Shenandoah County Public Schools’ Post

𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐢𝐧 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐨𝐟 𝐁𝐨𝐨𝐤𝐬 𝐆𝐚𝐭𝐡𝐞𝐫 & 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐞 One of the important steps in the month-end closing process. It involves collecting and double-checking the 3 key financial areas: 3/3 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 - the stock of goods you have on hand for sale. Count on hand inventory and compare it with your inventory  records to identify any discrepancies and understand why there are discrepancies in the first place By reconciling these accounts, it will ensure that financial records accurately reflect your company's financial health. Need a PH CPA/BOA registered / Bookkeeper / CFO? Let's talk, schedule a call today and let's grow together 👇👇👇 #MonthlyClose #AccountingLife #FinancialHealth #inventory

Tax season is upon us. Hiring a professional accountant or bookkeeper to make sure your books are in order is at the top of the to do list. But how do you know if the person your speaking with has the right qualifications? Some basic questions to ask a potential accounting professional: 1. Do you understand Balance Sheet Items vs Profit & Loss items? 2. Did you just take a training course in Quick Books or are you also an accountant? 3. What accounting firms or positions have you interned at or worked for in the past? 4. At what dollar amount is it standard to capitalize a transaction versus expensing the transaction? 5. How would you account for a gain on the sale of an asset? 6. If a business is purchased, how do you account for Good will and on which report will this purchase show up on? 7. When running payroll, what is the difference between FICA and FUTA? 8. What is your experience with Sales Tax? 9. What is the difference between COGS & an Expense? 9. If a person pays for a personal expense on their credit card, how do you account for the reimbursement on the books.

Give your SMB added knowledge, experience, and expertise by adding a FRACTIONAL Bookkeeper, Senior Accountant, Controller, or CFO….or an entire financial team. It’s far more affordable than you can imagine, and think of the HUGE upside! 10 minute call to get the info. #smb #smallbusinessowner #smallbusiness #growingbusiness

Accounting experience typically involves working in various roles within the accounting field, such as bookkeeping, financial analysis, auditing, or tax preparation. It's gained through practical hands-on work, often in different industries or organizations, and may include tasks like reconciling accounts, preparing financial statements, analyzing financial data, or advising on tax strategies. Building a solid accounting experience usually requires a combination of education, training, and on-the-job experience.

Which finance and accounting roles are likely to be in high demand in the year ahead — and what do these jobs entail? Get details in this post.

"I’m excited to announce that I’ve officially completed my #TALLY COURSE! 🎉 Who knew accounting could be this exciting? I’ve gained valuable insights into financial reporting and inventory management definitely not the stuff of boring spreadsheets! Highlights from My Tally Course Completion: Key Skills and Practical Applications:- 1. Gained a comprehensive understanding of Tally software, enhancing my accounting and financial management skills. 2.Learned to efficiently manage financial records, including data entry, accounts payable/receivable, and reconciliation. 3.Developed expertise in generating detailed financial reports, such as balance sheets, profit and loss statements, and cash flow statements. 4.Mastered the application of GST and other tax configurations within Tally, improving my knowledge of compliance practices. 5.Strengthened my understanding of inventory management and tracking, supporting accurate stock and expense monitoring. 6.Enhanced my problem-solving abilities by troubleshooting common errors and implementing Tally's features effectively. 7.Built practical skills for real-world applications, preparing me for accounting tasks in professional settings. Looking forward to applying these skills in the real world and navigating the thrilling landscape of finance. Grateful for the learning experience and excited for what comes next!"🍂 #TallyCertified #AccountingSkills #FinancialManagement #GSTFiling #PayrollProcessing #LedgerManagement #InventoryControl #FinanceProfessional #SkillDevelopment #CareerGrowth #BusinessTools

While technical expertise is the foundation of accounting, today’s professionals must also excel in essential soft skills like client interaction, relationship building, and effective communication. BLS reports a bright future for the accounting field, with employment projected to grow by 6% from 2023 to 2033—outpacing the average for all occupations. Managing budgets or tackling year-end collections? Discover how we can support your financial goals: https://bit.ly/4hDz2dA #work4BGSF #softskills #yearend #careers #business #accountant #finance #tax #bookkeeping #taxes #numbercrunching #leadership #gratitude #thankanaccountant

Whether you’re looking to enter the finance and accounting profession or take your career to the next level, it may be an ideal time to make your move. Which finance and accounting roles are likely to be in high demand in the year ahead — and what do these jobs entail? Get details in this post.

Whether you’re looking to enter the finance and accounting profession or take your career to the next level, it may be an ideal time to make your move. Which finance and accounting roles are likely to be in high demand in the year ahead — and what do these jobs entail? Get details in this post.

Whether you’re looking to enter the finance and accounting profession or take your career to the next level, it may be an ideal time to make your move. Which finance and accounting roles are likely to be in high demand in the year ahead — and what do these jobs entail? Get details in this post.