How to Become a Self-Employed AAT Licensed Bookkeeper?
Becoming a Self-Employed AAT Licensed Bookkeeper could be an incredible alternative for you after getting the right bookkeeping qualifications and courses.
Table of Contents
- What is AAT?
- What are the steps involved to become a certified bookkeeper?
- Initial Step
- What if you don’t have any past accounting experience?
- AAT Level 3
- Experience and Legal Recognition
- How to gain practical experience after your studies?
- What to consider before you become self-employed?
- How would AAT help you draw in new customers?
- Will I require a wide variety of skills to be successful?
- Is having a business website beneficial?
- How can you be awarded professional recognition and status?
What is AAT?
The Association of Accounting Technicians (AAT) is the UK's leading body for professional bookkeepers. AAT's bookkeeping qualifications and professional memberships are recognized in more than 90 nations throughout the world. So holding the qualifications and membership publicizes trust, credibility and professionalism to employers and clients and is certainly something to be proud of.
What are the steps involved to become a certified bookkeeper
Here, we guide you through perhaps the most immediate bookkeeping course to become a certified bookkeeper.
1. Initial Step
The AAT (Association of Accounting Technicians) qualification is the base needed for a certified bookkeeper. It's popular with those with no proper formal qualification as an entry course to becoming a bookkeeper.
2. What if you don't have any past accounting experience?
If you have no past accounting or bookkeeping experience, your AAT journey will start with the Level 2 Foundation Certificate in Bookkeeping. This qualification comprises two units - Bookkeeping Transactions and Bookkeeping Controls - and two tests to be sat at an assessment centre close to you. The course, for the most part, requires close to 90 days to finish.
3. AAT Level 3
Once AAT level 2 is passed, it's an ideal opportunity to utilize that knowledge to study the AAT Level 3 Advanced Certificate in Bookkeeping. The three units (and three exams) provide training across Advanced Bookkeeping, Final Accounts Preparation and Indirect Tax and can generally be completed within six months.
4. Experience and Legal Recognition
You're prepared to apply to the AAT to become an Associate Bookkeeper and gladly show the letters AATQB after your name. This progression should run close to the others, starting, if conceivable, toward the beginning of your journey to become a self-employed accountant.
5. How to gain practical experience after your studies?
Finding out proper full-time positions can be a test before you become qualified. If you can't discover paid work straight away, volunteering in a financial role is an optimal method to extend your insight and abilities. This won't just make it simpler for you to acquire paid experience in a firm. However, it will give you the practical experience you need to set up alone.
6. What to consider before you become self-employed?
While AAT qualifications cover all you require to practice as a bookkeeper or accountant, it is fundamental to acquire useful knowledge of the frameworks and techniques you will utilize so everything moves along as planned from the beginning.
You are ready to strike out independently when fully qualified and have a few years of experience under your belt. Before embarking on your solo venture, however, you should consider the legal requirements that go with setting up your practice:
- It would be best if you tell HMRC when you begin working for yourself and obtain a unique agent code from them.
- It is a legal requirement that any individual or firm providing an accountancy service in the UK be registered with and monitored by a recognized supervisory authority. Approved Supervisory authorities include AAT, ACCA, CIMA and so forth.
- You will hold individual information on your customers; thus, you must notify the Information Commissioner (ICO).
- If you are trading in the UK, it's recommended you buy Professional Indemnity Insurance (PII). It will protect you against legal action taken by your clients in the case of mistakes.
7. How would AAT help you draw in new customers?
Turning into an AAT licence holder doesn't simply give you the option to offer self-employed services. It likewise gives you admittance to loads of resources intended to assist you with fostering an effective business.
These incorporate systems administration openings, free helplines, discounted CPD resources and the chance to utilize the AAT official member logo on your site and business materials. So, plenty of support is available whether you are setting up as a sole trader or planning to launch a business.
8. Will I require a wide variety of skills to be successful?
Having new clients is the bloodline of each business. The traditional methods of getting clients have changed substantially, and you currently should be more innovative and utilize various techniques to get your name out there. Systems administration and using web-based media can assist you with growing your customer base, just as gain support from different individuals in practice.
9. Is having a business website beneficial?
Additionally, it's smart to have your website, as an enormous number of your clients will be looking for accounting services on the web. From that point, you can start to develop an online presence for your business, just as meeting possibilities eye to eye.
How can you be awarded professional recognition and status?
Traditionally, AAT awarded professional recognition and status (designatory letters MAAT) to those holding the AAT Level 4 Bookkeeping qualification and the equivalent of one year's full-time work experience.
More recently, AAT acquainted the chance of to be awarded professional recognition and status (designatory letters AATQB) to understudy individuals that have accomplished the accompanying AAT Level 3 Accounting courses/modules (or same):
- Advanced Bookkeeping
- Final Accounts Preparation
- Indirect Tax (VAT)
Individuals that need to set up their own business can apply to become Licenced Bookkeepers or Licenced Accountants.
If you need to know about becoming AAT qualified or want to learn more about becoming a self-employed accountant, reach out underneath if it's not too much trouble.
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