Common Misconceptions About Accounting

Accounting can be a great career choice for many people but it does suffer from one huge setback — a poor image. Like many professions, certain stereotypes and misconceptions exist regarding accountants. Most people wouldn’t even consider a career in accounting because they think they will die of boredom after spending their days hunched over a calculator, preparing people’s taxes. And the reality is, this is not the only accounting myth that exists. Listed below are the top five misconceptions about accounting: #1. All accountants are math nerds Being an accountant does not require you to be a math genius or solve complex mathematical equations in your head. Accountants do work with numbers by helping businesses manage their budgets and making sure they are complying with government regulations. Basic algebra such as addition and subtraction is definitely a necessity for accountants but past that, not all accountants are exceptional at math. Accounting actually requires a number of skills, such as good communication, critical thinking, and customer service. #2. Every accountant knows how to do your taxes This is perhaps one of the biggest misconceptions about accounting. It is fair to say that most accountants have had a friend or family […]

Read More
Common Accounting Errors That Can Cause Big Problems

There are some industries where a high rate of error is unacceptable and accounting definitely falls in this category. Poor accounting practices can devastate you financially and lead to poor business practices. Some of this can be avoided by outsourcing to an accountant, but not everyone has the financial means to do this. Financial mistakes can stunt the growth of the business and damage your company’s reputation. In order to help you avoid these outcomes, listed below are six accounting errors business owners commonly make and how these can harm you: #1. Failing to keep careful records It is always a mistake to fall behind on your financial records. If you have an “I’ll do it later” mentality then you are setting yourself up for problems down the road. If your records are not up-to-date then you may not be aware that you are losing money and you put yourself at risk to be audited by the IRS. Schedule a time to routinely review invoices and reconcile your bank statements. This will ensure that you don’t suddenly realize months have gone by without you updating the books. #2. Mixing business and personal finances Business owners need to keep their personal […]

Read More
7 Tips for Succeeding in Your Accounting Course

Succeeding in any college course requires hard work and discipline and accounting is no exception. If you want to consistently achieve high grades in your accounting course, you need to have a clearly defined plan for how you will do this. Poor grades are usually the result of poor study habits, and many students fail to solve this problem simply because they don’t know how to effectively prepare. Here are seven tips for how you can be prepared and stay on top of your accounting coursework: #1. Stay organized There are some classes where you can just scrape by with minimal effort but accounting is not one of those courses. You will need to take notes during every class and don’t be afraid to follow up with your professor about any concepts you are unsure of. It is also a good idea to always review your notes from class in the evenings so you will absorb the material more fully. #2. Come to class prepared Before every class you should read the assigned chapter and print off any necessary materials you will need for the lecture. This will help you be prepared and ready to learn about the new material […]

Read More
7 Reasons You Should Consider an Accounting Degree

Many students come to college unsure of what they want to do for a career and looking to find guidance. If you find yourself in this position, maybe you should consider a degree in accounting. Accounting is about much more than just crunching numbers. Accountants produce data that helps businesses make decisions and measure performance and they can be found in nearly every industry. Not only is there the prestige that comes with being as accountant but there is also a fair amount of job security provided and a huge opportunity for career growth. If you are still on the fence, listed below are seven reasons you should consider an accounting degree: #1. A clear plan Many people who begin college are unsure of what they really want to do with their degree after graduation. An accounting major offers you a certain level of clarity and a plan for the future. You will receive training that is specific to your future career and you have a clear idea of why you are pursuing this degree. #2. There are a number of online programs available Many top-rated schools now offer flexible online accounting programs. This makes it more convenient than ever […]

Read More
How to Choose an Accounting Tutor

Accounting is a college major that is growing rapidly because more students are beginning to realize the vast career opportunities that it offers. But pursuing a degree in accounting is no small task, it is a major undertaking that requires a lot of time, focus, and determination. For that reason, many accounting students are looking for a tutor to help them. But searching for a qualified accounting tutor can often feel confusing and overwhelming. How do you know if the tutor you find is qualified to help you? Should you try online tutoring or will you learn better from a local tutor? We speak with students just like you every day so we understand how stressful it can feel. Here are five tips to help you choose the right accounting tutor: #1. Decide whether you want an online or in-person tutor There are many advantages to both online and in-person tutoring and the method you choose will ultimately come down to your own personal preference. Online tutoring is much more convenient and tends to be less expensive, which can be appealing to many college students with limited time and money to spend. #2. Figure out your tutoring budget Obviously the […]

Read More
Back to Top
Hire tutor

Your name*

Your phone*

Your email*


×
If you are a tutor

Your name*

Your e-mail*

Subject*

Experience*

×