Can any Accountants help me with my curiosity please?
So my concern is about the sales ledger operations in a Hotel industry, as the Hotels sales are on room accomodation,(so selling rooms), Why do they need a credit control for their customers? I mean for their hotel guests...or issue credit notes to them? I dont understand the sales account in this hotel industry, as the customers or hotel guests pay for the accomodation when they check-out the hotel. And what type of invoices do they issue cant get it??? I am a student and curious to know about working for a hotel, as I know how to maintain a sales ledger in a wholesale or retail trade business. But in hotels the nature of accounting is different.. If someone can help it would be Great. Thank you a lot.
Other - Business & Finance - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Not all custom is occasional. You will have corporate accounts who will use you regularly, and they will either ask their staff to pay by company credit card (if they have one) or on account (Sales Ledger). Most companies prefer Invoices and Statements because it's how the rest of their order / approval / payment systems work. They also get longer periods of free credit that way. Personally I prefer proper invoices to credit card receipts that are quite easy to lose.
Answer 2 :
Hi, this is required for all the industries if, you have clients with running account. For example you may have corporate client, which uses your hotel regularly, you cant ask them the payment as and when they use your hotel.They may prefer to pay at the end of month or some other time period which is convinient to them, so you need debit notes and credit notes for accounting
Answer 3 :
sorry
Answer 4 :
City Ledger is the traditional name for the Credit Accounts. Traditionally, big City firms used to have Credit Faccillities in the hotel, where their staff stayed, and the company was invoiced for it. Nowadays, Its not so much big City. Travel Agents, Non-city companies, and lots of others hold Credit Faccillities in the hotel, but despite this, the name has still stuck. Contrary to your statement, only about 65-80% of bills are paid on departure. Its a fancy way of saying that the invoice will be sent back to the company and the bill is on the Sales Ledger account for that company. Sales Ledger records are mostly computerised now to maintain the hundreds or thousands of credit accounts out there. Unless you are doing a specific course in Accounts, and aim to be in hotels, you will be shooed out of the accounts office. If you are to be involved, you will be trained well in how to do it.
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Monday, October 3, 2011
On Average, How Much Do Accountants In London Charge Their Clients?
On Average, How Much Do Accountants In London Charge Their Clients?
Obviously it will differ from accountant to accountant and I know it depends on what tasks the accountant is required to perform, but approximately how much do London based accountants charge? Thanks
London - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
£120 per hour or so. just like any "professional" services, like lawyers, therapists, etc.
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Obviously it will differ from accountant to accountant and I know it depends on what tasks the accountant is required to perform, but approximately how much do London based accountants charge? Thanks
London - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
£120 per hour or so. just like any "professional" services, like lawyers, therapists, etc.
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Accountant or Financial Adviser?
Accountant or Financial Adviser?
i cant decide whether to take a degree in Accounatcy or take up a degree for becoming a financial adviser Can people please tell me which would be the best carrer in thier opinion and if i could be an accountant and then an financial adviser
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You will understand the role of financial advisor better with an accounting degree. Financial advisor is a sales position, accounting is a numbers position.
Answer 2 :
Get a double major then sit for your CPA.
Answer 3 :
To be a financial advisor you don't need a degree so it is the easier route of the two, and more lucrative if done offshore. Accountancy is more to do with crunching numbers. A finanacial advisor requires more interpersonal skills.
Answer 4 :
Your career will take off faster if you have a CPA or similar certification. A CPA could easily become a financial adviser later in life if they so choose.
Answer 5 :
I am at a very young age and I just recently got a job as a Credit counselor which is almost like a financial advisor and obviously did not need any kind of degree to take the job. Im sure with an accountant degree you have more job opportunities than just being a financial advisor.
Answer 6 :
Depends where you want to be in your maistream career. Degree in accounting and degree in finance have some similar start in initial stage of career, but it differs in the mid and mature career stages. You don't have to obtain either degree to be a financial advisor. What if you try finance degree and then obtain CFA? Try it, you will have glittering career in investment field.
Answer 7 :
You will have better opportunities later on if you decide to train as a chartered accountant. Once you qualify for your ACA/ACCA/CIPFA etc.. your salary will probably double at least. You can get all the training paid for you if you join a public practice company, like one of the Big Four. Accountancy is probably more prestigious than being a financial advisor as you don't need a degree to be a financial advisor. Financial advisor role is more of a sales job aswell. Futhermore, after you have your ACA/ACCA etc.. you can work in industry i.e for big investment banks or blue chip mutinationals and earn a lot of money. Be warned however, training to be a chartered accountant is not easy, thus a good academic background is needed to get on one of the training contracts. Btw you do not need a degree in accountancy to be accepted on to a training contract. Most ppl in the big four come from backgrounds other than accounting. However you most probably need a 2.1 degree plus good A levels to stand a good chance of being accepted.
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i cant decide whether to take a degree in Accounatcy or take up a degree for becoming a financial adviser Can people please tell me which would be the best carrer in thier opinion and if i could be an accountant and then an financial adviser
Financial Services - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You will understand the role of financial advisor better with an accounting degree. Financial advisor is a sales position, accounting is a numbers position.
Answer 2 :
Get a double major then sit for your CPA.
Answer 3 :
To be a financial advisor you don't need a degree so it is the easier route of the two, and more lucrative if done offshore. Accountancy is more to do with crunching numbers. A finanacial advisor requires more interpersonal skills.
Answer 4 :
Your career will take off faster if you have a CPA or similar certification. A CPA could easily become a financial adviser later in life if they so choose.
Answer 5 :
I am at a very young age and I just recently got a job as a Credit counselor which is almost like a financial advisor and obviously did not need any kind of degree to take the job. Im sure with an accountant degree you have more job opportunities than just being a financial advisor.
Answer 6 :
Depends where you want to be in your maistream career. Degree in accounting and degree in finance have some similar start in initial stage of career, but it differs in the mid and mature career stages. You don't have to obtain either degree to be a financial advisor. What if you try finance degree and then obtain CFA? Try it, you will have glittering career in investment field.
Answer 7 :
You will have better opportunities later on if you decide to train as a chartered accountant. Once you qualify for your ACA/ACCA/CIPFA etc.. your salary will probably double at least. You can get all the training paid for you if you join a public practice company, like one of the Big Four. Accountancy is probably more prestigious than being a financial advisor as you don't need a degree to be a financial advisor. Financial advisor role is more of a sales job aswell. Futhermore, after you have your ACA/ACCA etc.. you can work in industry i.e for big investment banks or blue chip mutinationals and earn a lot of money. Be warned however, training to be a chartered accountant is not easy, thus a good academic background is needed to get on one of the training contracts. Btw you do not need a degree in accountancy to be accepted on to a training contract. Most ppl in the big four come from backgrounds other than accounting. However you most probably need a 2.1 degree plus good A levels to stand a good chance of being accepted.
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can i become an accountant if...?
can i become an accountant if...?
ok if iam in middle set in school and im in yr 9 can i still become an accountant. im 13 yrs old at the moment and i have hopes to become an accountant in the furure. so um..if you could help answer my question, i would really appreciate it :P thank you *-* also how much do they get paid?? and how many years of uni for an accountant?? sophie
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I just scraped a C for maths at GCSE. I started working in admin, and raising the occasional invoice. This got me a job as a sales ledger clerk, got promoted to sales ledger supervisor, then I started temping. I did a few asisstant accountant roles, then management accounting, then company accountant. I have no qualifications (other than GCSEs) and now earn £200 per day. This is more than some qualified accountants earn as I have also developed good IT skills. Try and do your work experience in accounts office. Then leave school, start working in accounts, and study for your acca or cima during weekends / evenings. Your experience will take you further than some peoples qualifications...
Answer 2 :
Going through university (degree) is not the only way to become an accountant. There are other methods: - Vocational qualification (not as expensive as a degree and you become professionally recognised in your field) - On the job training (start off elsewhere as the above has said and get some exposure before moving up) Depending on where you plan to go, you can earn anything from £1k (before tax) a month to £1k a week (after tax) without any diffculty. All you need is some basic understanding of "money in to you" means "money out somewhere else" and the rest can be taught. For work experience, try to get a job within an Accountancy practice to see if you like it. It isn't everyones cup of tea.
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ok if iam in middle set in school and im in yr 9 can i still become an accountant. im 13 yrs old at the moment and i have hopes to become an accountant in the furure. so um..if you could help answer my question, i would really appreciate it :P thank you *-* also how much do they get paid?? and how many years of uni for an accountant?? sophie
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I just scraped a C for maths at GCSE. I started working in admin, and raising the occasional invoice. This got me a job as a sales ledger clerk, got promoted to sales ledger supervisor, then I started temping. I did a few asisstant accountant roles, then management accounting, then company accountant. I have no qualifications (other than GCSEs) and now earn £200 per day. This is more than some qualified accountants earn as I have also developed good IT skills. Try and do your work experience in accounts office. Then leave school, start working in accounts, and study for your acca or cima during weekends / evenings. Your experience will take you further than some peoples qualifications...
Answer 2 :
Going through university (degree) is not the only way to become an accountant. There are other methods: - Vocational qualification (not as expensive as a degree and you become professionally recognised in your field) - On the job training (start off elsewhere as the above has said and get some exposure before moving up) Depending on where you plan to go, you can earn anything from £1k (before tax) a month to £1k a week (after tax) without any diffculty. All you need is some basic understanding of "money in to you" means "money out somewhere else" and the rest can be taught. For work experience, try to get a job within an Accountancy practice to see if you like it. It isn't everyones cup of tea.
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Who is an accountant?
Who is an accountant?
Is anyone here an accountant or do you know anyone who is one? If yes, what kind of accountant are you/they and what does the job entail (what do you do, what skills does the job require, what kind of person do you have to be and what do you learn from your job - how does it develop your career?). I just need to know your opinion on what being an accountant is like and whether the profession is any good as I'm thinking of studying to become one. Cheers! P.S. If you could tell me where you work and how the organisation is useful to your career etc would be brilliant!
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
My degree is in Accounting. I loved it for many years but got burned out because I got tired of doing the same thing each month. I'm now in Banking and Finance and still use my degree; but I do a variety of things and it keeps me interested I worked for a Oil & Gas company as Assistant Comptroller and my duties included: balancing the books each month, journal entries etc. Now I work for a local bank
Answer 2 :
Not me but my Husband is a NHS Management Accountant in a Birmingham Hospital. He has recently gained an ACCA qualification which can be used in both the public and private sector, and was part-sponsored by the NHS Trust he works for. I know everyone jokes about accountants personalities, but my Husband is great, not boring at all, he just loves working with numbers and likes the fact he meets with lots of different budget holders in the NHS. So I guess if you like numbers and people, and don't mind the hard work involved in gaining the qualifications - go for it. P.S my husband didn't start off in finance, so don't feel you have to do an Accountancy Degree first. Good Luck, hope this helps.
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Is anyone here an accountant or do you know anyone who is one? If yes, what kind of accountant are you/they and what does the job entail (what do you do, what skills does the job require, what kind of person do you have to be and what do you learn from your job - how does it develop your career?). I just need to know your opinion on what being an accountant is like and whether the profession is any good as I'm thinking of studying to become one. Cheers! P.S. If you could tell me where you work and how the organisation is useful to your career etc would be brilliant!
Higher Education (University +) - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
My degree is in Accounting. I loved it for many years but got burned out because I got tired of doing the same thing each month. I'm now in Banking and Finance and still use my degree; but I do a variety of things and it keeps me interested I worked for a Oil & Gas company as Assistant Comptroller and my duties included: balancing the books each month, journal entries etc. Now I work for a local bank
Answer 2 :
Not me but my Husband is a NHS Management Accountant in a Birmingham Hospital. He has recently gained an ACCA qualification which can be used in both the public and private sector, and was part-sponsored by the NHS Trust he works for. I know everyone jokes about accountants personalities, but my Husband is great, not boring at all, he just loves working with numbers and likes the fact he meets with lots of different budget holders in the NHS. So I guess if you like numbers and people, and don't mind the hard work involved in gaining the qualifications - go for it. P.S my husband didn't start off in finance, so don't feel you have to do an Accountancy Degree first. Good Luck, hope this helps.
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