Is Setting Up Your Own Bookkeeping Business Right For You?
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Here are 20 quick questions to help you decide if this is a good choice for you.
Questions and Answers
- 1.
Do you consider yourself or have you been told you are an organised person?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
A bookkeeper has to manage and organise large amounts of paperwork for multiple clients. It is important to have good organising skills to keep it all in order and ready to hand.Rate this question:
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- 2.
Do you store your bank statements, Utility bills and house hold receipts in some sort of filing folder or cabinet?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Chances are, if you keep your own paperwork in an organised fashion, you will also be able to do so for your clients.Rate this question:
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- 3.
How many numbers are appearing in column 1 but not in column 2?
Correct Answer
3Explanation
The numbers appearing in column one but not in column 2 are 4021, 1209.70 and 601110.
This is important because a bookkeeper will be dealing with numbers on pages and computers much of the time. It is important that you can quickly spot discrepancies.Rate this question:
- 4.
How many numbers are appearing in column 1 but not in column 3?
Correct Answer
0Explanation
The answer is 0. Columns 1 and 3 have the same numbers in a different order.
As in the previous question, a bookkeeper will be dealing with numbers on pages and computers much of the time. It is important that you can quickly spot discrepancies.Rate this question:
- 5.
Is 500 ÷ 1.23 equal to 460.50? Y / N
- A.
Yes
- B.
No
Correct Answer
B. NoExplanation
No. The correct answer is 406.50Rate this question:
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- 6.
Are you good at communicating instructions or directions?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
You will need to explain to clients what's required for you to do your job,Rate this question:
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- 7.
Do you write to-do lists and/or checklists to complete tasks as a normal practice?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
To lists are essential to organisation and time management. Checklists are an efficient way to ensure completeness.Rate this question:
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- 8.
Have you ever taken bookkeeping or accounting classes before?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
While this is not required, it is helpful.Rate this question:
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- 9.
If yes did you do well on these courses?
- A.
Yes
- B.
No / Not Applicable
Correct Answer
A. YesExplanation
The given correct answer is "Yes". This indicates that the person did well on the courses mentioned.Rate this question:
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- 10.
Are you good at solving problems or puzzles?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
The given correct answer is "Yes". This implies that the person is good at solving problems or puzzles.Rate this question:
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- 11.
Are you methodical and consistent in your efforts?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Bookkeeping is a profession that demands consistency and accuracy.Rate this question:
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- 12.
Are you honest and discreet in dealing with confidential information?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Bookkeepers are commonly exposed to confidential client information.Rate this question:
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- 13.
Do you know within 50 euro the amount of money you have at any time?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
A good sense of your own financial situation is a good indicator of how you will manage your client's finances.Rate this question:
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- 14.
Are you comfortable working with Excel spreadsheets?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
While bookkeeping software is the main tool required for a bookkeeping business, working with spreadis sheets also a common feature of the work.Rate this question:
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- 15.
Are you comfortable working with computers?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
The given correct answer is "Yes". This indicates that the person is comfortable working with computers. They may have experience or knowledge in using computers for various tasks and are confident in their abilities to navigate and utilize computer systems effectively.Rate this question:
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- 16.
Are you comfortable working with numbers?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
The given correct answer is "Yes". This suggests that the person is comfortable working with numbers. They have indicated their willingness to handle numerical tasks and are likely to possess the necessary skills and confidence in dealing with numerical data or calculations.Rate this question:
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- 17.
Are you committed to setting up your own business?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Having your own business can offer great flexibility but also responsibility.Rate this question:
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- 18.
Do you consider yourself a detail oriented person?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Bookkeeping is a detail oriented profession.Rate this question:
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- 19.
Do you have high personal standards? For example, when you undertake a project is it important to you that it is done right?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Accuracy and completeness are key to preparing a set of books for a client.Rate this question:
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- 20.
Are you comfortable with the prospect of working with a variety of cloud and online applications? Example: online banking, Gmail, online accounting, Google docs, Dropbox etc.
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
Cloud applications are now considered best practice for efficient client communication.Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Apr 11, 2023Quiz Edited by
ProProfs Editorial Team -
Apr 09, 2014Quiz Created by
Aileenhannan
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