How Do I Become a Bookkeeper?
Bookkeeping involves keeping and managing records of financial transactions. It may be the transactions of either a person, a business or an organisation. Many people employ accountants to at least assist with their bookkeeping, and for more important and complex tasks, this may be necessary, but accountants can be expensive to employ, and no matter who you are, there is no one who can understand your money in the same way you do.
Basic bookkeeping skills are a valuable asset for anyone, and a necessary eveil for anone in business
Study our Bookkeeping Course
What Does a Bookkeeper Do?
Tasks a bookkeeper may perform include:
•Recording cash payments and expenses.
•Recording credit sales and purchases.
•Daily or Weekly Banking
•Calculating recording the payroll
•Accounts Payable (Including paying suppliers and responsibility for petty cash)
•Accounts Receivable (Including invoicing clients and chasing up overdue amounts)
•All accounts to trial balance
•Balance day adjustments such as calculating and entering depreciation.
•Preparing some Tax Statements such as the BAS & payroll tax
•General journal entries
•Liasing with customers, suppliers, managers, sales and marketing and all other departments in the organisation
•Chasing up paperwork and authorisations from managers
•Can sometimes include monthly financial reporting under the supervision of an accountant.
•Using accounting software for entering data and producing many different reports.
•Checking for errors and balancing the books.
An Ideal Home Based Business
If your aim is to work from home, have flexible hours, and earn a reasonable hourly rate; bookkeeping is a good choice; so long as you are the sort of person who is reasonably well organised, have good maths skills, and you like working with figures.
Bookkeepers do not earn as much as accountants, but their job is not as complex, does not require the same extensive university studies, nor does it have the same legal implications attached to some of the tasks. Bookkeepers can nevertheless, still undertake many of the functions that an accountant does, and for many smaller businesses, employing a bookkeeper to do a few hours a week is a far more attractive prospect than retaining the services of an accountant.
| What Does an Accounting System Do?
Accounting provides a framework for the collection, preparation and recording of financial data from which information can be drawn so that informed decisions can be made, implemented and evaluated.
The accounting system can be tailored to the needs of any individual, non-profit organisation, small or large business. This course will concentrate on the needs of small business.A business is an economic entity created for the purpose of increasing the wealth of its owner or owners by generating profits from the provision of goods and/or services.A small business is one where all major decisions are the responsibility of one, two or a few people who are usually the owners.
HOW TO GET STARTED
1. Study BOOKKEEPING FOUNDATIONS
2. Become a Member of the Institute of Certified Bookkeepers (ICB)
3. Get Advice from our Tutors on How to Start Up a Business as a Freelance Bookkeeper.
Click here for our Bookeeping Foundations Course
Three study options are available:
- a correspondence course using printed notes;
- an online course; or
- a course on CD