About Bookkeeping and Accounting – As a Business or Profession

It is a legal requirement in the UK for a business to keep accurate up to date records regardless of size. Moreover, failure to do so can result in fines and even imprisonment for serious offenders. Therefore it is vitally important for all businesses to have someone suitably knowledgeable or qualified to deal with the bookkeeping and accounting, whether it is the owner of the business when it is relatively new or a qualified Bookkeeper or Accountant.

You don’t need a string of GCSE’s, ‘A’ Levels or college certificates to complete our unique style Bookkeeping courses or indeed to be a successful Bookkeeper.

Bookkeeping is based on logic and common sense, and indeed many of our successful students, now qualified bookkeepers left school with little more than a frown.

Bookkeeping is a highly respected profession. Over time you develop knowledge and understanding of different types of businesses and how to manage their finances using the latest methods and technology working on a level par with business owners, accountants and degree standard professionals.

Although we constantly hear about household names and brands disappearing from our High Streets, the current statistics show that the new generation of businesses and enterprise is growing at quite a steady rate. With recession people always lose jobs, and for some, it becomes the ideal time to take the plunge and make the big step into Self Employment. Some of these new businesses will become Household names and major employers in the future.

There were a record 5.5 million private sector businesses at the start of 2016.

This is an increase of 97,000 since 2015 and 2.0 million more since 2000.

The number of employing businesses increased by 14,000 and the number of sole trader/self-employed businesses by 84,000, with the annual growth for both groups being around +3%.

With around 4,000 registered bookkeeping businesses in the UK, this equates to 1,350 potential clients for every Bookkeeper. It is clear to see that there are is a huge shortage of Qualified Bookkeepers in the UK, and at the current rate of business growth we may never fulfil the demand.

Detailed statistics can be found in this article published by the Federation of Small Business https://www.fsb.org.uk/stats

The first goal is Level 2, whereby upon completion, it is possible to apply for jobs. Our specially designed packages are completely up to date with industry standards in order to provide you with the best possible opportunities in the job market.

We also have a no obligation free trial that you can take:

request free trial

Furthermore, as a newly enrolled student, you will have the opportunity to join our Facebook student community page ‘Student Street‘. Details will be e-mailed to you once you have been registered on our system.

Click the heading to view the full range of ICB Bookkeeping courses on offer.