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 The Bookkeeping Process Balance Sheet: the Different Accounts Cash vs Accrual Accounting Chart of Accounts Debits and Credits General and Subsidiary Ledgers Resource Library All Templates, Checklists and Authority Forms Annual Shut-Down Guide – Part 1 Anti Money Laundering Are You A Trusted Advisor? Assets and Depreciation ATO – In-House Dispute Resolution ATO – How Much Can You Claim? ATO – Payments and Debt Management ATO Data Matching ATO Data Sharing and Protection ATO Debts Informed to Credit Rating Bureaus ATO Phone Numbers What Type of ATO Debt Plans Do We Want ATO Improvements ATO Info on Scams and Fraud The ATO and your Work Related Expenses ATO Attacks Black Economy ATO Attacks Cash Businesses ATO Handover Checklist for NFPs ATO Visiting Cash Businesses ATO Wants to Know the Cost of Doing Any Tax AUSkey Australia’s Digital Strategy Automating Accounts Payable Bank Feeds Bookkeepers Reference Guide 2018–2019 Bookkeepers Reference Guide 2018–2019 PDF download Bookkeeping for Partnerships Bookkeepers Who Aren't BAS Agents Breakeven Analysis Budgets and Cashflow Business Information Sheet – Private Expenses Calculators, A Library of Capital Acquisition Reporting Car Allowances and Reimbursements Cash Transaction Reporting Chattel Mortgage Checking your Work Common / Single Ledger Consignment Sales Contra Transactions Crowd Funding Cryptocurrency (Bitcoin) Cyber Security – Resources for Discussion Data Breach Notification Debtor Factoring Deposits, Layby, Bonds and Part-Payments Description Fields or Not Detecting Problems, Mistakes and/or Fraud Director Payments and Employment Matters Disbursements vs Oncosts Dobbing in a Tax Cheat eInvoicing End of Month Checklist Excise Guidelines for the Alcohol Industry Explaining Different Business Structures Financial Controls Policy, Build Your Own Foreign Currency / Multi-Currency Gift Vouchers and Sale Discount Vouchers Government Attacks the Cash Economy Helping Business Computerise Hire Purchase Income Tax, Bookkeeping for Industry Based Bookkeeping Resources AirBnB Hospitality Medical Not for Profit WET (Wine Equalisation Tax) Input Tax Credits, When is it Acceptable to Claim from a Credit Card Statement? Insolvency Concerns Inventory Landed Cost Calculation Loyalty Reward Programs and GST Making Client Payments Materiality Decisions Motor Vehicles and GST myGov Access While Overseas New Charge Rates for Bookkeepers Not for Profit Novated Lease Offshoring According to the TPB Payment Gateways – Online and Mobile Point Of Sale System / Till / Cash Out Policy, Financial Controls Pre-Establishment Costs, Bookkeeping for Premium Funding, Bookkeeping for Prepayments Privacy Laws Private Expenses / Drawings / Loan Accounts Receiving Money and Controlling Debtors Records to Keep / Record Keeping Refunds of Workers Compensation Premium Reporting Cash Transactions Response to Technology Change Statements to ATO, Making False and Misleading Stocktake Rules Superfund, Paying Expenses on Behalf of The ATO's Promise to You – Taxpayer Charter Technology you Should Use Tourist Refund Scheme for GST and WET TPAR – Taxable Payments Annual Report Trade Finance Trading Cycle, Cashflow, Graphs Trusts Unearned or Deferred Income Viability Tool, Business (ATO) What Happened to my USB AUSKey? What is a Bookkeeper Allowed to do? What it Means to be an ICB Certified Bookkeeper Why has my AUSKey Expired According to GovReports? Working with the ATO Your Payments are Seen by Government Technical Webinars ICB Presents: Global Bookkeeping Week 2015 ICB Presents: Global Bookkeeping Week 2016 ICB Presents: How to Determine Materiality ICB Presents: Inventory ICB Presents: Overseas Sales & Purchases ICB Presents: Taxable Payments Annual Reporting ICB Presents: The Bookkeeping Process - Banking ICB Presents: The Bookkeeping Process - BAS ICB Presents: The Bookkeeping Process - Different Wages & Workers ICB Presents: The Bookkeeping Process - End Of Month ICB Presents: The Bookkeeping Process - End Of Year ICB Presents: The Bookkeeping Process - Payroll ICB Presents: The Bookkeeping Process - Purchases ICB Presents: The Bookkeeping Cycle - Sales External Resources Business Finance Library Business Tax and Obligations Library Updated: 1 June 2018