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Keeping the books in business training

May 25th, 2010 by Emily

Bookkeeping is a traditional business skill that remains sought-after by employers to this day. As we've seen in the news recently, there are quite a few business leaders and bank chiefs who seem to have forgotten how to count their pennies - that's not excuse for the rest of us to fall behind!

Bookkeeping is, simply put, the recording of financial transactions. Unfortunately most of us aren't as financially literate as we'd like to be, so even the phrase "financial transactions" is a mystery to us. It means sales, purchases, income and payments, either by an individual or a company. This is key, because it means that bookkeeping is an essential skill for anybody running a household, or their own finances, and not just people who work in finance departments of companies.

Bookkeeping should not be confused with accounting, as the two are separate skills. Bookkeepers keep track of day-to-day activity - they record what's going in and going out as it happens.

If you're feeling a bit fuzzy financially, then getting some bookkeeping training can help you to budget. You'll understand how you're spending your money, what you're spending it on, and what money you have coming in. When you understand that, you can take steps to rectify any waste or errors and start to build up your finances.

First Tutors: Business lists plenty of quality bookkeeping tutors across the UK. Why not search our site for one near you?

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