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How I Landed My First Client: Key Lessons for Freelancers & New Business Owners
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In this video, I share the journey of securing my very first client and the key lessons that shaped my path to success. 🚀 Whether you're a freelancer, a budding business owner, or in the early stages of building your accounting practice, landing your first client can be both exciting and challenging. I'll guide you through the strategies, mistakes, and insights that helped me break through, providing you with the tools to confidently land your own clients and grow your practice.
#firstclient#freelancejourney#accountingpractice#businessgrowth#clientacquisition#freelancersuccess#newbusinessowner#entrepreneurmindset#buildingyourbusiness#startupsuccess#smallbusinessgrowth#freelancehustle#successmindset#Youtube
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The Essentials of Financial Reporting Services in the USA
Explore the critical components of financial reporting services in the USA with this comprehensive guide. Discover key regulations, best practices, and innovative solutions that ensure compliance and enhance transparency for businesses. Whether you're a startup or an established enterprise, understanding these essentials will empower you to make informed financial decisions and drive growth.
Read more at: https://www.startupfino.com/services/financial-reporting-services-in-the-usa
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How Chartered Accountants Can Grow Their Business and Income ? || Episode No-28 || Mutual Globe
portfoliomanagement #CharteredAccountant #GrowYourBusiness #FinancialSuccess #BusinessGrowthTips #AccountingPractice #IncreaseYourIncome #RevenueGrowth #ProfitabilityTips #IncomeBoost #CAPractice #AccountingTools #SmartAccountants
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https://virtualworldaccountingsolutions.com/
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Here we discusses a set of such principles from the field of accounting to help real estate investors keep track of their deals without losing track of their business in the process.Read More: https://www.outsourcinghubindia.com/accounting-real-estate-investors/?utm_source=tumblr&utm_medium=Infographic&utm_campaign=post
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#ecomerce#accounting#Ecommerceaccounting#accountingpractices#cashflow#businesscapital#businessaccounting#opengrowth
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Accounting Services in Pasig
Uy, Nicolasora and Associates (UNA) is offering accounting services in Pasig, and was set up only last May 2011 by two dedicated CPAs who both had a wealth of private and public accountingpractice to back them up. We started in a small home-office, with only two full time accounting staffs.
#Accounting Services in Pasig#auditing firms in the philippines#Tax and accounting services#Management and consultancy services#business consulting firms
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SEO Keyword Tips to Boost Your Firm's Google...
SEO Keyword Tips to Boost Your Firm's Google Ranking #google #seo #digital
SEO Keyword Tips to Boost Your Firm's Google...
Get the four steps and formula you need to gain traction on this major search engine. View the tips now. http://ow.ly/k9F050AXLQL #SEO #AccountingPractice #SEOTips
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Chapter 1: Fundamentals of AccountingPractice ExercisesChapter 2: Journalising and Posting of Transaction Practice ExercisesChapter 3: Maintaining Chart of Accounts in Tally.ERP 9 3.1 Introduction3.1.1 Getting Started with Tally.ERP 9Practice ExercisesChapter 4: Fundamentals of Inventory ManagementPractice ExerciseChapter 5: Stock Keeping UnitsPractice ExercisesChapter 6: Recording Day to Day TransactionsPractise ExercisesChapter 7: Accounts Receivable and Payable ManagementPractice ExercisesChapter 8: BankingChapter 9: Allocation and Tracking of Expenses and IncomesPractice ExercisesChapter 10: MIS ReportsPractise ExercisesChapter 11 Storage and Classification of InventoryShortcut KeysChapter 12 Management of Purchase and Sales CyclesPractise ExercisesChapter 13 Price Levels and Price ListsPractice ExercisesChapter 14 Manufacturing ProcessPractice ExercisesChapter 15 Goods and Services TaxPractice ExercisesChapter 17 - Securing Financial InformationChapter 18 Data Management and Financial Year End Process
This advanced level certification from Tally is for candidates aspiring for growth in their careers. Candidates passing the online assessment will earn a verifiable digital certificate from Tally.
TallyPRO will help certified candidate take a significant shift in the career and prepares to handle mid-level positions in an organization.
SYLLABUS
Fundamentals of Accounting
Journalising and Posting of Transaction
Maintaining Chart of Accounts in Tally.ERP 9
Fundamentals of Inventory Management
Stock Keeping Units
Recording Day to Day Transactions
Accounts Receivable and Payable Management
Banking
Allocation and Tracking of Expenses and Incomes
MIS Reports
Storage and Classifications of Inventory
Management of Purchase and Sales Cycles
Price Levels and Price Lists
Manufacturing Process
Goods and Services Tax (GST)
Tax Deducted at Source (TDS)
Securing Financial Information
Data Management and Financial Year End Process
1.1 Introduction
1.2 Accounting Terms
1.3 Accounting Assumptions, Concepts and Principles
1.3.1 Assumptions
1.3.2 Concepts
1.3.3 Principles
1.4 Double Entry System of Accounting
1.5 Types of Accounts
1.6 Golden Rules of Accounting
1.7 Source Documents for Accounting
Key Takeaways
2.1 Introduction
2.2 Recording of Business Transactions
2.2.1 The Accounting Equation
2.2.2 Recording of Transactions in Books of Original Entry/Journal
2.2.2.1 Use of Debit and Credit
2.2.2.2 Rules of Debit and Credit
2.2.2.3 Recording of Business Transactions in Journal
2.3 Ledger
2.3.1 Need for Ledger
2.3.2 Differences between a Journal and a Ledger
2.3.3 Classification of Ledger Accounts
2.3.4 Posting from Journal
2.4 Trial Balance
2.4.1 Methods of Preparation
2.5 Subsidiary Books & Control Accounts
2.5.1 Cash Book
2.5.1.1 Single Column Cash Book
2.5.1.2 Double Column Cash Book
2.5.1.3 Three Column Cash Book
2.5.2 Petty Cash Book
2.5.3 Purchase Book
2.5.4 Purchase Return Book
2.5.5 Sales Book
2.5.6 Sales Return Book
2.5.7 Journal Proper
2.5.8 Control Accounts
2.6 Financial Statements
2.6.1 Trading and Profit & Loss Account
2.6.1.1 Trading Account
2.6.1.2 Profit & Loss Account
2.6.2 Balance Sheet
2.6.2.1 Types of Assets and Liabilities included in Balance Sheet
Key Takeaways
3.1.2 Mouse and Keyboard Conventions
3.2 Company Creation
3.2.1 Shut a Company
3.2.2 Select a Company
3.2.3 Alter a Company
3.3 Company Features and Configurations
3.3.1 Company Features: F11
3.3.2 Configuration: F12
3.4 Chart of Accounts
3.4.1 Ledger
3.4.2 Group
3.5 Ledger Creation
3.5.1 Single Ledger Creation
3.5.2 Multi Ledger Creation
3.5.3 Altering and Display of Ledgers
3.5.3.1 Ledger Alteration
3.5.3.2 Single Ledger Display
3.5.3.3 Multi Ledger Display
3.5.4 Deleting Ledgers
3.6 Group Creation
3.6.1 Single Group Creation
3.6.2 Multiple Group Creation
3.6.3 Altering and Display of Groups
3.6.3.1 Group Alteration
3.6.3.2 Single Group Display
3.6.3.3 Multi Group Display
3.6.4 Deleting Groups
Key Takeaways
Shortcut Keys
4.1 Introduction
4.2 Inventory Management
4.3 Terms Used in Inventory Management
4.4 Inventory Valuation
4.4.1 Different Types of Inventory Valuation
4.5 Inventory Management in Tally.ERP 9
Conclusion
5.1 Introduction
5.2 Inventory Masters in Tally ERP 9
5.3 Creating Inventory Masters
5.3.1 Creation of Stock Group
5.3.2 Creation of Unit of Measure
5.3.3 Creation of Stock Item
5.3.4 Creation of Godown
5.3.5 Defining of Stock Opening Balance in Tally ERP 9
Key Takeaways
Shortcut Keys
6.1 Introduction
6.2 Business Transactions
6.2.1 Source Document or Voucher
6.2.2 Recording Transactions in Tally.ERP 9
6.3 Accounting Vouchers
6.3.1 Receipt Voucher
6.3.2 Contra Voucher
6.3.3 Payment Voucher
6.3.4 Purchase Voucher
6.3.5 Sales Voucher
6.3.6 Debit Note Voucher
6.3.7 Credit Note Voucher
6.3.8 Journal Voucher
6.4 Creation of New Voucher Type
6.5 Automation of Invoices (Voucher Classes)
6.6 Non-Accounting Vouchers
6.6.1 Memorandum Voucher
6.6.2 Optional Vouchers
6.6.3 Reversing Journal
6.7 Recording Provisional Entries
6.8 Recording Inventory Vouchers
6.8.1 Receipt Note Voucher
6.8.2 Delivery Note Voucher
6.8.3 Rejection In Voucher
6.8.4 Rejection Out Voucher
6.8.5 Stock Journal Voucher
6.8.6 Physical Verification of Stocks
Conclusion
Key Takeaways
Shortcut Keys
7.1 Introduction
7.2 Accounts Payable and Receivable
7.3 Maintaining Bill-wise Details
7.4 Activation of Maintaining Bill-wise Details Feature
7.5 New Reference
7.6 Against Reference
7.7 Advance Reference
7.8 On Account
7.9 Credit Limit
7.9.1 Activate Credit Limit
7.9.2 Setting Credit Limits
7.9.3 Exceeding Credit Limits
7.9.4 Exception to Credit Limits
7.10 Payment Performance of Debtors
7.11 Changing the Financial Year in Tally.ERP 9
Conclusion
Key Takeaways
Shortcut Keys
8.1 Introduction
8.2 Banking Payments
8.3 Setting up Banking Features
8.4 Cheque Management
8.4.1 Cheque Printing
8.4.1.1 Single Cheque Printing
8.4.1.2 Multi Cheque Printing
8.4.2 Cheque Register
8.4.2.1 Cancelled Cheque
8.4.2.2 Blank Cheque
8.5 Bank Reconciliation
8.5.1 Manual Bank Reconciliation
8.5.2 Auto Bank Reconciliation
8.6 Deposit Slip
8.6.1 Cash Deposit Slip
8.6.2 Cheque Deposit Slip
8.7 Payment Advice
8.8 Managing of Post-dated Cheques
8.9 Notional Bank
8.10 Post-dated Report
8.11 Handling e-Payments in Tally.ERP 9
8.11.1 e-Payments Report
8.11.2 Exporting e-Payment Transactions from e-Payments Report
8.11.3 Sending Payment Instructions to Bank
8.12 Updating the Bank Details Instantly in Tally.ERP 9
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises
9.1 Introduction
9.2 Cost Centre and Cost Categories
9.2.1 Activation of Cost Category and Cost Centre
9.2.2 Allocation of Expenses and Incomes using Cost Centre
9.2.3 Allocation of Expenses and Incomes using Cost Centre with Cost category
9.2.3.1 Allocation of expenses to multiple cost centres and cost categories
9.3 Automation of Cost Centre and Cost Categories while recording transactions
9.3.1 Cost Centre Classes
9.4 Cost Centre Reports
9.4.1 Category Summary
9.4.2 Cost Centre Break-up
9.4.3 Ledger Break-up
9.4.4 Group Break-up
Conclusion
Key Takeaways
Shortcut Keys
10.1 Introduction
10.2 Advantages of Management Information Systems
10.3 Types of MIS Reports in Tally.ERP 9
10.4 MIS Reports in Tally. ERP 9
10.4.1 Trial Balance
10.4.2 Balance Sheet
10.4.3 Profit and Loss Account
10.4.4 Cash Flow Statement
10.4.5 Funds Flow Statement
10.4.6 Ratio Analysis
10.4.7 Books and Accounting Reports
10.4.7.1 Day Book
10.4.7.2 Receipts and Payments
10.4.7.3 Purchase Register
10.4.7.4 Sales Register
10.4.7.5 Bills Receivable and Bills Payable
10.4.8 Inventory Reports
10.4.8.1 Stock Summary
10.4.8.2 Stock Transfer
10.4.8.3 Movement Analysis
10.4.8.4 Ageing Analysis
Key Takeaways
Shortcut Keys
11.1 Introduction
11.2 Godown Management
11.2.1 Activating Godown
11.2.2 Creating a Godown
11.2.3 Allocation of Stock to Particular Godown while Defining Opening Balance
11.2.4 Recording of Purchase, Sales and Stock Transfers with Godown Details
11.2.4.1 Purchase of Inventory
11.2.4.2 Recording stock transfer entry using stock journal
11.2.4.3 Sale of Inventory
11.2.5 Maintaining Damaged Goods
11.2.6 Analysing Godown Summary and Stock Movement Reports
11.3 Stock Category
11.3.1 Activation of Stock Categories
11.3.2 Creating Stock Categories
11.3.3 Recording of Transactions
11.4 Movements of Goods in Batches/Lots - Batch wise details
11.4.1 Activating Batch-wise Details in Tally.ERP 9
11.4.2 Using Batch-wise Details in Purchase Invoice
11.4.3 Using Batch-wise Details in Sales Invoice
11.4.4 Expired Batch/Stock Transfer
11.4.5 Batch Reports
11.4.5.1 Batch Vouchers Report
11.4.5.2 Batch Summary Report
11.4.5.3 Transfer Analysis report
11.5 Stock Valuation Methods
11.5.1 Configuration of Stock Valuation Method
11.5.2 Different Types of Costing Methods
11.5.3 Recording of Purchase and Sales Transactions
11.5.4 Stock Valuation based on FIFO Perpetual Method
Conclusion
Key Takeaways
12.1 Introduction
12.2 Purchase Order Processing
12.2.1 Activating Order Processing in Tally.ERP 9
12.3 Sales Order Processing
12.4 Viewing Order Details
12.5 Display Columnar Orders & Stock Details
12.6 Sales order outstanding.
12.7 Pre-closure of Order
12.8 Reorder Level
12.9 Display Reorder Status
Conclusion
Key Takeaways
Shortcut Keys
13.0 Introduction
13.1 Activating Price Lists and Defining of Price Levels
13.1.1 Creation of Price List
13.1.2 Using Price List
13.2 Revise Price List
Conclusion
Key Takeaways
Shortcut Keys
14.1 Introduction
14.2 Activating of Bill of Materials
14.3 Auto Listing of Components Using Bill of Materials
14.4 Accounting of Manufacturing Process in Tally.ERP 9
14.6 Transferring of Manufactured Goods from Storehouse to Showroom
14.5 Reports
14.5.1 Stock Journal Register
14.5.2 Transfer Analysis
14.5.3 Cost Estimation
14.5.4 Stock Ageing Analysis
Conclusion
Key Takeaways
Shortcut Keys
15.1 Introduction to GST
15.2 Getting Started with GST (Goods)
15.3 Advance adjustments and Entries (Goods)
15.4 Getting Started with GST (Services)
15.5 Advance adjustments and Entries (Services)
Conclusion
Key Takeaways
Shortcut Keys
Practice ExerciseChapter 16 Tax Deducted at Source (TDS)
16.1 Introduction
16.2 Basic Concepts of TDS
16.3 TDS Process
16.4 TDS in Tally.ERP 9
16.5 Activation of TDS Feature in Tally.ERP 9
16.6 TDS Statutory Masters
16.7 Configuring TDS at Group Level
16.8 Configuring TDS at Ledger Level
16.9 Booking of Expenses in Purchase Voucher
16.10 Recording Transactions
16.10.1 Expenses Partly Subject to TDS
16.10.2 Booking Expenses and Deducting TDS Later
16.10.3 Accounting Multiple Expenses and Deducting TDS Later
16.10.4 Accounting for TDS on Advance Payments against Transport
16.10.5 TDS on Expenses at Lower Rate
16.10.6 TDS on Expenses at Zero Rate
16.10.7 Deducting TDS on Payments
16.10.8 Reversal of Expenses with TDS
16.10.9 Deducting TDS on Expenses with Inventory
16.10.10 Accounting TDS on Fixed Assets
16.10.11 Payment of TDS
16.11 TDS Reports
16.11.1 Challan Reconciliation
16.11.2 TDS Outstandings
16.11.3 E-Return
Conclusion
Key Takeaways
Shortcut Keys
17.1 Introduction
17.2 Security Control
17.2.1 Activation of Security Control and Creation of Security Levels in Tally.ERP 9
17.2.2 Accessing the Company with Data Operator’s User Account
17.3 Password Policy
17.4 TallyVault Password
17.4.1 Activation of TallyVault in Tally.ERP 9
17.4.2 Configuration of TallyVault Password while Creating the Company
17.4.3 Configuration of TallyVault Password for Existing Company
17.4.4 Benefits of TallyVault Password
Conclusion
Key Takeaways
Practice Exercises
18.1 Introduction
18.2 Backup and Restore
18.2.1 Backup of Data
18.2.2 Restoring Data from a Backup File
18.3 Export and Import of Data
18.3.1 Exporting and Importing of Data from One Company to Another in XML Format
18.3.2 Exporting of data in other available formats
18.4 E-Mailing in Tally.ERP 9
18.5 Printing Reports
18.6 Managing of Data during Financial Year End Process
18.6.1 Important Pre-Split Activity
18.6.2 Splitting of Data
Key Takeaways
Shortcut Key
Practice Exercises
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Had wonderful discussion with #easycloudbooks #surat team about upcoming features specially total #AutomatedBilling on #practicemanagement software for #CA #CS #CPA and #AccountingPractice. https://t.co/pZBfmHrYZW
Had wonderful discussion with #easycloudbooks #surat team about upcoming features specially total #AutomatedBilling on #practicemanagement software for #CA #CS #CPA and #AccountingPractice. pic.twitter.com/pZBfmHrYZW
— EasyCloudBooks (@EasyCloudBooks) May 30, 2019
from Twitter https://twitter.com/EasyCloudBooks
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6 Essential Systems to Set Up Before Hiring Offshore Accounting Staff | Future Proof Accountants
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Thinking about offshoring but not sure if your accounting firm is ready? In this video, we break down the 6 most important tools and systems you need before hiring remote or offshore team members. From SOPs to motivation strategies, we cover everything to ensure your offshoring journey is a success.
#offshoringforaccountants#remoteteams#accountingfirm#futureproofaccountants#accountingtools#workfromanywhere#virtualteams#accountingpractice#taskmanagement#accountingtechnology#Youtube
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Must-have technologies for a growing practice firm
#charteredaccountant #lawfirms #legalpractice #accountingpractice #financialadvisors
Are you running a growing practice firm? You would be wondering what technology tools your firm should invest to optimise and grow your practice. I have been talking to a few accounting and legal practice firms in the last few months. While a practice firm would be inclined to add piece-meal tech functionality, there are a few must have technology initiatives that I would recommend to a practice…
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Creating Client Profitability Reports in XPM | A Quick Guide | Future Proof Accountants
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Discover how to create a client profitability report in Xero Practice Manager (XPM) and ensure your accounting or bookkeeping practice thrives. In this insightful video, Neha from Feature Proof Accountants shares practical steps to generate a clear and actionable profitability report, helping you evaluate whether your clients are truly profitable. Learn how to leverage XPM's Report Builder, customize sample reports, and adjust criteria to suit your practice’s workflow. Neha also highlights the importance of regular reporting and monitoring work in progress to maintain efficiency and profitability. Whether you're new to XPM or looking to optimize your reporting process, this tutorial is packed with tips to strengthen your practice's foundation. Don't miss the link to the detailed webinar for more advanced practice reporting techniques!
#clientprofitability#xpm#xero#accountingtips#bookkeeping#profitabilityreports#accountingpractice#Youtube
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Crafting Your Unique Value Proposition: A Guide for Accounting Practices | Future Proof Accountants
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In this video, we explore the importance of developing a Unique Value Proposition (UVP) for your accounting practice. Whether you're just starting out or looking to refine your approach, having a UVP helps attract the right clients, streamline your operations, and enhance your marketing efforts. Learn about the key benefits of a strong UVP, including targeted marketing, improved client alignment, and increased client confidence. We also provide a step-by-step guide with five essential questions to craft an effective UVP that reflects your practice’s strengths and goals. Don't miss this actionable advice to build a profitable and purposeful accounting practice!
#accountingpractice#uniquevalueproposition#accountingmarketing#smallbusinessaccounting#taxadvisory#Youtube
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Creating Client Profitability Reports in XPM | A Quick Guide | Future Proof Accountants
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Discover how to create a client profitability report in Xero Practice Manager (XPM) and ensure your accounting or bookkeeping practice thrives. In this insightful video, Neha from Feature Proof Accountants shares practical steps to generate a clear and actionable profitability report, helping you evaluate whether your clients are truly profitable. Learn how to leverage XPM's Report Builder, customize sample reports, and adjust criteria to suit your practice’s workflow. Neha also highlights the importance of regular reporting and monitoring work in progress to maintain efficiency and profitability.
#clientprofitability#xpm#xero#accountingtips#bookkeeping#profitabilityreports#accountingpractice#Youtube
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Crafting Your Unique Value Proposition: A Guide for Accounting Practices | Future Proof Accountants
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In this video, we explore the importance of developing a Unique Value Proposition (UVP) for your accounting practice. Whether you're just starting out or looking to refine your approach, having a UVP helps attract the right clients, streamline your operations, and enhance your marketing efforts. Learn about the key benefits of a strong UVP, including targeted marketing, improved client alignment, and increased client confidence. We also provide a step-by-step guide with five essential questions to craft an effective UVP that reflects your practice’s strengths and goals.
#accountingpractice#uniquevalueproposition#accountingmarketing#smallbusinessaccounting#taxadvisory#Youtube
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