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Trying to decide if book-keeping is viable at my late age?

  • 1 post
  • # 71142

Hi

Just found this site---looks very good

I'm still trying to understand all these various qualifications and bodies awarding them

Ex-IT background -- in the developent of  Financial and Production Systems for BAe.

However, not any Financial Accounting experience to speak of-but Cost Accounting & Mgt Accounting-but specialized of course for a massive amount of transactions in both  parts and labour-so won't be much use I suspect

Expert at Excel and most packages - and can learn new subjects easily-- specializing as a hobby in devising spreadsheets for claiming back bank charges and mis-sold PPI across several forums.

Retired (67)--but learnt Turbocad and use it as a part-time conservatory designer and in planning applications for councils.

Need a new interest as Conservatory sales hit rock bottom in current climate, and also to top up my pensions income - but I won't be dependent on it - so I want to work from home ideally part-time

Got intersted in changing direction and book-keeping seemed a possibility - after discussing with a friend (Milly88)

Been exploring options and training at Goldings in Hull (Sage specialists) and getting overawed by the costs of me getting L2 in Computerised Book-keeping with Sage--and then the outlay to follow for subsequent clients. Need to discuss on forum + realistic expectations re finding clients and possible charging rates etc.

Will post up where I am at in my current thinking shortly with specific queries when I have got my thoughts together---however--for starters

As I've described---i'm on a "standing start"!

----exploring options --I don't want to put all the responsibility on dear Millie88  who I know personnally as a friend in this area,and have met socially also---so good that I've found a site with lots of contributors so I don't put too much pressure on her

Latest info from my association with Goldings of Hull (will discuss general things later) is Pricing.

6 training modules available in conjustion with IAB

They reccommend I go for the new Computerised Accounting for Business Level 2--(as I feel I'm not going to be accepted into a new area unless I have some qualification-as no experience)

Was £650 testerday-today in my area postcode Goldings been awarded a grant system for Self Employed (I qualify)---so instead of £650 its (£325 +20%)-Tax setoff =£312 in real terms

Course is both a manual bookeeping plus Computerised Accounts-with use of Sage 50 Level 2 throughout


So its worth the effort I think---comments?

http://www.gcs-limited.com/

Further queries to come in droves re realistic assumptions of success----but I need to get my head round these qualifications first

  • Member
  • 495 posts
  • # 71158

Hi - welcome!

First thoughts? I'm 43 and just starting the ICB900 course, I think it will take 2 to 2.5 yrs to complete! Too old - you are never too old!

My background is a maths and computing double major - but very little work exp as I have spent the last 14 odd years raising kids :)

I think the course you mentioned looks ok... It has the manual as well as the computer elements but have you checked if the ICB will accept it? I was doing C&G and got told they would not accept them for exemption - and having now seen the ICB lv1 I can see why - it's C&G lv2 with extras!

How important is professional membership to you?

For me it is important - the fact that you posted here suggests you also think so :) Especially as you want that practice licence.

Good luck with whatever you decide

Theresa 

  • 50 posts
  • # 71192



Edited at 21 May 2011 07:11 PM GMT

  • 50 posts
  • # 71193

Turbs said:

“Hi

Just found this site---looks very good

I'm still trying to understand all these various qualifications and bodies awarding them

Ex-IT background -- in the developent of  Financial and Production Systems for BAe.

However, not any Financial Accounting experience to speak of-but Cost Accounting & Mgt Accounting-but specialized of course for a massive amount of transactions in both  parts and labour-so won't be much use I suspect

Expert at Excel and most packages - and can learn new subjects easily-- specializing as a hobby in devising spreadsheets for claiming back bank charges and mis-sold PPI across several forums.

Retired (67)--but learnt Turbocad and use it as a part-time conservatory designer and in planning applications for councils.

Need a new interest as Conservatory sales hit rock bottom in current climate, and also to top up my pensions income - but I won't be dependent on it - so I want to work from home ideally part-time

Got intersted in changing direction and book-keeping seemed a possibility - after discussing with a friend (Milly88)

Been exploring options and training at Goldings in Hull (Sage specialists) and getting overawed by the costs of me getting L2 in Computerised Book-keeping with Sage--and then the outlay to follow for subsequent clients. Need to discuss on forum + realistic expectations re finding clients and possible charging rates etc.

Will post up where I am at in my current thinking shortly with specific queries when I have got my thoughts together---however--for starters

As I've described---i'm on a "standing start"!

----exploring options --I don't want to put all the responsibility on dear Millie88  who I know personnally as a friend in this area,and have met socially also---so good that I've found a site with lots of contributors so I don't put too much pressure on her

Latest info from my association with Goldings of Hull (will discuss general things later) is Pricing.

6 training modules available in conjustion with IAB

They reccommend I go for the new Computerised Accounting for Business Level 2--(as I feel I'm not going to be accepted into a new area unless I have some qualification-as no experience)

Was £650 testerday-today in my area postcode Goldings been awarded a grant system for Self Employed (I qualify)---so instead of £650 its (£325 +20%)-Tax setoff =£312 in real terms

Course is both a manual bookeeping plus Computerised Accounts-with use of Sage 50 Level 2 throughout


So its worth the effort I think---comments?

http://www.gcs-limited.com/

Further queries to come in droves re realistic assumptions of success----but I need to get my head round these qualifications first




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