Home Business Bookkeeping & QuickBooks
Diploma HBQ12, SOA
Eligible for Affiliate Membership with the Institute of Certified Bookkeepers
Business, Education & Industry
Learning Method: Correspondence with online support

Australian College QED is an Accredited Training Centre for The Institute of Certified Bookkeepers.

Career opportunities include: Home Business Bookkeeper, Home Business Accounts Clerk.

Industries include: You can work in or for any type of home business, from trades to a home distributer to a consulting service.

A bookkeeper maintains and reconciles records of financial transactions (such as sales, wages and petty cash) and prepares monthly statements showing receipts, payments and balances of accounts. A bookkeeper may:

• receive and record invoices from creditors and arrange payment
• prepare and send invoices to debtors
• calculate, prepare payslips and distribute salaries/wages*, taking into account overtime and deductions such as tax, health insurance payments and superannuation.
• prepare regular reports and financial statements
• process and monitor debtors
• check customers' credit ratings
• verify recorded transactions and report irregularities to management
• prepare reconciliations of accounts
• prepare Business Activity Statements under the direction of an authorised director or tax agent.

*A salary is a set payment paid to a person on a regular basis (weekly, fortnightly, monthly) for undertaking work or services. For example, Joanne is employed as an Travel Consultant and receives a salary income. She works regular, set hours and is paid an annual income of $49,500 that is paid to her on a weekly basis.

A wage is often paid by the hour, day or week to a person undertaking work or services with irregular hours. Wage employees usually have to fill out timesheets to record the hours they work. For example, David is employed as a Casual Accounts Clerk and receives a wage income of $25.00ph paid on a weekly basis. His working hours change from week to week in line with the needs of the company and his annual income is dependant on the number of hours he works.