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Portsmouth Accounting tutors

Book Top-Rated Accounting Tutors Near Me In Portsmouth, NH

Our Portsmouth Accounting tutors are top college students and graduates from local area universities. They have an average GPA of 3.5 or higher in their areas of tutoring specialization. At Frog Tutoring, we work with students in all grade levels and our Portsmouth private Accounting tutors provide customized one on one in-home tutoring through our proven three step approach to academic success.

1.Bring student up to speed by reviewing past work to ensure they are not missing any important concepts that might affect their abilities to learn future lessons. 2. Keep student ahead of the class by using the teachers lesson plan, textbook, and online curriculum to cover lessons before it is taught in class. 2. Reinforce key concepts they might have missed. This ensures they will never be behind again. Your tutor will also help with organization, study skills, and note taking strategies.
Your Portsmouth area Accounting tutor will also track student progress through detailed session reports which will be available to you at the end of each tutoring session. If it is okay with you, your tutor will contact your child's teacher, for K-12, to get a more detailed understanding of what they are struggling with and also to make sure that he/she and the teacher are both on the same page in their approach to tackling the problem.

Browse our list of qualified Accounting tutors below. If you are in need of an Accounting tutor in Portsmouth, please call us or simply go to the tab above and Request a Tutor and let us help provide the understanding and assistance needed for success.

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List of High-Achieving Accounting Tutors Near Me In Portsmouth, NH For In-Person & Online Tutoring


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Our Students and Parents Love Us
as Much as We Love Them

RH
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Dana is very knwoedgable, especially with anatomy. I was a earning around an 80-84 percent(C) in my medical program exams. With Dana's assistance and vast knowledge in this subject I have passed a written exam AND a practical with a 92(A)!!! Dana positively encourages/challenges her students...

LC
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Sunita Woodcheke has not only demonstrated an extraordinary commitment to my child's academic progress but has also exhibited remarkable patience, enthusiasm, and expertise in their teaching approach. Through personalized lessons and tailored guidance Sunita has fostered a supportive learning...

SM
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Kevin is knowledgeable about math, and he knows how to teach. I’m very rusty on my skills, but he’s been nothing but patient with me. He absorbs my weaknesses and focuses on what I need help with. I appreciate all he’s done so far.

TG
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McKenna has done a great job of working with my daughter on geometry.

TM
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school rating and grades improved.

NC
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I am so happy with this tutoring, my son is engaged all the time. He loves to work in the computer and the activities that they do during the tutoring. She used many different way and form in order to keep him engaged.

EC
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Annie is great!!!!

EC
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Madi is fantastic!!

NT
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I don't sit next to my 9yo during sessions, and this is the first time I ever used a tutor. I can tell you that using a tutor eliminates all the fighting and whining from my kid about doing homework which makes me very happy. They get a lot done during an hour. The tutor is focused, prepared,...

PM
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Fabulous. Olivia is engaging, knowledgeable, and a delight to work with. Highly recommend. Always punctual. Always reliable. Always helpful. Competent with both homework help and direct instruction.

CH
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Extremely knowledgeable and gave direct examples of certain concepts I had trouble with. He also helped assess some of the specific terminology that I need to look for on the exam.

TG
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Chigbo explains concepts in a way that makes it easy to understand. My daughter's understanding and confidence had a real boost in just two days.

JE
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Matthew was very knowledgable in the CFP topics and is very flexible with his ability to review materials and go through the questioning.

KK
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Ivan is absolutely amazing with his knowledge, He is my tutor for college level pre-calculus and I can confidently say that I would not be able to get through my class without ivans help with the class material. He has great patience and will explain and walk you through each problem until you need...

AC
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Very encouraging and goes at a good pace which has been immensely beneficial. Very punctual, there's never been any issues with scheduling. Overall, I have been enjoying my sessions and I look forward to more as he helps me prepare for my ACT.

CP
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Taitana Has tutored my daughter in math and english, she has my daughter think differently in problem solving and expanded her vocabulary. She never gives you the answer but helps you solve a problem together for my daughter to understand why the problem or word is not correct. Will request her...

NB
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So far so good

ER
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Very encouraging, and I enjoy working with her

CO
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My son has been with Barjeana for a few sessions now and loves her! She is so knowledgeable and patient. Best of all she makes the sessions fun and interactive. He struggles with focus, but she keeps him engaged in the session and on track. He looks forward to his tutoring with Ms. Barjeana. ...

IB
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He was great and very knowledgeable on the subject of chemistry, however there was a language barrier

GG
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Excellent tutor! He is very knowledgeable of the content! Our son has improved his grades since he started with Mr. Lopez!

KW
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Mario takes his time explaining each concept. I am finally understanding the subject and my test grades have approved drastically.

DY
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Excellent experience. Very good teacher

AJ
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I think Lisa Chaney is a great tutorial but I also think Corwon need a little more practice.

JB
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Hi my name is Jarian Brooks and I would recommend Greg to anyone who needs tutoring. I'm very pleased and very happy with the changes in my daughter with Greg.

DH
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McKenna has a good grasp of the AP pre-calc work that my daughter is work that my daughter is doing. She's able to help explain in a way that makes sense and has resulted in a benefit of my daughter turning her grades around significantly. I would gladly recommend McKenna for tutoring AP...

NH
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Carols warmth, experience and ability to truly connect with children is priceless. So happy we chose Frog tutoring!!!

KP
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Jade has a talent for working with school students. She is meticulous in her planning and focuses on helping children improve in specific areas. I highly recommend her teaching methods. Additionally, she is proactive in informing us of any potential issues in advance. We truly appreciate her...

RS
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she is so patient and very interactive, my son needs to be engaged and shes
doing great in that regard.

RS
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wonderful experience, my son likes lisa, shes taught him things he didnt know before and he is more confident.

Ya
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{not commented yet}she is very professional and patience with my son I like the strategy she use working with him. She have great knowledge on tutoring

HC
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Very helpful

HC
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Jade deserves thousands of stars. Best tutor I have ever had. She explains things in a clear concise manner. He knowledge base is amazing. She is amazing and I am so grateful for her help!!!!!!

IR
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Gregory excels as a tutor, demonstrating a genuine passion for teaching and a deep commitment to facilitating student learning. He meticulously delves into the intricacies of concepts, ensuring a thorough understanding by students. Gregory effectively uses examples to actively engage students in...

NM
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Jessie has been awesome with my kids. My daughter struggled with math last year, and Jessie got her completely up to speed in being an A student!

NY
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{not commented yet}
Carol was wonderful. My child has a lot of energy and Carol was able to work with her and engage her in the lesson. Carol has so many ideas and resources at the ready to shift my child's focus back to the lesson. I'm looking forward to continuing with these sessions...

KC
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Very helpful and thorough when working with my son. She was very knowledgeable and could convey my son's learning material in a way that he understood. He went from AB Honoroll to A Honoroll! Thank you, Olivia!

RS
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We had a few sessions with Ms. Barron virtually and it was amazing to see how creative she was explaining the reading concepts to my 5 year old. We initially had some technical difficulties but she did a great job with improvising to ensure my daughter had a productive session. overall, i enjoyed...

RS
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Mr. Forster has been amazing for my 7 year old daughter. I requested tutoring primarily to help her with math. Coming out of first grade, she seemed to be struggling a little so over the holidays, i started her on tutoring to prepare her for 2nd grade. Over the past few months, her knowledge and...

LW
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AJ was very patient and knowledgeable of the content. He provide a very detailed and concise explanation with care which helped to ease my anxiety about math.

AP
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Kevin has been absolutely wonderful and patient while helping me prepare for my upcoming TEAS test exam. He explains things very thoroughly and takes time to make sure that I really understand the material being presented. I am very happy to have him as a tutor and he has helped me with a lot in...

JS
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Izzy was a great tutor. She clearly knew the subject matter.

TR
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Paul was knowledgably and friendly. He was always flexible, and worked around what was convenient for me.

D.
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great on helping me understand key concepts and helped with providing practice which allowed me to excel in my class

D.
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helped with my understanding of code and was able to do a great job on the AP exam

Es
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Very humorous and fun approach to physics. He makes physics interesting to learn.

AM
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I loved working with her. She set up a very comforting environment for me and was extremely understanding of anything I struggled with, not only that but I enjoyed being able to converse with her on how my brain works during tests and she gave me the appropriate amount of advice to overcome my...

KR
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Varre has done a wonderful job of tutoring my high school junior in both AP Physics and accelerated junior year math (Precalculus.). Prior to working with Varre, my son’s grades had been slipping and he was struggling with the concepts in both courses. Varre worked with him for a few weeks and...

SF
Knowledge
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Francisco is a wonderful tutor. My son is in college and we have used Frog Tutors off and on through high school and a couple of times since he's been in college. Francisco is not only very knowledgeable but the way he presents the material and re-teaches concepts is incredible. My son was...

NM
Knowledge
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Alex was my tutor for my Fall 2023 OSM 202: Intro to Business Analytics Course. He was always available, energetic, and open to all situations. We encountered a difficult situation in this course almost on a weekly basis and even when I became very frustrated, Alex knew how to calm me down. I...

Qualification and Certification of Accounting Tutors Near Me In Portsmouth, NH


  • Undergraduate
  • Bachelor degree holders
  • Master degree holders
  • Ph.D. holders
  • Teaching Certification
  • Professional Certificate
  • Background checks
  • Tutoring experience
  • Continuous education
  • FrogTutoring verification certification

Portsmouth, NH Accounting Tutoring Rates


  • Price range from $37/hr - $65/hr
  • Rates vary based on the type of tutoring, methods used, and the number of hours required.
  • Contact our enrollment team to receive your personalized rate.

Tutoring Methods of Our Private Tutors In Portsmouth, NH


  • In-person/in-home tutoring
  • Online tutoring
  • One-on-one tutoring
  • Group lessons tutoring.

Tools We Use For Online Accounting Tutoring


  • Zoom
  • FrogTutoring custom online tutoring platform
  • The Lesson space

Our Accounting Clientele In Portsmouth, NH


  • High school students
  • Middle school students
  • College students
  • Adults
  • Special needs students

Tutoring Locations For Accounting In Portsmouth, NH


  • Student homes
  • Public Libraries
  • Portsmouth neighborhoods and suburbs

Sign up now for our one-on-one private Accounting tutoring in Portsmouth, NH


Portsmouth, NH Tutoring FAQ

What are the benefits of private tutoring in Portsmouth, NH?

Private tutoring in Portsmouth, NH offers personalized educational support tailored to the individual's learning style and pace. This approach enhances comprehension, boosts confidence, provides specific skill development, offers flexible scheduling, and can lead to improved academic performance.

How do I choose the right tutor for my child in Portsmouth, NH?

To choose the right tutor for your child in Portsmouth, NH, consider the tutor's qualifications, experience, and teaching style, as well as your child's needs and personality. FrogTutoring, for example, matches students with tutors who have expertise in specific subjects and a track record of fostering improvement and confidence in students.

Are there tutors in Portsmouth, NH who specialize in SAT/ACT prep?

Yes, there are tutors in Portsmouth, NH who specialize in SAT/ACT prep. Organizations like FrogTutoring offer dedicated tutors who can provide students with strategies for test-taking, in-depth knowledge of test formats, and practice with real exam materials to improve their scores.

Can tutoring services in Portsmouth, NH assist with college admissions?

Tutoring services in Portsmouth, NH can indeed assist with college admissions. Tutors can help students optimize their college applications, craft impressive personal statements, prepare for interviews, and improve SAT/ACT scores. FrogTutoring, for example, provides personalized college admissions guidance.

What tutoring subjects are available in Portsmouth, NH?

In Portsmouth, NH, students can find tutoring services for a wide range of subjects including math, science, English, foreign languages, and more. FrogTutoring caters to an extensive variety of subjects, catering to students' diverse academic needs from elementary through college levels.

Is online tutoring available for students in Portsmouth, NH?

Online tutoring is available for students in Portsmouth, NH, and offers a convenient and effective way to learn from home. Platforms like FrogTutoring provide virtual one-on-one sessions with qualified tutors, using interactive tools to create an engaging learning experience.

How can tutoring help with learning disabilities in Portsmouth, NH?

Tutoring can help students with learning disabilities in Portsmouth, NH by offering personalized support and strategies tailored to the student's unique challenges. Tutors, such as those from FrogTutoring, are trained to provide specialized instruction that caters to different learning disabilities, promoting progress and building self-confidence.

What's the average cost of tutoring in Portsmouth, NH?

The cost of tutoring in Portsmouth, NH can vary depending on the subject, tutor's qualifications, and the length of sessions. FrogTutoring offers competitive pricing and works to match students with affordable tutoring options that meet their educational needs and budget constraints.

How to find after-school tutoring in Portsmouth, NH?

To find after-school tutoring in Portsmouth, NH, you can search online for local tutors, ask for recommendations from school teachers, check community bulletin boards, or contact tutoring providers like FrogTutoring, who offer convenient, after-school tutoring sessions tailored to your child's needs.

Can I find a math tutor for my high schooler in Portsmouth, NH?

Yes, you can find a math tutor for your high schooler in Portsmouth, NH. Services like FrogTutoring have experienced tutors proficient in high school math curriculum, including algebra, geometry, calculus, and more, who can provide help tailored to your student's academic requirements.

Accounting FAQ

What is accounting tutoring?

Accounting tutoring is a form of personalized instruction focused on the subject of accounting, which includes understanding financial statements, bookkeeping, tax principles, auditing, and various accounting practices and standards. It is designed to help students and individuals gain a deeper comprehension of accounting concepts, improve their grades, prepare for exams, or enhance professional accounting skills.

How can accounting tutoring help improve my accounting skills?

Accounting tutoring can help improve your skills by providing one-on-one support tailored to your learning pace and style. A tutor can offer in-depth explanations of complex concepts, practice problems for mastery, real-world examples, and study strategies. This personalized attention can enhance your understanding, increase confidence, and improve academic or professional performance in accounting.

What topics are commonly covered in accounting tutoring sessions?

Accounting tutoring sessions commonly cover a range of topics including basic accounting principles, financial and managerial accounting, cost accounting, tax accounting, auditing, accounting software, financial analysis, and preparation for CPA exams. Sessions can be customized to focus on specific areas where a student may need additional help or practice.

How do I find a qualified accounting tutor?

To find a qualified accounting tutor, you can search for tutoring services online, ask for recommendations from peers, consult academic advising centers at educational institutions, or use platforms that connect students with professional tutors. Look for tutors with relevant degrees, professional certifications such as CPA designation, and positive reviews or testimonials from former students.

What qualifications should an accounting tutor have?

An accounting tutor should have a strong background in accounting, which typically includes a degree in accounting or a related field, practical accounting experience, and any relevant certifications, like the CPA (Certified Public Accountant). They should also possess good teaching skills and the ability to explain complex topics clearly and effectively.

Can accounting tutoring help me prepare for the CPA exam?

Yes, accounting tutoring can be extremely beneficial in preparing for the CPA exam. A tutor who is familiar with the CPA exam format and content can provide targeted guidance, test-taking strategies, and practice questions to enhance your understanding of the material and increase your chances of passing the exam successfully.

Common Questions on Accounting Tutors

How can an accounting tutor help me improve my grades?

An accounting tutor can provide personalized, one-on-one assistance to help you better understand accounting principles, improve your study habits, and grasp complex topics such as financial statements and tax laws. A tutor can also help prepare you for exams by offering practice problems and clarifying any points of confusion. If you're seeking to bolster your accounting knowledge and raise your grades, a specialized tutor can offer the targeted support you need. For personalized assistance, click on the link to request a tutor or learn more about our services. Request a tutor.

What qualifications should I look for in an accounting tutor?

When searching for an accounting tutor, you should look for someone with a strong educational background in accounting or a related field, professional experience in accounting, and the ability to teach complex concepts in a way that is clear and easy to understand. Additionally, a good tutor should be patient, communicative, and willing to tailor their teaching methods to suit your individual learning style. For access to qualified accounting tutors, click on the link to request a tutor or to learn more about our services. Find a qualified tutor.

How often should I meet with my accounting tutor for the best results?

The frequency of meetings with an accounting tutor will depend on your individual needs and goals. Some students may benefit from weekly sessions, while others might need more or less frequent help. Assess your coursework requirements, exam schedules, and personal learning pace to determine the most effective tutoring schedule for you. A tutor can also help you create a custom study plan. Ready to create a study plan that works for you? Click on the link to request a tutor or to find out more about our services. Schedule your tutoring sessions.

Can an accounting tutor help me with specific accounting software?

Yes, many accounting tutors have expertise in a variety of accounting software such as QuickBooks, Sage, or Microsoft Excel. They can provide hands-on guidance and instruction on how to effectively use these tools for accounting tasks, bookkeeping, and financial analysis. If you need help mastering accounting software, we have tutors ready to assist you. Click here to request a tutor or to get more information on our services. Learn accounting software.

Is online accounting tutoring as effective as in-person tutoring?

Online accounting tutoring can be just as effective as in-person tutoring, offering convenience, flexibility, and access to a wider range of tutors. With interactive tools such as video calling, screen sharing, and digital whiteboards, online tutoring provides an immersive learning experience. Whether you're looking for in-person or online support, the right tutor can make all the difference. Discover the benefits of online accounting tutoring today. Click the link to request a tutor or explore our tutoring options. Experience online tutoring.

Portsmouth, NH Neighborhoods We Service

Portsmouth, New Hampshire, a historic seaport and beloved city nestled at the confluence of the Piscataqua River and the Atlantic Ocean, boasts a rich tapestry of neighborhoods each with its own unique charm and character. As we delve into this coastal gem, let’s explore the various enclaves that make up the heart and soul of Portsmouth.

Downtown Portsmouth, or often simply referred to as "downtown," is the bustling epicenter of the city, home to Market Square, which is known as the hub of activity. This lively district combines colonial architecture with contemporary flair, hosting an array of shops, art galleries, theaters, and restaurants that attract both locals and tourists alike.

The South End, one of the most picturesque and oldest neighborhoods in Portsmouth, is a showcase of well-preserved colonial homes. With its cobblestone streets and waterfront views, the South End exudes a quaintness that harks back to the city's early days. Strawbery Banke Museum, an outdoor history museum located here, offers a glimpse into the area's past.

Adjacent to the South End is the charming neighborhood of Pleasant Point, where the serene surroundings offer a quieter residential setting. This area is known for its beautiful homes and proximity to the Wentworth-Coolidge Mansion, a historic site with lovely grounds overlooking Little Harbor.

Moving to the North End, Portsmouth’s recent revitalization efforts are apparent with newer developments complementing historic buildings. The North End is experiencing a surge in growth, featuring upscale condos, stylish eateries, and boutiques. This expansion includes the highly anticipated North Mill Pond trail and living spaces, aligning modern living with nature.

Across the causeway lies the memorable and distinct neighborhood of Atlantic Heights. Established during World War I to house shipyard workers, this planned community with its compact, cottage-style homes is prized for its cohesive architecture and community spirit.

Christian Shore, situated along the northwestern edge of the city’s center along the North Mill Pond, is a primarily residential area dotted with a pleasant mixture of older and newly-renovated homes. The neighborhood maintains a quieter, suburban feel while remaining within easy reach of downtown amenities.

Further north is the Woodlands, known for its large homes, spacious yards, and proximity to the urban forest of the city-owned Urban Forestry Center. Residents here enjoy a semi-rural feel while still being a short drive from city life.

In the West End, you'll discover a growing, eclectic area that embraces a vibrant mix of residential and commercial spaces. The recently reborn West End has become a haven for artists and young professionals. Its streets are peppered with cafes, breweries, and artisan shops, making it a trendy hotspot with a strong sense of community.

Finally, there's Frank Jones Farms, a neighborhood named after a 19th-century brewery owner and embracing a sense of seclusion while still being a part of the greater Portsmouth area. Its larger lots and close access to major highways make it appealing for those seeking a suburban lifestyle within city limits.

Each of these neighborhoods contributes to the rich fabric of Portsmouth, NH. From the timeless appeal of colonial streets to the cutting-edge developments of the urban renewal era, Portsmouth's mosaic of communities offers a unique blend of history, culture, and modern living, ensuring that there's a perfect Portsmouth neighborhood for everyone.

About Portsmouth, NH And It’s Education Institutions

Portsmouth, New Hampshire, a historical seaport and bustling tourist destination, stands as a testament to New England's heritage and charm. Founded in 1623, it is one of the oldest cities in the United States, inviting visitors and residents alike to stroll through its well-preserved neighborhoods that speak volumes of its colonial past. With a population of approximately 21,500 residents as of my knowledge cutoff in 2023, Portsmouth continues to be a vibrant community accentuated by landmarks such as Strawbery Banke Museum, an outdoor history museum featuring restored buildings from the 17th to the 19th century, and the iconic Portsmouth Harbor Lighthouse. The city's Market Square, often considered the heart of downtown Portsmouth, serves as a focal point for cultural events, dining, and shopping, enveloped by the scenic Piscataqua River which shapes much of the city's identity.

Education in Portsmouth reflects the community's commitment to academic excellence, with a range of public and private K-12 schools attesting to the city's educational values. Portsmouth School District (ISD) offers high-quality public education with schools like Portsmouth High School known for their strong academic programs, extracurricular activities, and community engagement. Meanwhile, top-ranked private schools in the city, such as Phillips Exeter Academy - though technically in the nearby town of Exeter, NH - are recognized nationally for their rigorous curricula and preparatory education. Additionally, Portsmouth is home to several institutions of higher education, including the satellite campus of Granite State College, which provides opportunities for advanced degrees and professional development. The city also has a rich network of libraries and community centers, such as the Portsmouth Public Library, offering diverse educational resources and after-school programs for students of all ages.

The neighborhoods of Portsmouth range from the bustling downtown area with its historic charm to the peaceful residential suburbs. The city's history is interwoven with its development; the grand houses of the South End neighborhood echo the wealth of sea captains and merchants from maritime trade, while the West End has been revitalized as a hub of arts and culture, a testament to the city's evolution. Recognizing the importance of preservation and growth, Portsmouth has maintained its historical integrity while fostering a community that values education, arts, and cultural diversity. With ongoing efforts to support a vibrant local economy and educational system, Portsmouth promises to be a cornerstone of New Hampshire's Seacoast for generations to come.

Students at These Portsmouth, NH Schools Excel with Our Tutoring

Please note that this list is not definitive and only features a sample of schools, both private and public, in the Portsmouth, NH area. Each of these institutions has students who have benefited from our tutoring services, which suggests the quality and diversity of educational opportunities available in the region. While this list does not encompass all schools in Portsmouth, it serves as a cross-section of the top educational environments where our tutoring has made a significant impact on student success.

  1. Portsmouth High School
  2. Little Harbour School
  3. New Franklin School
  4. Dondero Elementary School
  5. Portsmouth Middle School
  6. St. Patrick School
  7. Portsmouth Christian Academy
  8. Seacoast Charter School
  9. The Birchtree Center (specializing in educational services for children with autism)
  10. Great Bay Charter School (grades 5-8)
  11. The Heronfield Academy (a middle school for grades 6-8)
  12. Strawberry Banke Museum (provides educational programs and historical experiences)
  13. The Music Hall (offers educational programs in performing arts)
  14. St. John's Catholic School
  15. Rye Junior High School (serving Portsmouth's neighboring community)
  16. Greenland Central School (also serves students from Portsmouth's vicinity)
  17. New Heights Adventures for Teens (provides experiential learning opportunities)
  18. Star Island Corporation (offers youth programs on Star Island off the coast of Portsmouth)
  19. Cornerstone School (a Christian school serving Pre-K to 8th grade)
  20. International School of Portsmouth (offers an international-minded curriculum)

Please remember to verify the information, as school offerings and website URLs may change. This list provides an illustration of Portsmouth's commitment to delivering diverse and high-quality education.

About Accounting & Accounting Tutoring

Accounting is a systematic and comprehensive recording of financial transactions pertaining to a business. It involves the process of summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements that summarize a company's operations, financial position, and cash flows over a particular period are a precise representation of the accounting process.

There are several types of accounting, each serving a different purpose and catering to different stakeholders:

  • Financial Accounting: This type records and summarizes financial data presented in financial statements – like income statements, balance sheets, and cash flow statements – that reflect the company's performance to external stakeholders.

  • Management Accounting: This type focuses on measuring, analyzing, and reporting financial and non-financial information that helps managers make decisions to fulfill organizational goals.

  • Governmental Accounting: This type ensures that revenues and expenditures are made according to the law and regulations, providing transparency and accountability in governmental entities.

  • Tax Accounting: This specialization is dictated by the Internal Revenue Code, which governs the specific rules that companies and individuals must follow when preparing their tax returns.

  • Forensic Accounting: This field involves examining financial records in order to uncover potential fraud, embezzlement, or financial misconduct.

Related entities in accounting include regulatory bodies such as the Financial Accounting Standards Board (FASB), which establishes accounting standards in the United States. There are also international bodies like the International Accounting Standards Board (IASB), responsible for the International Financial Reporting Standards (IFRS). Additionally, the Internal Revenue Service (IRS) is a critical agency in tax accounting.

When tutoring someone who struggles with accounting, the best strategy is to connect concepts with real-world scenarios to make the material more relevant and easier to understand. Starting with the foundational elements such as the accounting equation (Assets = Liabilities + Equity) can set the stage for understanding how other concepts interrelate. Encouraging active practice through problem-solving and the usage of accounting software can also reinforce learning. It's crucial to be patient and to break down complex concepts into smaller, more manageable parts.

The most common concepts in accounting include:

  • Debits and Credits: The dual entry system that ensures the accounting equation stays balanced.
  • The Accounting Cycle: The full process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.
  • Journal Entries: The first step in the accounting cycle, this is where transactions are initially recorded.

Among the most difficult concepts are:

  • Understanding and applying the principles of accrual accounting, which recognizes economic events regardless of when cash transactions occur.
  • The process of adjusting entries to account for income and expenses that have accrued but are not accurately represented in real-time financial statements.
  • Comprehending complex financial instruments and how to report them, as in hedge accounting or derivatives.

Overall, mastery of accounting requires attention to detail, a clear understanding of key principles and concepts, and the ability to see the broader financial picture that those details create.

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