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Lightcast Skills Taxonomy

Small Business Accounting

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Small Business Accounting refers to the systematic process of recording, analyzing, and reporting financial transactions for small enterprises. This skill encompasses the management of financial statements, budgeting, and tax compliance, wh...

Skills CategoryFinance
Skills SubcategorySpecialized Accounting
Skills TypeSpecialized Skill
Specialized Tags-

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Certified Bookkeeper

Certified Bookkeeper (CB) is a professional certification offered by the American Institute of Professional Bookkeepers (AIPB) to individuals who demonstrate their proficiency in bookkeeping principles and practices, including general ledger, accounting software, payroll, and financial statements. The certification requires passing a two-part examination and meeting certain education and experience requirements. CBs are recognized as knowledgeable and skilled bookkeeping professionals, capable of providing accurate financial information to businesses and organizations.

Credit Card Reconciliations involve comparing credit card transactions with financial records to ensure accuracy and identify discrepancies. This process includes verifying charges, resolving errors, and maintaining accurate financial documentation.

QuickBooks is an accounting software designed for businesses of all sizes. It helps users manage their finances, track income and expenses, create invoices, pay bills, and manage payroll. The software is user-friendly and customizable, making it easy for businesses to track their financial transactions and gain insights into their financial status. QuickBooks is used by millions of businesses worldwide and is one of the most popular accounting software options available.

Use Tax refers to a tax imposed on the use of goods and services that are purchased without paying sales tax, typically when items are acquired from out-of-state vendors. This skill involves understanding the regulations and compliance requirements associated with calculating and reporting use tax obligations. Knowledge of Use Tax is applied to ensure accurate tax filings and to avoid potential penalties by tracking purchases and determining the appropriate tax rates. It is essential for maintaining compliance with state tax laws and managing financial liabilities related to taxable transactions.

Xero is cloud-based accounting software that is designed for small and medium-sized businesses. It provides features such as invoicing, payroll, expense tracking, bank reconciliation, and financial reporting. Xero allows users to manage their finances from anywhere, anytime, and on any device. With its user-friendly interface and advanced reporting capabilities, Xero helps businesses save time and improve their financial performance. A person with Xero skills must be able to understand and use the software effectively to manage a company's accounts and financial transactions.

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This skill is part of the Lightcast Skills Taxonomy, a library of over 35,000 job related skills. It is the standard used by higher education institutions, public sector organizations and Fortune 500 companies around the globe.

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