Institute of Certified Bookkeepers

Bookkeeping

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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 Cash Businesses
  18. ATO Visiting Cash Businesses
  19. ATO Wants to Know the Cost of Doing Any Tax
  20. AUSkey
  21. Australia’s Digital Strategy
  22. Automating Accounts Payable
  23. Bank Feeds
  24. Bookkeepers Reference Guide 2018–2019
  25. Bookkeeping for Partnerships
  26. Bookkeepers Who Aren't BAS Agents
  27. Breakeven Analysis
  28. Budgets and Cashflow
  29. Business Information Sheet – Private Expenses
  30. Calculators, A Library of
  31. Capital Acquisition Reporting
  32. Car Allowances and Reimbursements
  33. Cash Transaction Reporting
  34. Chattel Mortgage
  35. Checking your Work
  36. Common / Single Ledger
  37. Consignment Sales
  38. Contra Transactions
  39. Crowd Funding
  40. Cryptocurrency (Bitcoin)
  41. Cyber Security – Resources for Discussion
  42. Data Breach Notification
  43. Debtor Factoring
  44. Deposits, Layby, Bonds and Part-Payments
  45. Description Fields or Not
  46. Detecting Problems, Mistakes and/or Fraud
  47. Director Payments and Employment Matters
  48. Disbursements vs Oncosts
  49. Dobbing in a Tax Cheat
  50. eInvoicing
  51. End of Month Checklist
  52. Excise Guidelines for the Alcohol Industry
  53. Explaining Different Business Structures
  54. Financial Controls Policy, Build Your Own
  55. Foreign Currency / Multi-Currency
  56. Gift Vouchers and Sale Discount Vouchers
  57. Government Attacks the Cash Economy
  58. Helping Business Computerise
  59. Hire Purchase
  60. Income Tax, Bookkeeping for
  61. Industry Based Bookkeeping Resources
    1. AirBnB
    2. Hospitality
    3. Medical
    4. Not for Profit
    5. WET (Wine Equalisation Tax)
  62. Input Tax Credits, When is it Acceptable to Claim from a Credit Card Statement?
  63. Insolvency Concerns
  64. Inventory Landed Cost Calculation
  65. Making Client Payments
  66. Materiality Decisions
  67. Motor Vehicles and GST
  68. myGov Access While Overseas
  69. New Charge Rates for Bookkeepers
  70. Not for Profit
  71. Novated Lease
  72. Offshoring According to the TPB
  73. Payment Gateways – Online and Mobile
  74. Point Of Sale System / Till / Cash Out
  75. Policy, Financial Controls
  76. Pre-Establishment Costs, Bookkeeping for
  77. Premium Funding, Bookkeeping for
  78. Prepayments
  79. Privacy Laws
  80. Private Expenses / Drawings / Loan Accounts
  81. Receiving Money and Controlling Debtors
  82. Records to Keep / Record Keeping
  83. Refunds of Workers Compensation Premium
  84. Reporting Cash Transactions
  85. Response to Technology Change
  86. Statements to ATO, Making False and Misleading
  87. Stocktake Rules
  88. Superfund, Paying Expenses on Behalf of
  89. The ATO's Promise to You – Taxpayer Charter
  90. Technology you Should Use
  91. Tourist Refund Scheme for GST and WET
  92. TPAR – Taxable Payments Annual Report
  93. TPAR for Cleaners and Couriers
  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
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