Institute of Certified Bookkeepers



ICB Resource Kit

All processes and Knowledge about bookkeeping.

Context Introduction

Bookkeeping  today is far more than entering data and reconciling the bank.  Bookkeeping is thinking about the needs of the client, thinking about  the processes to get a result.

Firstly, what is expected for standard bookkeeping?

  • Processing purchases, sales, receipts, payments 
  • Processing payroll and maintaining entitlements and employee records 
  • Bank reconciliation 
  • Providing reporting for preparation of a BAS 
  • Producing reports for both client and accountant 
  • Record keeping

Good bookkeeping now includes above and beyond this standard process to  ‘think’ more about each stage and ask the questions ‘can we do this  better’ and ‘is bookkeeping part of the natural Business System?’ Have I captured all the relevant information required to produce an accurate result?

Also  note that a required standard should be that any other person being a  bookkeeper or accountant should be able to step in and work on the file  for the business without needing to reinvent or research too  significantly.

This is a library of all things to explain the concepts of bookkeeping and provide insight into the many different areas that a bookkeeper may be involved with in assisting a business.

Understanding Bookkeeping

  1. The Bookkeeping Process
  2. Balance Sheet: the Different Accounts
  3. Cash vs Accrual Accounting
  4. Chart of Accounts
  5. Debits and Credits
  6. General and Subsidiary Ledgers

Resource Library

  1. All Templates, Checklists and Authority Forms
  2. Annual Shut-Down Guide – Part 1
  3. Anti Money Laundering
  4. Are You A Trusted Advisor?
  5. Assets and Depreciation
  6. ATO – In-House Dispute Resolution
  7. ATO – How Much Can You Claim?
  8. ATO – Payments and Debt Management
  9. ATO Data Matching
  10. ATO Data Sharing and Protection
  11. ATO Debts Informed to Credit Rating Bureaus
  12. ATO Phone Numbers
  13. What Type of ATO Debt Plans Do We Want
  14. ATO Improvements
  15. ATO Info on Scams and Fraud
  16. The ATO and your Work Related Expenses
  17. ATO Attacks Black Economy
  18. ATO Attacks Cash Businesses
  19. ATO Visiting Cash Businesses
  20. ATO Wants to Know the Cost of Doing Any Tax
  21. AUSkey
  22. Australia’s Digital Strategy
  23. Automating Accounts Payable
  24. Bank Feeds
  25. Bookkeepers Reference Guide 2018–2019
  26. Bookkeeping for Partnerships
  27. Bookkeepers Who Aren't BAS Agents
  28. Breakeven Analysis
  29. Budgets and Cashflow
  30. Business Information Sheet – Private Expenses
  31. Calculators, A Library of
  32. Capital Acquisition Reporting
  33. Car Allowances and Reimbursements
  34. Cash Transaction Reporting
  35. Chattel Mortgage
  36. Checking your Work
  37. Common / Single Ledger
  38. Consignment Sales
  39. Contra Transactions
  40. Crowd Funding
  41. Cryptocurrency (Bitcoin)
  42. Cyber Security – Resources for Discussion
  43. Data Breach Notification
  44. Debtor Factoring
  45. Deposits, Layby, Bonds and Part-Payments
  46. Description Fields or Not
  47. Detecting Problems, Mistakes and/or Fraud
  48. Director Payments and Employment Matters
  49. Disbursements vs Oncosts
  50. Dobbing in a Tax Cheat
  51. eInvoicing
  52. End of Month Checklist
  53. Excise Guidelines for the Alcohol Industry
  54. Explaining Different Business Structures
  55. Financial Controls Policy, Build Your Own
  56. Foreign Currency / Multi-Currency
  57. Gift Vouchers and Sale Discount Vouchers
  58. Government Attacks the Cash Economy
  59. Helping Business Computerise
  60. Hire Purchase
  61. Income Tax, Bookkeeping for
  62. Industry Based Bookkeeping Resources
    1. AirBnB
    2. Hospitality
    3. Medical
    4. Not for Profit
    5. WET (Wine Equalisation Tax)
  63. Input Tax Credits, When is it Acceptable to Claim from a Credit Card Statement?
  64. Insolvency Concerns
  65. Inventory Landed Cost Calculation
  66. Making Client Payments
  67. Materiality Decisions
  68. Motor Vehicles and GST
  69. myGov Access While Overseas
  70. New Charge Rates for Bookkeepers
  71. Not for Profit
  72. Novated Lease
  73. Offshoring According to the TPB
  74. Payment Gateways – Online and Mobile
  75. Point Of Sale System / Till / Cash Out
  76. Policy, Financial Controls
  77. Pre-Establishment Costs, Bookkeeping for
  78. Premium Funding, Bookkeeping for
  79. Prepayments
  80. Privacy Laws
  81. Private Expenses / Drawings / Loan Accounts
  82. Receiving Money and Controlling Debtors
  83. Records to Keep / Record Keeping
  84. Refunds of Workers Compensation Premium
  85. Reporting Cash Transactions
  86. Response to Technology Change
  87. Statements to ATO, Making False and Misleading
  88. Stocktake Rules
  89. Superfund, Paying Expenses on Behalf of
  90. The ATO's Promise to You – Taxpayer Charter
  91. Technology you Should Use
  92. Tourist Refund Scheme for GST and WET
  93. TPAR – Taxable Payments Annual Report
  94. Trade Finance
  95. Trading Cycle, Cashflow, Graphs
  96. Trusts
  97. Unearned or Deferred Income
  98. Viability Tool, Business (ATO)
  99. What Happened to my USB AUSKey?
  100. What is a Bookkeeper Allowed to do?
  101. What it Means to be an ICB Certified Bookkeeper
  102. Why has my AUSKey Expired According to GovReports?
  103. Working with the ATO
  104. Your Payments are Seen by Government

Technical Webinars

External Resources

  1. Business Finance Library
  2. Business Tax and Obligations Library
  • Updated: 1 June 2018