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Post Info TOPIC: Bookkeepers use Cash basis ,Accountants use Accural basis
Grace2015


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Bookkeepers use Cash basis ,Accountants use Accural basis
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Hi

I have read a Book regarding Bookkeeping & Accounting. It says that Bookkeepers use Cash Basis and Accountants use Accrual basis. 

  

        seems to me that it is not quite right.

 

       what is your oppinion regarding this?

 

        Kind regards



-- Edited by Grace2015 on Monday 4th of January 2016 01:12:51 AM



-- Edited by Grace2015 on Monday 4th of January 2016 01:23:31 AM

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Grace
Shamus


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Buy a better book wink



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Shaun

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VinceH


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As Shaun said, you need to get a better book - so take this one back to the shop and point out you were looking for non-fiction.

Though, personally, I never knew there was a "Bookkeeping and Accounting" genre in fiction. I bet there are some truly gripping novels out there.

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Vince M Hudd - Soft Rock Software

(I only came here looking for fellow apiarists...)
Shamus


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Hi Vince,

you'll find it filed under Enron. biggrin



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Shaun

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Cheshire


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Lol. You boys have cheered me up this morning before I get to the madhouse!

I think its a book written by accountants who hates bookkeepers

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Grace2015


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Hi All

Thanks for your reply.

Please can you recommend a good book for bookkeeping .


Best regards




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Grace
Cheshire


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Hi Grace
I thought you were doing CIMA - does your training provider not produce good information? Who are you training with?

There was a post on here recently which listed some excellent books - have a look at this one www.book-keepers.org.uk/t61387866/bank-reconciliation-layout-start-with-cashbook-balance-and-f/

 

Edited for improper use of lower case in Grace's name!  



-- Edited by Cheshire on Monday 4th of January 2016 11:45:23 PM

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Grace2015


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Cheshire wrote:

Hi Grace
I thought you were doing CIMA - does your training provider not produce good information? Who are you training with?

There was a post on here recently which listed some excellent books - have a look at this one www.book-keepers.org.uk/t61387866/bank-reconciliation-layout-start-with-cashbook-balance-and-f/

 

Edited for improper use of lower case in Grace's name!  



-- Edited by Cheshire on Monday 4th of January 2016 11:45:23 PM

 Hi Cheshire

I am traininng with Kaplan.  thanks for the link and very helpful.

 

kind regards



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Grace
Cheshire


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They usually provide some really good training notes and text books, although the odd question has the complete wrong answer - not sure if its to test you or if they just have rubbish proof readers. Often when you login to 'My Kaplan' they provide a list of amendments for the text books, if you log your text book on the system - then you can go through and manually amend it, although it is down to someone reporting the errors so it still doesnt catch all of them!

How far are you with the CIMA studies?

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
Grace2015


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Hi Cheshire

I have just finished Operational Level and got long way to go.

Thank you so much to help me with those questions.

Best regards


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Grace
YLB-HO


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Hi everyone it has been a while since I have been by. I'm taking a break from doing a VAT & ECSL VAT return listing to the rain....

The IAB sell really good books in the shop on their website on Book-keeping, and Accounting too. They only have 7 on offer, but most people will not need all of them.

 

They also have a amazon store if you want a electronic version.



-- Edited by YLB-HO on Friday 8th of January 2016 03:59:18 PM

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Frauke
BKN Book-keeper of the year 2011
Lady of Ledger


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I wonder if the writer thinks that bookkeepers only use Online accounting packages, and only process direct from bank feeds instead of from paperwork?

A really good book for bookkeeping is Book-Keeping and Accounts by Frank Wood and Sheila Robinson. Not cheap - and last one I think was published in 2013 because Frank Wood died, but it explains all elements of bookkeeping in easy steps and very informative chapters. 

Carol



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Carol Saunders
Lady of Ledger Book Keeping
Telford, Shropshire
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