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