e-mail address: info@cosbookkeeping.co.uk

Phone number 0161 850 3355

Office Phone 0161 850 3355

DEFENDER
  • Home
  • COS Services
    • Bookkeeping
    • Payroll
    • Pricing
    • Software
      • Xero
        • Xero Training
      • Quickbooks Online
        • QuickBooks Online Training
      • Sage
      • Third-party apps/partnerships
    • Accounts Software Training
      • Xero Training
      • QuickBooks Online Training
    • Bookkeeping Training
  • COS Membership
  • About COS
    • The COS Blog
    • Testimonials
    • The COS Team
    • FAQ
    • COVID Business Guidelines
    • Privacy Policy
  • Events
    • Webinars
  • Contact COS
  • Members’ Area
    • Log In

Feb 25 / Posted by Rebekah Vanden

No Comments

Things you need to consider if you want to become a Bookkeeper

bookkeeper-career

Not all qualifications are created equal

Bookkeepers often share experiences and feedback with us about qualifications they have taken. We have discovered that some feel their qualifications have been disappointing as though essential parts of their training were missed out. This has led them to feel unprepared for the working world.  Anti-money laundering (discussed further down) is often a subject that is virtually overlooked but is of huge importance. With the rise of online courses, it’s also hard to tell which are genuine, delivered by qualified experts, and which are poor quality or potential scams.

Before you consider studying for any sort of bookkeeping qualification do some research. Ask other bookkeepers (and feel free to ask us too) what their experiences have been. Our members and employees have completed their exams with a range of companies.

Experience is essential

Qualifications are all well and good for basic knowledge, but they do not offer much in the way of practical experience. They also tend not to cover software and these days bookkeeping is all about the software. We have many bookkeepers reach out to us because they start a job and feel lost because they have not been shown how to apply that knowledge in a working environment. 

This is one of the things our membership can provide: work experience. We help to give bookkeepers the essentials they need to feel confident and able to perform what is expected of them.

Get stuck into software – early!

You are far more likely to be chosen for a role if you have software experience. Often these days firms specifically ask for a “Xero bookkeeper” or “Quickbooks Expert” etc. They often need a candidate who at least has the basic knowledge of the package they are using.

Do not wait until you have finished your studies to start using these systems. Many accountancy packages offer free trials, so get stuck in. If you are proactive and start to use them at an early stage, you could potentially end up with part time work alongside your studies which will help you gain valuable experience. Even if that part time work is unpaid, it is a start.

Anti-Money Laundering Regulations

This is particularly important if you are self-employed. All bookkeepers must, by law, be governed for anti-money laundering supervision by an awarding body. You can be governed by a number of organisations; these include but are not limited to:

  • HMRC
  • ICB
  • CIMA
  • ACA

We are ICB qualified and governed by them too. Many companies will only allow you to be governed by them if you have gained your qualifications with them.

HMRC are the alternative. You do not need any prior qualifications to be governed by them.

Anti-money laundering supervision comes at a cost and that cost is not cheap. If you are considering working part-time on a self-employed basis you need to realistically look at the costs and if it’s financially worth it. If you work for a bookkeeping firm, you will be covered under their certification and so there is no cost to you personally and you don’t need to be supervised if you are an employee.

Next comes the actual processes and paperwork involved that must be done before you can work for a new client. This is simply not a topic that can be summed up in an article like this one. It requires training and commitment to create processes that suit the requirements of your governing body.

We have helped and guided a number of our members with this often-infuriating topic. We cannot tell you the exact requirements for every governing body, but we can point you in the right direction.

Do you want to know more?

Our COS Membership is there to support bookkeepers and accountants on their journey. We are here to answer your questions, and to help you grow your skills and career prospects. Click here to organise a free video meeting with our Managing Director Karen to discuss how membership could support you.

Tags: bookkeeper,bookkeepers,bookkeeping,Bookkeeping Training,COS Members,cos membership

Categories: Blog, Bookkeeping, COS Membership

Comments

Leave a reply

Cancel reply

You must be logged in to post a comment.

Member Menu

NEWS

  • recent post cover

    Spring 2021 Newsletter – BeCOS ...

    Apr 12 / Posted by Rebekah Vanden

  • recent post cover

    Things you need to consider if you want to ...

    Feb 25 / Posted by Rebekah Vanden

  • recent post cover

    BeCOS Bookkeeping Matters – Winter 2020 ...

    Dec 10 / Posted by Rebekah Vanden

Testimonials

cheadle-glass-logo

You [Karen] have been our safe pair of hands and we’ve both very much appreciated your guidance.

Pat and Keith Flowers Owners of Cheadle Glass

Our Twitter Feed

Tweets by COSBookkeeping

© 2017 COS Bookkeeping. All Rights Reserved

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

COS Bookkeeping
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. If you don't them stored for the next time you visit, you have the option to delete this on your computer, via the browser.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Members' Mojo is connected to this site but we are not responsible for those cookies. Please contact members' mojo to find out more about the cookies they store.

Please enable Strictly Necessary Cookies first so that we can save your preferences!

Cookie Policy

More information about our Cookie Policy