Is Setting Up Your Own Bookkeeping Business Right For You?

1. Are you comfortable working with computers?

Yes

No

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.

Explanation

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.

2.

How many numbers are appearing in column 1 but not in column 2?

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.

Explanation

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.

Submit

3.

_{How many numbers are appearing in column 1 but not in column 3?}

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.

Explanation

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.

Submit

4. Do you have high personal standards? For example, when you undertake a project is it important to you that it is done right?

Yes

No

Accuracy and completeness are key to preparing a set of books for a client.

Explanation

Accuracy and completeness are key to preparing a set of books for a client.

5. Are you methodical and consistent in your efforts?

Yes

No

Bookkeeping is a profession that demands consistency and accuracy.

Explanation

Bookkeeping is a profession that demands consistency and accuracy.

6. Are you honest and discreet in dealing with confidential information?

Yes

No

Bookkeepers are commonly exposed to confidential client information.

Explanation

Bookkeepers are commonly exposed to confidential client information.

7. 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.

Yes

No

Cloud applications are now considered best practice for efficient client communication.

Explanation

Cloud applications are now considered best practice for efficient client communication.

8. Are you comfortable working with numbers?

Yes

No

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.

Explanation

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.

9. Are you good at communicating instructions or directions?

Yes

No

You will need to explain to clients what's required for you to do your job,

Explanation

You will need to explain to clients what's required for you to do your job,

10. Are you good at solving problems or puzzles?

Yes

No

The given correct answer is "Yes". This implies that the person is good at solving problems or puzzles.

Explanation

The given correct answer is "Yes". This implies that the person is good at solving problems or puzzles.

11. Do you know within 50 euro the amount of money you have at any time?

Yes

No

A good sense of your own financial situation is a good indicator of how you will manage your client's finances.

Explanation

A good sense of your own financial situation is a good indicator of how you will manage your client's finances.

12. Do you write to-do lists and/or checklists to complete tasks as a normal practice?

Yes

No

To lists are essential to organisation and time management. Checklists are an efficient way to ensure completeness.

Explanation

To lists are essential to organisation and time management. Checklists are an efficient way to ensure completeness.

13. Do you consider yourself or have you been told you are an organised person?

Yes

No

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.

Explanation

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.

14. Do you store your bank statements, Utility bills and house hold receipts in some sort of filing folder or cabinet?

Yes

No

Chances are, if you keep your own paperwork in an organised fashion, you will also be able to do so for your clients.

Explanation

Chances are, if you keep your own paperwork in an organised fashion, you will also be able to do so for your clients.

15. Do you consider yourself a detail oriented person?

Yes

No

Bookkeeping is a detail oriented profession.

Explanation

Bookkeeping is a detail oriented profession.

16. Are you comfortable working with Excel spreadsheets?

Yes

No

While bookkeeping software is the main tool required for a bookkeeping business, working with spreadis sheets also a common feature of the work.

Explanation

While bookkeeping software is the main tool required for a bookkeeping business, working with spreadis sheets also a common feature of the work.

17. Have you ever taken bookkeeping or accounting classes before?

Yes

No

While this is not required, it is helpful.

Explanation

While this is not required, it is helpful.

18. If yes did you do well on these courses?

Yes

No / Not Applicable

The given correct answer is "Yes". This indicates that the person did well on the courses mentioned.

Explanation

The given correct answer is "Yes". This indicates that the person did well on the courses mentioned.

19. Are you committed to setting up your own business?

Yes

No

Having your own business can offer great flexibility but also responsibility.

Explanation

Having your own business can offer great flexibility but also responsibility.

20. Is 500 ÷ 1.23 equal to 460.50? Y / N

Yes

No

No. The correct answer is 406.50

Explanation

No. The correct answer is 406.50