Can any ICB members confirm if this is correct please.
Last week I upgraded from student to AICB - cost me £60 or whatever. Now I've passed my computer level to I have to pay another £85 to upgrade to AICB CB.Cert.
I thought I'd have to pay £15 to add the CB.Cert letters but it looks like I've got this wrong.
Assuming it is correct, and I passed Level 3 within the next 12 months, I'll have to pay to upgrade to MICB but do I then have to pay again to upgrade to MICB CB.Dip? If so - how much will that cost?
I appreciate that if I took / passed the payroll exam I pay £15 for the payroll letters.
Thanks in advance!
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Tony
Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
The views expressed in this post are my own personal (HRA protected) views, and are not representative of any organisation I have any involvement with.
Definately give them a ring (were you checking in your MY ICB to renew?). I upgraded every time I passed to the next level, and I always had an option to pay either a pro rata amount, or pay full amount and extend the expiry date for more than a year.
hi tony,yep youre right, expensive business eh! I rang them today as Ive just got my level 2 manual, im studying level 2 comp and should finish it by christmas. The person i spoke to explained that once i finish my comp level 2 i would have to apply again for the next membership level, each time its about £50-80. I think i may well wait and pay just the once when Ive completed both. seems a bit of a money spinner to me, would be nice to be able to pay just for an 'upgrade' !
Definately give them a ring (were you checking in your MY ICB to renew?).
Bill, yep I was trying through My Icb and didn't get the same options
Fiona, I read your post on the other thread but didn't want to reply there 'cause you where asking a different question.
If it's the case I don't get this either. From my understanding AICB's need both level 2's to retain membership from next year. So - what happens to the "old" CB. Cert because it will be a given anyway?
If I've got that right then perhaps the designatory letters will be superceeded in less than 12month.
I'm not really complaining, more thinking out loud or have I got the last bit wrong.
-- Edited by ADAS on Thursday 16th of September 2010 07:24:05 PM
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Tony
Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
See background on my separate post yesterday re best text books for L3 Manual Diploma.
ICB just told me each time you u/g they charge full fee but add 12 months to expiry of your membership. Paying difference pro rata wasn't offered as an option. If you intend taking exams in fairly quick succession, you can make multi-step upgrades, even from Student to full member.
Situation does seem messy at moment while ICB align manual and computerised quals, by Sep 2011 you will need both, but the L2 comp exam is not difficult if you have had any exposure to a computerised bk s/w product, eg, Sage. Also you have up to 2 weeks to work on it at home or at work at your own pace, jut produce required reports and post them off.
If, like me, you don't have access to a comp bk s/ware via employment or whatever, one option is to buy one or more of Sage's Workbook self-training kits. Costs £145 for each of 3 Stages but you only need buy one Stage to get 180 day licence on Sage 50 Accounts Professional, a slightly reduced functionality version that is fine for the ICB L2 comp exam (when I do L3 comp soon I'll confirm is ok for that too). Added benefit is cost includes one attempt at Sage's online exam for the Stage, when you pass that (not too hard) and receive their certificate valid for 2 years, can call yourself "Sage Certified" on bus cards, advertising etc.
I bought all 3 Stages for bundle price £265, this gives me 1.5 years s/w licence in total. Current cost for all 3 is £310 but look out for special offers on Sage's website. I've already passed Stage 1 exam and am working towards Stages 2 and 3 alongside doing ICB exams.
I appreciate is expensive option but just to buy full Sage licence costs over £1k+VAT. I'm sure there are other options too (Quick Books, etc) that are probably cheaper and jsut as good?
Good point Tony. I spoke to Sage about this a few weeks back, big savings on multi-user licence cost coupled with unlimited s/w upgrades and full support package. An option I'll think about once I get up and running and if there is enough demand from clients to warrant me shelling out on their behalf.
If you or anyone is considering Sage Bookkeepers. I'd bear in mind Sage's upgrade path in terms of companies which gets pretty steep pretty quickly and it's not advertised as far as I know.
You have to upgrade from:
5 - 10 11 - 25 26 - ?? ([possibly 99 but could be wrong) 100 - unlimited.
So effectively you only get 3 upgrades before you have to buy unlimited. Although I really like Sage, it's one of the reasons that would make me consider upgrading, assuming my client base was big enough, but it didn't take too long to reach 25.
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Tony
Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
Thanks for the warning Tony, this whole area is a bit of a minefield for the inexperienced, like me.
I started looking at Sage because a job was advertised locally for a part-time employed bookkeeper with knowledge of Sage Accounts 50. I applied but didn't get it because they needed someone who could "hit the ground running" as previous person had already left. Stung by that I got straight on with Sage Workbooks self-tuition.
Once I do get my practice licence etc, and have completed my Sage training (therefore will have that all-important self-confidence) I intend to write to the company again and offer to cover for their newly recruited employee bookkeeper during sickness/holidays etc on a self-employed hourly rate basis. I think they will appreciate that and I might get a foot in the door that way.
I doubt now (especially in view of what you say about escalation) I will be doing clients' books using Sage licences I have paid for. I expect I would have to charge them a share of the licence cost up front, or recouperate via a higher hourly rate, which wouldn't go down well. Hopefully they will either have Sage or can be persuaded to buy it themselves (eg if they have a complex business and/or do a lot of business on credit). Sage did say that if I joint their Bookkeeper Club, they offer big discount on licences sold through me to my clients, which is something, I suppose.
Answering my own question here, but it may help others.
Just spoke to ICB and the website is misleading, to upgrade from AICB to AICB CB.Cert only cost me £28.50 not £80 per the website, which is better. So I'd ignore My ICB and give them a call.
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Tony
Responses are intended as outline only. Formal advice should be sort from your Institutes Technical Department or a suitably qualified Accountant.
Regarding the Sage workbooks - If anyone is itnerested am selling the 3 stage bundle for for £ 230 - this INCLUDES the sage online exam (Sage discount price at present is £260 however this is only through September and I they are back to RRP £310 in October)
Additionally I offer an email support service while you study for £25 (+ VAT)per level which includes access to sage test questions.
Please let me know if any use to you - or spread the word. kind regards Donna Sage Accredited Accountant Partner sagesales@completebookkeeping.co.uk
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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900
Great you are prepared to pass on some discount form Sage, looks like you are undercutting the field! I'm getting on with Sage 50 Accounts Stage 3 now (sat Stage 2 exam on my pc at home yesterday and reckon I passed it ok). I'll be in touch if need your support
Do you also offer discounted s/w licences. I'm not sure about best way to go with Sage, they suggest joining their bookkeepers club and buying multi-user licences, but I am wary of buying more than I need as cost soon ramps up. With my training version of Sage 50 Acounts Pro it seems I can save as many sets of accounts as I like (using data rebuild, backup and restore), also share common elements (eg saved chart of accounts). So couldn't I use my single licence to support any number of clients? Isn't a multi-user licence for companies employing several people working concurrently onthe accounting system?
Sage just rang me chasing up my interest in their Bookkeepers Club. I asked the guy the same question and he confirmed that, whilst it is physically possible to use one licence for multiple businesses, it is in breach of the licence.
He also said they have ways of catching offenders out through info sent back to them by the software. All sounds a bit sinister, but it is definitely not something to try to get away with, I certainly won't be tempted
PhilMcTankup wrote:He also said they have ways of catching offenders out through info sent back to them by the software. All sounds a bit sinister, but it is definitely not something to try to get away with, I certainly won't be tempted
That would only be possible if you connected to their website from the software I would have thought.