Quality Bookkeeping has achieved all courses and certifications to meet the criteria of being an LCPB. It assures clients that Quality Bookkeeping must maintain a specific number of Continuing Education Credits per year AND maintain a standard of service acceptable to the governing body.
Knowing and understanding the laws and regulations of payroll reporting. From Federal Income Tax to State and Local tax reporting, Quality Bookkeeping can assure clients that proper procedures and processes are in place to stay compliant.
In order to ensure that they are meaningful and useful, financial statements are prepared using Generally Accepted Accounting Principles. GAAP was developed to keep accounting standards at an acceptable quality, as per the SEC and FASB. (Financial Accounting Standards Board) This certification ensures the client that Quality Bookkeeping understands the standards expected in financial reporting by the governing bodies.
The Language of Business. A deeper understanding of Business Accounting and the knowledge of accounting for various entities such as, Sole Proprietorship, S-Corp, C-Corp, and LLC’s. This takes accounting from conception of business through to completion of the accounting cycle. This is accounting for companies with shareholders or partnerships and allocating shares to shareholders or income or loss to partners.
An advanced certification which is important to creating the Chart of Accounts specific to a client’s industry, interpreting financial reports, working with spreadsheets, and explaining the meaning of why Assets = Liabilities + Owner’s Equity.
This Certificate is essential for the basics of bookkeeping. Everything done to achieve this certificate is done by hand, which gives a much better understanding of what goes on behind the scenes in an accounting program.