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Bookkeeping 101 – Everything You Need To Know About Outsourced Bookkeeping

Why do businesses outsource their bookkeeping?

If you want to hire qualified bookkeepers, but don’t know where to start, then this article will help you out!  Businesses outsource their bookkeeping to save time, money and to avoid the hassle of managing it in-house. Outsourcing bookkeeping is not just for small businesses. Large companies like Boeing, General Electric, and ExxonMobil all outsource some of their accounting work. In addition to saving them time and money, outsourcing also allows businesses to focus on what they do best – running the business.

Outsourcing accounting services can be beneficial for both the business and the accountant. When a business hires an accountant, they will use the services of that accountant for all financial matters. While the client is responsible for ordering and maintaining all necessary financial reports, payroll, and tax filings, their bookkeeper will stay in charge of managing general accounting work associated with cash flow

Does my business need help with its books?

Tax preparation is a topic that people generally find confusing. Taxes are complicated and the process of preparing them can be confusing.

Having an accurate account of your finances allows you to stay on top of your business, see how you spend money and monitor how it affects cash flow. This can be done either weekly or monthly.

bookkeeping, accountant

How Can An Outsourced Bookkeeper Help Your Business?

Outsourced bookkeeping is a way to save money and time on the financial side of your business. It can be difficult to find the time to handle all of your company’s bookkeeping, especially when you have other responsibilities as well. Outsourced bookkeepers are professionals who specialise in this work, so they can do it faster and more efficiently than you could.

Benefits of Outsourced Bookkeeping:

Outsourced bookkeeping is a cost-effective way to get all the benefits of an in-house accountant without the high costs.

Outsourcing your accounting needs to a qualified professional can help you save money, time and resources. It also helps you avoid the risks that come from poor management and practices.

There are many benefits to outsourcing your accounting needs:

  • Cost effective – saves money on hiring in-house accountants
  • Time saving – outsourcing allows for more time to focus on other important aspects of business
  • Risk reduction – outsourced accountants have more experience and expertise than most small businesses

What are the advantages of outsourcing your bookkeeping instead of using an in-house?

You don’t have to hire an in-house bookkeeper. This saves you time and money since you only need to hire one person instead of five.

Outsourcing your bookkeeping is typically five times more cost-effective than employing an in-house bookkeeper, which is why it’s a popular decision for many business owners.

Tasks that an outsourced bookkeeper will perform;

  • Cross-checking entries from your balance sheets with the evidence you have in other documentation. For example, bank statements, invoices and payroll. 
  • Tracking down and resolving errors,
  • Checking that the expenses and revenues are correctly calculated,
  • Recording fixed assets correctly
  • Bank reconciliations including processing payments and ensuring that cash allocations are deposited in bank accounts
  • Payroll administration and support,
  • Issuing RCT reminders,
  • Generating management reports.
Bookkeeping, Ireland

The importance of using a Qualified Bookkeeper

It is crucial that you work with a qualified bookkeeper because they will be the one to keep your books in order and make sure that you are paying the right amount of tax. It is important that they are properly qualified because it will give you peace of mind knowing that your books are being looked after by someone who knows what they’re doing. It is also crucial that you make sure that they are using the right software because it will keep your bookkeeping process effective and efficient.

Bookkeepers can save time and money for your business

Qualified bookkeepers can save time and money for your business. They are experts in their field and can take care of all the administrative tasks that are involved in running a company.

They can also provide you with an accurate picture of your finances, which is something that you will not be able to do on your own. This is helpful because it will give you a better idea of how much money you have left to spend each month.

Outsourcing Your Bookkeeping Could Save You Thousands

Outsourcing your bookkeeping would allow you to free up valuable time and resources that can be used to strengthen your company and reduce costs. This is because it allows you to focus on your own work and leaves more time for other administrative tasks.

Once you determine that outsourcing your bookkeeping is something you want to do, you should contact a few potential companies and decide which one best suits your needs.

Want to Know More about Accounting in Ireland?

Book A Free Bookkeeping Consultation

This free consultation will help you determine what your bookkeeping needs are and how to get started with growing your business.

5 Min Reading
Finances

Looking for a more up-to-date Xero Overview?

Accounting Software for Irish Business 

Xero is beautiful accounting software that runs in the cloud — so business owners and their advisors always have instant access to real-time financial data: any time, anywhere, on any device.

Every small business owner knows cashflow is the key to success. The dashboard in Xero is designed to show your business cash flow at a glance. You instantly see how much cash is in the bank, which customers haven’t paid their invoices and which bills you still owe. It’s also easy to keep an eye on important numbers like revenue or wages.

Xero connects with over 5,000 banks globally — to automatically import and categorise all your latest banking, credit card and PayPal transactions.

Check out this Xero video to get the latest information

With Xero accounting software, your customers can view invoices online, so the moment your invoice is opened, it’s updated to show it’s been viewed. You can even schedule invoices to be emailed automatically — so Xero is doing a lot of the billing and collecting for you, around the clock.

To help you get an even better understanding of your finances, you can invite your accountant to collaborate with you and produce management reports. They can add commentary, add footnotes to specific figures and even insert graphs to highlight what’s happening with your finances.

You can also run your business on the go, using the Xero Touch app on your mobile. Check the balances of all your bank accounts and credit cards in one place and send invoices on the spot. While you’re out and about, you often spend money you need to expense the business. With Xero Touch, you simply snap a picture of the receipt — it’s instantly uploaded, ready to submit on your next expense claim.

XERO finances for your Irish Business

With a live view of your finances, it’s never been easier to stay on top of cashflow — freeing you up to do your best work.You can also contact a professional accounting form that specialises in implementing Xero in your business. aperio offers a free consultation to let you know what is involved.

2 Min Reading
Finances

Outsourced Accountants

Outsourced accountants can be very beneficial for businesses as they can provide guidance and expertise during key points in a company’s life-cycle. This allows the business owner to focus on other things while knowing they have a reliable accountant working for them. Furthermore, outsourcing has shown to be more cost effective than hiring an in-house accountant.

Finding peace of mind is one of the most important commodities in any business. With our transparent system and process, you can be at ease knowing how your work will turn out.

Our transparency starts from the very beginning. Knowing what the upfront monthly cost will be, you as the business owner can budget for that cost. This is great for cash-flow purposes. Every autumn, you are not facing an accounting service bill on top of having just paid Corporation Tax to Revenue.

Outsourced Accountant

Using an outsourced accountant can make the day to day running of your business easier and without you having to try to manage your finances. And if something goes wrong, it doesn’t affect you financially, because you’re only paying for their time.

When it comes to outsourcing, you should always consider the rate per hour and how that will impact your business. Cash flow and budgeting are two major challenges when expanding your company, Outsourced accountants allow you to pay by hour, weekly, or monthly.

Outsourced Accountants should offer a customised service to meet all your needs. They provide proactive and personalised financial management, taxation, international services and more for your needs.

One way to drive your business forward is by meeting with a business coach. They can help you set realistic targets and they’re completely transparent, helping you start out on the right foot.

Transparency also curtails the chances of fraud within your business. See this article on 4 Tips To Protect Your Business From Internal Fraud.

Accountancy Outsourced Options

Outsourced accounting services can provide timely (usually monthly) financial management reports where you can see all parts of your business, so you’re never in the dark about your numbers

If you have any questions about this article, please feel free to contact us.

2 Min Reading
Finances

Benefit in Kind – Buying a company car in Ireland.

What do you need to know about buying a company car in Ireland?

Planning on buying a company car? What is the best way to plan this for your company from a Tax implications point of view?  In this article we will discuss some of the main considerations regarding Benefit in Kind (BIK)  for companies in Ireland. Buying a car can be such a great feeling as a small business owner. Make sure you have the best accounting advice to do this correctly. 

Like any other business decision, determining whether to purchase a company car is something you need to weigh up before making a final decision. To do this, it’s important to consider the true costs of BIK (Benefit In Kind) and make sure that your purchase doesn’t interrupt your company’s future plans.

What actually is a company car?

A company car is any vehicle the company purchases for you for business use. A company car is a vehicle provided by an employer for both business and private use. To justify the use of a company car, the employee is usually required to travel significantly for their role, such as a regional sales manager.

 All expenses relating to the company’s vehicles can be expensed through an entity created for this purpose. This includes fuel, repairs, insurance and taxes related to business activity using the car. 

Can I use a company car for personal use and what are the Tax implications?

Vehicles can be used for personal as well as business use and there are tax implications of that. Make sure you know the rules before deciding to use a car for both.

In general, if a company car is available for an employee’s private use then the employee is chargeable to PAYE and PRSI in respect of that use. It is important to note that travelling to and from work in a company car is considered private use.

The notional pay to which PAYE and PRSI must be applied is determined by reference to the “cash equivalent” of the private use of the company car. The cash equivalent is determined by applying a percentage based on business kilometres to the “Original Market Value” (OMV) of the vehicle supplied (whether the vehicle is owned, acquired new or second-hand or leased by the employer).

Unfortunately, for those who buy company cars (for ease of explanation we will say car), you cannot claim the full cost of it back in the first year of purchase. Should you buy the car outright, you may claim capital allowances in the form of depreciation at a rate of 12.5% of the cost of it each year that you own the car.

How much you can claim is limited to €24,000 in cars in Category AB and C  CO2 emissions. That rate reduces for category D & E  emissions by 50% and is not allowable at all for category F & G emissions.

BandCO2 Emissions – grams per km
A0 – 120g
BMore Than 120g/km up to and including 140g/km
CMore Than 140g/km up to and including 155g/km
DMore Than 155g/km up to and including 170g/km
EMore Than 170g/km up to and including 190g/km
FMore Than 190g/km up to and including 225g/km
GMore than 225g/km

What many companies and company owners are doing is to lease vehicles. This can be more tax efficient because vehicle leases can be fully written off.However, there is a reduced pro-rata rate above €24,000

If you are buying a jeep or a van, these vehicles will have the same restrictions as passenger vehicles. In order to register this vehicle in France, you’ll need to pay €24,000.

When considering whether or not to buy a company car, another thing to consider is the BIK (Benefit In Kind). This refers to what an employer has paid for their employee to have a company-car for private use.

What is classed as Business Mileage?

Business mileage is mileage incurred in the normal course of business. This could include travelling to appointments, business meetings and travelling to temporary work sites.

Travelling to and from your normal place of work does not count towards business miles.

In this context, it’s worth reviewing the Revenue’s definition of what constitutes your ‘Normal Place of Work’ to ensure your business travel fits the criteria –  https://www.revenue.ie/en/employing-people/employee-expenses/travel-and-subsistence/normal-place-of-work.aspx 

How BIK is calculated in Ireland

The BIK of a vehicle is calculated by multiplying the vehicle’s OMV by 30%.

The Benefit in Kind (BIK) is calculated as the annual standard value of a vehicle multiplied by 365 days, divided by a coefficient of €40k per OMV. The charge in tax is €5,880

OMVRateBIK
€40,00030%€12,000 (cash equivalent)

That’s why many companies and company owners are leasing vehicles for their business. Leases are fully tax deductible, with a reduced rate if the car cost exceeds €24,000.

BIKMarginal Rate of TaxTax Charge
€12,00049%€5,880

If you are buying a jeep or a van, that is treated the same as other vehicles; however, it will not have the same restrictions as passenger vehicles, i.e. the €24,000 threshold.

Lower LimitUpper Limit% of OMV
KMKMPercent
Zero –24,00030%
24,00032,00024%
32,00040,00018%
40,00048,00012%
48,000more6%

Another thing to consider when buying a company car is the BIK (Benefit In Kind) tax charge. This applies for employees or directors that use a company vehicle for personal use, which can be quite costly.

However, for Commercial Vehicles and Vans the rate of BIK is reduced to 5%. Note an N1 Commercial Vehicle which has five seats is classified in the same way as a passenger car for purposes of BIK.

Exemptions

Company cars have exceptions when it comes to the company car policy.

  1. Car-Pools – Employees are required by company policy to use company-owned cars for business purposes. Drivers must not regularly keep their cars overnight at or near their homes.
  2. Electric Vehicles – This exemption for €50,000 or less electric vehicles allows employees to use their personal vehicles for business and personal use until the 31st December 2022. Where the car costs more a partial exemption is given by reducing the cost of the vehicle to €50,000.

We do hope you found this article useful when trying to understand BIK implications for purchasing a company car. We recommend that you reach out to financial advisors and accounting professionals in Ireland to give you expert advice. 

6 Min Reading
Finances

How To Reduce Your Chances Of A VAT Audit in Ireland

VAT audits are the elephant in the room that Irish businesses don’t like to talk about. For any business, audits can be hugely time-consuming and stressful. If you are in business, the last thing that you want to worry about is a VAT audit. It’s best to have the support of qualified accountants and business advisors. 

Who needs to pay VAT in Ireland?

Generally in Ireland, you must register for VAT if you are an accountable person.

A person carrying out only exempt activities or non taxable activities may not register for VAT. However, a person carrying on exempt activities or non taxable activities may have to register for VAT in certain situations, for example:

 acquiring goods from other EU Member States

Or receiving services from abroad.

Check out the official Revenue website to learn – who needs to pay VAT. 

Seeing as so many businesses require audits, first-time experience with a VAT audit can come at the peak of your resources. It may also be considered a considerable amount of money to spend on your company. It’s important that businesses provide accurate documentation of their sales and purchases from a tax perspective. If you are unable to do so, the Irish Revenue may charge you for errors in your reporting.

However, with the appropriate software, advice, and systems in place, you can avoid accidentally being audited by saving time and money. Simply put, the easiest way to avoid a potential VAT audit is to ensure your financial records are easily accessible and up-to-date.  This ensures you will have the correct answers to any Revenue inquiries before they become audit issues.

In the past, many accountants needed to liaise directly with Revenue on behalf of the client. We’ve dealt with them in the past and know how to find what they’re looking for easily.

 

What Is A VAT Audit?

This means that when you submit your tax return, the officers of the Revenue Commissioners will try and make sure that they are calculating your income, charges and profits correctly. This can be done to make sure none of them are omitted from the return! A VAT audit may also be carried out to check that the tax credits, reliefs, etc., claimed are due.

 

Steps Before A VAT Audit in Ireland

Just in case you are wondering the kinds of things we might ask from you during a VAT audit, sometimes they may ask for your general information like your turnover and what kind of changes have been made to your business. A point of information here, whether aperio acts on your behalf or not, don’t ignore such a request for information from Revenue. Make sure you engage or you may be sending the wrong message.

Revenue may have a question about your business or product. They’re going to ask an “aspect” question, which is when they want to know more about something. This isn’t standard practice and may be handled differently depending on the situation. Generally, you’ll need to visit your own office for this particular task. Some requests for this type of thing may involve a long wait time so it’s important you have your documents organised beforehand.

As companies are submitting more and more reports to verify their operations, they are generating more data in the process. When these reports lack up-to-date information they can lead to faulty assumptions or leads. This can be disastrous when it comes to VAT audits because the UK government is proactive when it comes to phasing out businesses that make unsubstantiated claims.

3 Min Reading
Finances

An introduction to VAT in Ireland – Tips for small business owners

When you set up your new business in Ireland, one of the important things to understand is Value Added Tax (VAT). This article looks at what is essential for entrepreneurs when starting a company and working out what VAT is required for your products or services. 

There has been a recent increase in startups in Ireland, which is great because it means entrepreneurs are starting to invest in small businesses again. This article should help emerging business owners know everything related to VAT. 

As an Irish company, you might be wondering what VAT applies to your business

VAT is an indirect tax that the Irish Government places on goods and services. The rate depends on how much you consume/use, so when you purchase something, the price typically includes VAT. There are typically three VAT collectors in the supply chain (manufacturer, wholesaler and retailer) who each take care of their own VAT obligations. This means that they calculate and collect the correct VAT amount from their customers and send it to Revenue for inspection.

When Revenue collects VAT from a company and sends the money back, they can reclaim it as appropriate for any VAT that the company had to pay to their suppliers.

What are your requirements to register for VAT?

Whether or not you decide to register for VAT will depend on what you do and the revenue generated by your sales.

First, you need to consider if your product or service is subject to VAT.

Not all products and services are liable for VAT. For instance, medical, training, financial or not-for-profit services usually don’t have to pay for it. If your product or service qualifies for an exemption from VAT, you cannot register for it.

Next, you need to consider if you will exceed the thresholds of €37,500 for consulting services and €75,000 for selling goods.

If you don’t see yourself going over those limits in any given period of 12 months, you don’t need to register.

Thirdly, you may become eligible to register if your product’s sales or service revenues are below the thresholds and you want to make use of significant VAT tax exemptions(e.g. Germany, France, Belgium etc.)

How can I get the rates of VAT in Ireland?

The Retail Prices Index has risen by 6% over the last year. This is due in part to rising inflation and Irish VAT rates are among the highest in Europe. Goods and services such as consumer electronics come into this category, along with professional services such as accountancy. The standard rate of VAT is currently 23%. 

The next lower rate is 13.5%. This is applied to most ‘non-business’ services. Examples include car repairs, cleaning, construction work and domestic electricity supply

About halfway down, the lower rate of 9% is applied to the hospitality sector. That includes things like food and accommodation. Alcoholic drinks are not included, but non-alcoholic drinks are included.

VAT exempt items and VAT zero-rate items are two separate things. The latter needs to have a certain level of tax to be able to be deducted, while the former is basically what its name implies it is exempt from VAT entirely. The net effect for businesses is the same. The zero-rated ones may be able to claim VAT on their purchases

Let us help you meet your country’s specific compliance requirements

If you’re registered for VAT, it’s important to keep records of invoices and receipts to calculate how much money is owed to Revenue. Failure to do so could result in penalties. It is important to note that records should be kept for 6 years whether or not the company provides VAT

The frequency with which businesses file their taxes can vary depending on their agreement with Revenue. Generally, they will pay bi-monthly payments.

If you fail to pay VAT in the appropriate time, or you don’t meet legal obligations, revenue can impose penalties.

What sales are exempt outside Ireland but within the European Union?

When running a business within the EU, you don’t need to charge VAT on goods sold by your company if it’s registered as a VAT exempt company. This is a common misunderstanding for many small business owners in Ireland. 

Do businesses with VAT and VAT-exempt activities need to keep them separate?

 Yes, providers should indicate appropriate VAT rates on all invoice communications. 

What types of refunds can be claimed on personal purchases?

You can only claim VAT on purchases if they were bought for business purposes.

Are meals, accommodation and entertainment VAT reclaimable?

The following purchases cannot be typically claimed for VAT: meals, accommodation, entertainment and petrol for motor cars.VAT can be a difficult accounting requirement for small businesses. That’s why many turn to outside help with their reporting needs – such as professional accountancy agencies. If you need more information about accountancy services or need any help, contact a professional accountancy firm.

When you set up your new business in Ireland, one of the important things to understand is Value Added Tax (VAT). This article looks at what is essential for entrepreneurs when starting a company and working out what VAT is required for your products or services. 

There has been a recent increase in startups in Ireland, which is great because it means entrepreneurs are starting to invest in small businesses again. This article should help emerging business owners know everything related to VAT. 

As an Irish company, you might be wondering what VAT applies to your business

VAT is an indirect tax that the Irish Government places on goods and services. The rate depends on how much you consume/use, so when you purchase something, the price typically includes VAT. There are typically three VAT collectors in the supply chain (manufacturer, wholesaler and retailer) who each take care of their own VAT obligations. This means that they calculate and collect the correct VAT amount from their customers and send it to Revenue for inspection.

When Revenue collects VAT from a company and sends the money back, they can reclaim it as appropriate for any VAT that the company had to pay to their suppliers.

What are your requirements to register for VAT?

Whether or not you decide to register for VAT will depend on what you do and the revenue generated by your sales.

First, you need to consider if your product or service is subject to VAT.

Not all products and services are liable for VAT. For instance, medical, training, financial or not-for-profit services usually don’t have to pay for it. If your product or service qualifies for an exemption from VAT, you cannot register for it.

Next, you need to consider if you will exceed the thresholds of €37,500 for consulting services and €75,000 for selling goods.

If you don’t see yourself going over those limits in any given period of 12 months, you don’t need to register.

Thirdly, you may become eligible to register if your product’s sales or service revenues are below the thresholds and you want to make use of significant VAT tax exemptions(e.g. Germany, France, Belgium etc.)

How can I get the rates of VAT in Ireland?

The Retail Prices Index has risen by 6% over the last year. This is due in part to rising inflation and Irish VAT rates are among the highest in Europe. Goods and services such as consumer electronics come into this category, along with professional services such as accountancy. The standard rate of VAT is currently 23%. 

The next lower rate is 13.5%. This is applied to most ‘non-business’ services. Examples include car repairs, cleaning, construction work and domestic electricity supply

About halfway down, the lower rate of 9% is applied to the hospitality sector. That includes things like food and accommodation. Alcoholic drinks are not included, but non-alcoholic drinks are included.

VAT exempt items and VAT zero-rate items are two separate things. The latter needs to have a certain level of tax to be able to be deducted, while the former is basically what its name implies it is exempt from VAT entirely. The net effect for businesses is the same. The zero-rated ones may be able to claim VAT on their purchases

Let us help you meet your country’s specific compliance requirements

If you’re registered for VAT, it’s important to keep records of invoices and receipts to calculate how much money is owed to Revenue. Failure to do so could result in penalties. It is important to note that records should be kept for 6 years whether or not the company provides VAT

The frequency with which businesses file their taxes can vary depending on their agreement with Revenue. Generally, they will pay bi-monthly payments.

If you fail to pay VAT in the appropriate time, or you don’t meet legal obligations, revenue can impose penalties.

What sales are exempt outside Ireland but within the European Union?

When running a business within the EU, you don’t need to charge VAT on goods sold by your company if it’s registered as a VAT exempt company. This is a common misunderstanding for many small business owners in Ireland. 

Do businesses with VAT and VAT-exempt activities need to keep them separate?

 Yes, providers should indicate appropriate VAT rates on all invoice communications. 

What types of refunds can be claimed on personal purchases?

You can only claim VAT on purchases if they were bought for business purposes.

Are meals, accommodation and entertainment VAT reclaimable?

The following purchases cannot be typically claimed for VAT: meals, accommodation, entertainment and petrol for motor cars.VAT can be a difficult accounting requirement for small businesses. That’s why many turn to outside help with their reporting needs – such as professional accountancy agencies. If you need more information about accountancy services or need any help, contact a professional accountancy firm.

Learn more
9 Min Reading
Finances

The Ultimate Guide to Managed Finance Services

The managed finance services industry is a rapidly growing one. It is fuelled by the need for more efficient ways to manage and grow business.

Managed finance services companies provide a range of financial management services to their clients, including cash management, debt management and financial advisory. They also offer financing options for their clients, such as business loans or invoice financing.

These companies are often hired by businesses to take care of all the financial aspects that they don’t have time or resources for themselves. They might be too small, too busy or not qualified enough in this field.

Some of them are also hired by individuals who want to have some help with their finances but don’t want to hire an accountant or financial advisor on a full-time basis.

What to Consider When Choosing a Managed Finance Platform

When choosing a managed finance platform, there are many things to consider. You’ll want to make sure the software is tailored to your needs, that it’s easy to use, and that it’s cost effective.

The 5 most important things you should consider when choosing a managed finance platform for your business.

1) What features does the software offer?

2) How much does the software cost?

3) How long has the company been in business?

4) Is there customer support available?

5) What are other customers saying about this company?

12 of the Most Useful Features of Managed Finance Services That Will Impact Your Life

A good financial management software can help you manage your finances better. With the help of finance software, you can keep a tab on all your expenses and also plan for the future.

20 of the most useful features of managed finance services that will impact your life.

1) Online Banking: Banking has become easier with online banking. Now you don’t have to go to the bank and stand in a queue to deposit or withdraw money. You just need to log in to your account and do it from home or office.

2) Budgeting: A budget is an important part of managing your finances because it helps you stick within a set budget by monitoring your spending habits and managing them accordingly.

3) Expense Tracking: Tracking expenses is important because it helps you know where your money is going and if there is anything that can be saved.

4) Mortgage Rates: Personal loans are available at varied rates of interest, ranging from 3.5% to 6%. It’s generally a better idea to get a personal loan rather than getting a mortgage through the bank because they can be expensive in comparison to personal loans.

5) Cash Management: Managing your cash, whether it be through a direct deposit or with a chequing account, can help you manage your money. If you ever need to access cash and don’t want to carry large amounts of change around with you, using a debit card is the best alternative.

6) Credit Cards: A credit card allows you to make purchases and is typically better than cash because it allows you to earn interest on your money, which can be substantial at some credit cards.

7) RRSPs: A Registered Retirement Savings Plan (RRSP) is a retirement account that is typically funded with after tax dollars, making it a really good option for people just starting out their financial lives. Your contributions are tax-deductible, but the money does not accrue interest.

8) Home: Home ownership can be a really good way to build wealth, whether you are buying a property or renting an apartment. Some people view owning their home as an investment because it increases in value over time and is likely to appreciate in value significantly as well.

9) Gold: Gold is a good investment because the price of gold tends to go up over the years. This means that it may be worth more in the future than what you paid for it.

10) Bitcoin: A digital currency, Bitcoin is traded on an open-source peer-to-peer network, which means no bank or government allows Bitcoin transactions and its value can be volatile.

11) Collectibles and antiques: These items are typically expensive and have a limited supply, so they appreciate in value over time.

12) International real estate investments: Some people invest in internationally-based properties because it’s possible to use the property as a form of diversification. For example, purchasing a home outside of the U.S.,

Please visit https://aperio.ie/

6 Reasons Why You Should Consider Switching To a Managed Finance Service

Financial services can be a complicated thing to navigate. There are so many different companies and products, it can be hard to know which one is right for you.

The benefits of switching to a managed investment service provider in order to help you make an informed decision about your finances.

1) A managed investment service provider will take care of all the details for you

2) You’ll have more time and energy for other things

3) They’ll handle all the paperwork and reporting

4) They provide access to a wide range of investments

5) The fees are typically lower than those charged by other service providers

6) They offer personalized advice

5 Min Reading
Finances

How to Become a Xero-Certified Bookkeeper

The Xero-Certified Bookkeeper designation is an industry standard for bookkeepers and accounting professionals who are skilled in the use of Xero software.

To become a Certified Bookkeeper, you will need to complete the following:

– Attend an Xero-Certified Bookkeeping course

– Take an exam

– Complete a two-year work experience requirement

– Pass the exam

Why Become a Certified Bookkeeper?

There are various reasons why becoming a certified bookkeeper is beneficial.

First of all, it can help you to get a job, as many companies require their employees to be certified.

Secondly, it can help you to grow your business and improve your skills.

Thirdly, it can make you more competitive in the market and last but not least, it will give you peace of mind that you are doing the right thing.

What is the Certification Process?

The certification process is a set of steps that one must complete in order to become certified. The process can vary depending on the certification and the organization providing it.

The xero certification exam is an online test that one must pass in order to become certified. One can take this exam as many times as needed until they pass it.

In order to get a bookkeeping certification, one should first decide which type of certificate to get and then contact the organization that provides it for more information on how to apply for it.

What Skills Do I Need to Become a Certified Bookkeeper?

There are a number of skills that you need to have in order to become a certified bookkeeper. These skills include math, accounting, organization, and attention to detail. You also need to be proficient in Microsoft Office applications and Excel.

A Certified Bookkeeper is someone who has followed an accounting program and passed the certification exam. They are qualified to work with financial records for both small businesses and large corporations.

The AAT qualification is the entry level qualification for accountants, bookkeepers and payroll professionals. It is designed to provide a foundation of knowledge, skills and understanding of the profession.

The AAT qualification is available as a full-time course or as a part-time course. The full-time course can be completed in just over one year while the part-time course will take two years to complete.

How Does A Certification Program Work?

Certification programs are a great way for students to learn and get the necessary skills to start their career. There is a wide variety of certifications that can be obtained, depending on the student’s interests and career goals.

The certification process usually starts with an exam, which is followed by a course or series of courses. The exams are usually taken at the end of the course and they are graded by an instructor or someone in charge of the examination process. Please visit https://aperio.ie/

What Does it Mean to be Xero-Certified?

Xero-certified accountants are accountants who have been certified by Xero and are able to use the Xero software.

There are two types of Xero-certified accountants: accounting professionals and business advisors.

Accounting professionals can be certified if they meet the following requirements:

They must have a minimum of three years of experience in bookkeeping, accounting or auditing, they must be members in good standing with their professional organization, and they must have completed at least one course in accounting or auditing that is recognized by their professional organization.

Business advisors can be certified if they meet the following requirements:

They must have a minimum of five years of experience in business advising or financial management, they must be members in good standing with their professional organization.

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