Institute of Certified Bookkeepers



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. The Future of Bookkeeping, the Future of the Profession
  3. Balance Sheet: the Different Accounts
  4. Cash vs Accrual Accounting
  5. Chart of Accounts
  6. Debits and Credits
  7. 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 Handover Checklist for NFPs
  20. ATO Visiting Cash Businesses
  21. ATO Wants to Know the Cost of Doing Any Tax
  22. AUSkey
  23. Australia’s Digital Strategy
  24. Automating Accounts Payable
  25. Bank Feeds
  26. Bookkeepers Reference Guide 2018–2019
  27. Bookkeeping for Partnerships
  28. Bookkeepers Who Aren't BAS Agents
  29. Breach of Confidentiality
  30. Breakeven Analysis
  31. Budgets and Cashflow
  32. Business Information Sheet – Private Expenses
  33. Calculators, A Library of
  34. Capital Acquisition Reporting
  35. Car Allowances and Reimbursements
  36. Cash Transaction Reporting
  37. Chattel Mortgage
  38. Checking your Work
  39. Common / Single Ledger
  40. Consignment Sales
  41. Contra Transactions
  42. Crowd Funding
  43. Cryptocurrency (Bitcoin)
  44. Cyber Security – Resources for Discussion
  45. Data Breach Notification
  46. Debtor Factoring
  47. Deductibility if you Don't Withhold Tax
  48. Deposits, Layby, Bonds and Part-Payments
  49. Description Fields or Not
  50. Detecting Problems, Mistakes and/or Fraud
  51. Director Payments and Employment Matters
  52. Disbursements vs Oncosts
  53. Dobbing in a Tax Cheat
  54. eInvoicing
  55. End of Month Checklist
  56. Excise Guidelines for the Alcohol Industry
  57. Explaining Different Business Structures
  58. Financial Controls Policy, Build Your Own
  59. Foreign Currency / Multi-Currency
  60. Gift Vouchers and Sale Discount Vouchers
  61. Government Attacks the Cash Economy
  62. Helping Business Computerise
  63. Hire Purchase
  64. Home Office Running Expenses
  65. Income Tax, Bookkeeping for
  66. Industry Based Bookkeeping Resources
    1. Hospitality
    2. Medical
    3. Not for Profit
    4. Real Estate
    5. Wine Industry and WET (Wine Equalisation Tax)
  67. Input Tax Credits, When is it Acceptable to Claim from a Credit Card Statement?
  68. Insolvency Concerns
  69. Inventory Landed Cost Calculation
  70. Loyalty Reward Programs and GST
  71. Making Client Payments
  72. Materiality Decisions
  73. Motor Vehicles and GST
  74. myGov Access While Overseas
  75. NDIS – Bookkeepers Assisting Providers
  76. New Charge Rates for Bookkeepers
  77. Not for Profit
  78. Novated Lease
  79. Offshoring According to the TPB
  80. Payment Gateways – Online and Mobile
  81. Point Of Sale System / Till / Cash Out
  82. Policy, Financial Controls
  83. Pre-Establishment Costs, Bookkeeping for
  84. Premium Funding, Bookkeeping for
  85. Prepayments
  86. Privacy Laws
  87. Private Expenses / Drawings / Loan Accounts
  88. Receiving Money and Controlling Debtors
  89. Reconcile Balance Sheet
  90. Records to Keep / Record Keeping
  91. Refunds of Workers Compensation Premium
  92. Reporting Cash Transactions
  93. Response to Technology Change
  94. Review your ANZIC codes - it is going to matter
  95. Sharing Economy
  96. Statements to ATO, Making False and Misleading
  97. Stocktake Rules
  98. Superfund, Paying Expenses on Behalf of
  99. Taxable Payments Reporting System (TPRS / TPAR)
  100. The ATO's Promise to You – Taxpayer Charter
  101. Technology you Should Use
  102. Tourist Refund Scheme for GST and WET
  103. Taxable Payments Annual Report (TPAR)
  104. Trade Finance
  105. Trading Cycle, Cashflow, Graphs
  106. Trusts
  107. Unearned or Deferred Income
  108. Viability Tool, Business (ATO)
  109. What Happened to my USB AUSKey?
  110. What is a Bookkeeper Allowed to do?
  111. What it Means to be an ICB Certified Bookkeeper
  112. Whistleblower Legislation and the Bookkeeper
  113. Why has my AUSKey Expired According to GovReports?
  114. Working with the ATO
  115. Your Payments are Seen by Government

Technical Webinars

External Resources

  • Updated: 26th November 2019