Many jobs had to quickly adapt to the change brought by the Corona Virus and the teaching sector is one of the ones that suffered the most from it, not just because we have gone from face-to-face to online classes, but because the dynamics of looking for work and getting hired have also changed.


If before, the path for a teacher was mostly about sending his CV to many schools, hoping to find work in one of them, now there is greater precariousness, contracts are shorter and the job search is more continuous. Working online has also widened the possibilities: instead of only looking for schools in our city, now we have the whole world available. It is easier to find our students without the need for intermediaries and we can work for several schools at the same time. And let’s not forget that we can do it from home if we want to. That’s why so many old and new teachers have decided to become freelancers, instead of continuing to look for a steady salary.

Even if being self-employed can give more satisfaction, it also brings more commitment and responsibility, and especially at the beginning, this is something that intimidates many. Accounting is certainly one of the aspects that require more attention and are more difficult to manage. 

Gillian Perkins is an American entrepreneur and a Youtuber who has created a course for those who want to work independently and open their own small business. On Youtube, you find a series of free and very interesting videos to get started with. 

This is an especially useful video. Here, Gillian offers an overview of the main terms related to bookkeeping that you should know, and their meaning, explained in a simple way:

  • Asset
  • Liabilities
  • Equity
  • Balance sheet
  • Cash flow
  • Cash flow statement (difference with Balance sheet)
  • Profit and loss statement (aka Income statement)
  • Revenue
  • Profit (difference between Gros profit and Net profit)
  • Accounts receivable
  • Accounts payable

If you recently opened a business or you are thinking about doing so and you have trouble with understanding those expressions, then this video will help you.

Here you will find also an overview of the following:

  • Basic Financial Terms
  • Separating Business and Personal
  • Investing In Your Business
  • Bookkeeping Software
  • Simple Spreadsheet
  • First Steps You Should Take
  • Setting Up Your Spreadsheet

If you like her style and want to learn more about building up your business, take a look at her website: https://gillianperkins.com/