Rebecca's Finance Tutorials
Rebecca's Finance Tutorials
Rebecca is a chartered accountant in the UK and has worked in the finance industry for 15+ years at many of the top accountancy firms across the UK.
My aim is to provide financial education to as many people as possible so if you want to learn more about business management, taxes, stocks, shares, investments, mortgages, running an accountancy firm and topic breakdowns, then make sure to hit that subscribe button!
By day Rebecca is the founder and CEO of her own accountancy firm and has ran multiple finance functions for large businesses as well as diversifying her investments into property and other businesses.
Here is my Taxdome Affiliate link to gain two months free subscription:taxdome.com/en-gb/signup?fpr=rebecca-78
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Happy to have coffee with you. I am also an accountant
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It was great to feature you on the podcast Julie
Great video as usual! I could really use some advice and don't know if it might be worth making a video as others might need it to! I've been working as a trainee accountant for 12 months and the training has been awful, I'm basically stuck on audit a d that's not what I want to do. I can get to aat lv 4 and then start my own practice but I'm concerned about having enough experience performing the kind of tasks I would be offering if the training doesn't improve. Any advice on how to self learn these skills if possible?
Hi Lee I can't reveal all at the moment but let's just say in this separate side project that I keep hinting at I've got you covered here, so in terms of content and training I have a huge launch upcoming this year that will help. What will assist me here is exactly what you would like training on, so as specific as you can be and maybe even where you would like to see yourself in two years and what that looks like day to day. Feel free to send me a quick video or voice note here to [email protected] (see my latest video this morning about this too)
@RebeccasFinanceTutorials Hi, that sounds brilliant! I'll make and send a video :) thanks again
@@lee-wood Epic thanks Lee
Thanks
You're welcome hun
Do you have any videos on starting your own bookkeeping business ie how to get a license, get clients, etc?
Hi hun I can pull this together for you 😊
Hello there this should help point you in the right direction: kzread.info/dash/bejne/i66N2biRk7fTebg.html
I might be giving up on becoming a bookkeeper, due the price of courses.
Hi Adrian have you considered purchasing the text books and simply self studying x
@@RebeccasFinanceTutorials I have but even the textbooks are expensive.
Same here. I got to do AAT level 2 paid for by my employer as part of my redundancy, but I couldn’t afford 3.
@@KSweeney36 Hi hun have you looked into local grants available
Hi rebecca E -career online training is good for AAT ? And i have bachelor degree in accounting from india so should i have start AAT level2 or 3 ?
Hello there if you go to the aat website you can pop in any previous qualifications and experience and it will recommend a starting level for you based on any exemptions you might receive x
Watching from Kerala India 🇮🇳 Bincy Elizabeth Mathew,,
Please explain R2R accrual expenses
Nice good 👍
your voice is so peng
I think i am getting addicted to this video...help!!!
😂
very useful! thanks
You're most welcome
You are amazing!! Thank you so much.....❤❤❤
You are most welcome hun
Bit too fast. But that's a good thing. Will keep watching until I can catch up with your speed :)
Your are great kind teacher and giving hope to people like me thank you for your time given to us
I am currently working through the task bank for this unit with the exam booked in three weeks time.
That is amazing timing, my exam is on Thursday. Thank you so much for the tips!
You're welcome hun I'll be releasing the others this week too x
I completed a National Diploma in Financial Management am i qualified to become a bookkeeper.
Hi hun it might be worth looking into if you are able to get any credit for previous qualifications here
Sweet voice!
That's kind thank you
Hello there, firstly thank you for your informative videos you put out there. Can you please give me your opinion. With someone who has only got GCSEs and no A levels what is the course of action you would take? I read some other comments where you need to do level 3 accounting and not only level 3 bookkeeping if you want to be a qualified bookeeper. What institutions would you go for and how to get work experience as many employers require this. Apprenticeships wont offer the apprenticeship role if you already did the course. This is coming from someone who has no knowledge or experience in the field. Also would you recommend this field to someone who is not too into number but don’t mind?
Hello there well firstly you don't need to be too much into number grinding as its most important that you can problem solve above anything else :D I would highly highly recommend looking on the AAT website for an approved employer and for an apprenticeship role firstly with the AAT or ICB as getting that experience is absolutely key and will also ease you in to see if you really like the industry. Keep firing away with questions if you are not sure or have any others as I am happy to help.
the uk government are thieving little piggies…. bacon sandwich anyone? 😂
The synoptic has gone for the QA2022, but gordon bennet!! I find many of the AAT exam questions a bit wooly! This week I came across a question that a company is "eligible" for cash accounting, right yeah, tha't fine, so are they standard?! No other accounting scheme is mentioned... The answer was to consider it on cash accounting. So here to learn more about AAT questions!
How employable does AAT make you? I'd hate to try and change career and be left unemployed
Hello there Rob so I would say it makes you very employable because of the skillset taught through the qualification, it means you can take this into other industries to and includes topics such as ethics, financial management, risk, management reporting as well as the bookkeeping elements and commercial acumen of running a business
Hi Rebecca. I love your channel - it has been a great help for me so far. I'm 26 and have just left the military after 5 years. I have a degree (in an useless subject lol) and want to become an accountant. I'm feeling unsure what my best next steps will be. Should I apply for a accounting trainee program at companies and see what they say, or would you recommend doing my AAT levels 2, 3 and 4 and then applying. Last question, so after doing AAT levels 2, 3 and 4 - would I be considered a qualified accountant at that point? Any help you can offer would be most appreciated. Thank you
Hello there so firstly thank you for reaching out and amazing that you are considering a career in accounting. Secondly yes after completing aat level 4 you will be a qualified accountant and lastly definitely search for local accountancy firms and reach out to them through LinkedIn or other means to see if they are looking for a new hire as many will be
Hi, Thanks for Information
You're welcome hun
Hi great video! I had a question about the products and services tab. If the businesses sales are usually earned via physical markets or ecommerce channels and not via invoices or purchase orders, how should they go about putting inventory items in and marking them as sold. For either the tracked or untracked option, how do you mark the item as sold or make it come up on the profit/loss/income statement that these certain items have sold. Hope that makes sense! Thanks :)
Yes that makes sense and it would be best if I pulled through a video on stock here for you to explain this
Thanks 🙏
Hi @RebeccasFinanceTutorials, thanks for the informative video! This is Usama from Pakistan. I really appreciate you sharing your insights on Payroll Journal Entries for the UK. This video from Gemini AI led me here, and I'm glad I found your channel. I look forward to exploring more of your content! Thanks again for providing such an informative video.
You are most welcome :)
Hi Rebecca, If you started with a net loss and profit share appropriation was a loss would this still credit the partner current account?
I want to does AAT itself provide any course
Hi Hasan there are a few providers of aat but the aat books can be purchased separately and you can send study here
Single handedly saving me with MATS, thank you!!
Thanks s74b I appreciate the feedback and glad it's helping you
Hello mam. I completed my 12 Intermediate in CS and now thinking about AAT and Acca. My question are How much the total cost of aat will be How much the maths involve suppose if i am weak in math in previous years of my education. I am currently on job butbhave time for study and currently earning about 300euro but the salary will increase upto 6-7 hundreds euro
Hello there have you considered looking at funding that might be available to undertake the aat or acca? Check your local government website firstly as you may be eligible for funding to help towards the cost and secondly you can buy the books second hand if needed and self study which is always an option too
It is a common misconception that you need to be good at maths so do not worry about that if you are thinking of a career change
Very helpful and clear. Thanks a lot
You are welcome!
Can you please make a video on detailed practical 1.Year end accounting and adjustments 2.opening balances journal, 3.complet UK payroll jurnal with all the possible deductions.(eg.using sage 50 nominal codes)
Hello there I have a video somewhere with a trial balance walk-through which shows this but if you can't find it here let.me know
Nice and clear... Thanks a lot Rebca
Thank you 😊
Another great video!
Thanks Lee
It's seems like, with the AAT level 2 Bookkeeping course that I'm studying, the Kaplan materials, seem to refer to the Sales Ledger, as 'Receivables Ledger Control Account' (RLCA), and the Purchase Ledger, as 'Payables Ledger Control Account' (PLCA) !! Perhaps, the above, is, just a level 2 thing ? Nonetheless, VERY well explained, and, a very useful 'tool' to someone, like myself, who, is trying to learn this !!
a bit too fast! thats pitty it was so clear to follow
amazing video!
Thank you s74b
Very informative and good way to explain using T accounts but a tad too fast for me to follow 😵💫
Thank you :) I will see if I can slow it down in another video for you x
very hjelpful thank you
Here is the CPAA Guidance on Economic Crime and Corporate Transparency Act 2023 as at 4 March 2024: cpaa.co.uk/files/galleries/ECCTA_Guidance_for_CPAA_Members.pdf
Save all your bank statements. That will have record of all deposits. Handy for me because I sell on multiple platforms but have cut way back due to mobility problems n chronic pain.
Hi how heavy contented is the level 4 AAT compared to A-levels and the level 2/ level 3 AAT? Is there a ton of info to memorise or is it more in detail?
Level 4 is definitely more wordy than level 2 and level 3 and I would say it is the equivalent of a final year diploma so I would expect that there would be more detail and information as it is also a consolidation of level 2 and level 3.
Please make more videos, great stuff
Thanks hun
👍
Good video, I hate to use this term, but, is the Bookkeeper, actually more of a number 'cruncher' ?? Sorry !!
Hi hun no not at all, bookkeepers can assist with cash flow management and helping owners making decisions on financial information.
@@RebeccasFinanceTutorials Thank you Rebecca, very interesting !!
Currently studying this topic, as, part of AAT Level 2 Bookkeeping !! You have explained this VERY well, so, at least now I understand why , in the GENERAL ledger, the Receivables/Sales Ledger, is CREDITED, because, of course, the discounts allowed, in simple terms, REDUCES the amount of money the 'seller' of the goods is going to receive !! Thank you for your video !!
You're most welcome Peter 😊
Er .... If I buy a shirt for £25 , wear it a couple of times but aren't really keen on it , so sell it for £15 , Ive NOT MADE £15 HAVE I !!???? I've lost a tenner !!!! Which bit dont HMRC get about that ????