Uttam Pai

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    Uttam Pai
    Participant
    Thanks for your responses
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    Uttam Pai
    Participant
    You are right, it does depend from company to company. I’ve listed down general set of responsibilities.
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    Uttam Pai
    Participant
    I’d put my money on a CPA than just a bookkeeper. You could hire someone with a payroll clerk/senior, but they would be able to help you as much with the financial decision part.
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    Uttam Pai
    Participant
    You can try using Quickbooks.
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    Uttam Pai
    Participant
    Yes, you would require a bachelors degree in commerce or accounting so that you fulfil the 120 educational credit requirements to appear for the exams.
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    Uttam Pai
    Participant
    1) After under graduation, check if you fulfill the 120 educational credit requirement (most of the State Boards require 120 credits as eligibility criteria to appear for the exams). In most cases, having a commerce-related degree will fetch you the 120 credits. If you’re lacking the credits, don’t need to worry – you can consider taking up bridge courses (from open universities maybe) that’ll provide you the credits.
    2) Application for evaluation (Choose the State Board that suits your condition)
    3) NASBA Account Creation
    4) Application for the Exam
    5) On clearing your exams, meeting the additional educational credits required to attain the license (in most cases they would need a total of 150 credits in total, i.e., including the 120 you had before – so it’s an additional 30 credits) + the relevant experience
    6) Hooray! You’re now a CPA!
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    Uttam Pai
    Participant
    There are two ways you can solve this problem:

    1) Delegating the role
    2) Using accounting software to track expenses

    Based on feasibility and your business need, you could choose one of them.

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    Uttam Pai
    Participant
    I would say it’s a mix of both that’ll give the best result. Decisions and Strategic thinking very much require human interaction. Whereas, for keeping records and doing repetitive/non-value adding tasks can be automated.
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