016-02-13)
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  • Why is Bookkeeping Important to Businesses? | Learn With Woodgrove Tutorials
    are a few of the best reasons to consider taking some bookkeeping courses Effective Financial Management Cash flow is important in any business environment and things like delayed invoices can soon begin to be a problem Efficient bookkeeping can ensure that you always have prompt follow ups or invoices and payments for suppliers and the like will always be on time No business will prosper with inefficient financial management and bookkeeping will certainly help in that respect Pinpointing Success or Failure When you keep detailed bookkeeping records you are naturally exposing yourself to a system that can be readily used to monitor the success or failure of individual business areas Incidentally this is perhaps one good reason why you shouldn t just outsource all of your bookkeeping to an accountant you ll be far more in the loop if you take a personal interest yourself Tax and Legal Compliance Requirements like tax returns or the need to convey information about bills and expenses can sometimes leave us floundering but if your bookkeeping is in good order you ll never have a situation where you won t know where to go Records are also required by law during processes like audits and bookkeeping means that retrieving such documents will be far easier Better Business Planning Business planning and expansion is much easier if you re fully up to date with your finances If your venture isn t financially stable then you will be limited in what you can plan in terms of expansion but you will certainly appreciate knowing about this in order to improve proceedings Similarly you may be missing an opportunity for growth if your bookkeeping is slack It s helpful in either situation The above list is by no means a comprehensive analysis of the virtues of bookkeeping

    Original URL path: http://www.woodgrove-tutorials.co.uk/why-is-bookkeeping-important-to-businesses/ (2016-02-13)
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web-archive-uk.com, 2016-10-25