Becoming a Certified Bookkeeper - American Institute of Professional Bookkeepers Forum

Can we share books?

Dianna — Sat, 26 Mar 2022 18:46:14 +0000

Hi! My son is graduating this year and I asked him if he'd like to study to become a certified bookkeeper with me. I told him I would pay for the books, we are just responsible for our own exams. That way we can share the books and study together and save the cost of buying two sets of books. Is this okay to do? Or is there something in the books that we'll each need our own copy for? I've been a stay at home mom for 18 years, so I'm excited to start a new venture. Completely new to this, so any tips to help out would be greatly appreciated! Thank you!

Update to payroll study guide?

Jennifer — Sun, 06 Dec 2020 19:25:06 +0000

Does anyone know if the payroll study guide has been updated for 2020? I bought mine a couple years ago and a few things have changed, wondering if there's an update.

Advice on Next Steps

Erin De Lafontaine — Tue, 16 Jun 2020 23:00:17 +0000

I started a freelance bookkeeping and financial analysis business last year and have several clients. I earned a bachelor of science degree in finance many years ago and also have over 8 years of experience working as a corporate financial analyst. I also have many years of experience using Quickbooks Desktop. I am wondering what my next steps should be for becoming certified as a bookkeeper. Is there a test I can take to, in a sense, fast-track the process, see what I already have mastered and skip some of the prep work, and so on? Thank you in advance for your advice.

Appearing for CB exam

Manali Jain — Tue, 02 Jun 2020 06:54:24 +0000

Hi Guys,

Can we appear for an exam now in Prometric? did someone appeared recently for an exam..

Regards

Manali

Mastering Corrections & Adjusting Entries

Anonymous 10866 — Mon, 18 May 2020 18:27:52 +0000

I'm looking for a study partner and/or resources to help me pass the onsite exam for mastering corrections and mastering adjusting entries. I passed the open book exam provided in the back of the work book (barely) so I could really use some help fully understanding this section of the Certification test.

Round up, down, does it matter? I guess not.

Anonymous 3118 — Mon, 24 Feb 2020 02:17:09 +0000

Page 168, Chapter 10 of "Mastering Payroll" shows the FICA tax, employee portion, to be $156.83 on Gross Wages of $2,050. It's actually $156.825, but it has been rounded up.

Page 170, Quiz 1 shows FICA tax of $34.42 on Gross Wages of $450. It's actually $34.425. It's been rounded down. Same with FICA tax on Employee A on same page, FICA tax of $49.72 has been rounded down from $49.725, and Employee B's has been rounded down to $65.02 from $65.025.

Is this accepted practice or is this just errors in the text?

I've always rounded up at 5. I've never seen a round down before.

Clarification on Chapter 7 of "Mastering Payroll"

Anonymous 3118 — Wed, 19 Feb 2020 01:29:16 +0000

Page 113 of the most recent books states "Employers exempt from FUTA tax include not-for-profit organizations, federal, state, and local government entities, certain household employers, certain agricultural employers, and sole proprietorships that employ family members. Also, certain work performed for a child or spouse, or by a child under age 21 for a parent, is exempt from FUTA."

Where does that chapter state that a parent working for their child is exempt from FUTA in all cases? It says "certain" work, which I assumed was "certain" work, not all work.

And if you own a sole proprietorship and employ your child who is 25, doesn't that fall under the umbrella of "employing family members" and so that child's wages would be exempt from FUTA BASED ON THE WORDING IN THE TEXTBOOK?

It is confusing. Very confusing.

How about simplifying it with: " and if your business is a sole proprietorship or a partnership owned by you and your spouse—not a corporation, FUTA taxes do not need to be paid for your children under the age of 21, for your spouse, or for your parents who are working for you in your business."

Does that cover all the bases? I'm studying and pulling my hair out (what little hair I have left at my age) trying to understand some of the text in the textbook like the above, for example. Maybe there's something I don't grasp, so I'm posting it here.

Another example is Problem 4 on page 131 of "Mastering Payroll" that gives an example of when Edna must receive her W-2 for 2019 if she terminates on August 29 and requests her W-2 on that date. The answer the book gives is September 29. Well, 30 days from August 29 is September 28, not 29. But both the 28th and 29th are a Saturday and Sunday, respectively, so wouldn't the date it has to be postmarked be Monday, September 30th?

I'm just trying to understand the text, and the laws. Thanks.

Payroll Test

Anonymous 11037 — Fri, 17 Jan 2020 19:48:23 +0000

On the payroll test for the calculations regarding overtime pay for salaried, nonexempt employees, do you have to arrive at the answer using the calculations provided in the book or can you use your own shortcut when taking the test?

Online/instructor lead courses for CB prep ...

Jack Martin — Sat, 11 Jan 2020 19:31:50 +0000

I have been googling around for online and instructor lead classes that will prepare me for the Certified Bookkeepers certification. I found course work through ATU but their courses and certification point to a Bookkeeper's Certification associated with the National Bookkeepers Association (NBA) versus a Certified Bookkeeper, the AIPB association. I also found the Certified Public Bookkeepers Certification, but this is geared toward public bookkeepting, something I am not interested in at this time.

Any direction help appreciate and also confused by the AIPB and NBA bookkeeping association; which prepares you better and generally more accepted in the industry.

Thank you!

Studying for the Certification-Need recommendations

Anonymous 3923 — Wed, 08 Jan 2020 04:14:14 +0000

Hello! Maybe this question has been asked before but I couldn't find it. I just bought the books for the Certified BK course, but there is no clear order to the books. Is there a recommended order to study the books for the certification? Are there study groups on the forums? Or is it just ask questions on the forum if you get stuck? Any and all recommendations would be greatly appreciated.

Thank-You!