Prof Bookkeeper

What Does It Take to Be A Professional Bookkeeper?

Written by: Institute of Certified Bookkeepers

The establishment of professional bookkeeping associations in Australia in the early 2000’s, was the profession’s first step in putting in place a framework for professional bookkeepers to work and be recognised. The introduction of initiatives such as codes of conduct, professional development opportunities and advocating for the services that bookkeepers provide to the business community, meant that members of these associations could confidently promote the fact that they had a commitment to professionalism and professional development.

Whilst the foundation of what a professional bookkeeper in Australia today still remains true to its roots, there is a need to educate the business community and government on the broader and expanded scope of services and professionalism of bookkeepers today.

Bookkeepers deal with the world of numbers, providing a crucial service to businesses and individuals everywhere. Each day offers a new challenge for bookkeeping professionals which is what makes it such a rewarding career. Bookkeeping today is far more than entering data and reconciling the bank accounts. 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, payments, sales, receipts.
  • Processing payroll and maintaining entitlements and employee records.
  • Bank/Credit Card/loan reconciliation.
  • Providing reporting for preparation of the BAS.
  • Producing reports for both Client and Accountant.
  • Record keeping.

What is Good Bookkeeping?

Good Bookkeeping now includes above and beyond this standard process, to ‘think’ more about each stage and ask questions about streamlining process to capture all the relevant information required to produce an accurate result.

The Bookkeeping profession has evolved from a singular focus on data entry to playing a strategic role in helping advance core business goals and react to immense business challenges. Professional development and upskilling are incredibly important, now more than ever, and it is essential to ensure that as a Bookkeeper or BAS Agent you have the necessary skills to meet the needs of your Clients/Business Owners.

What is a Professional Bookkeeper?

  • Experienced
    • An independent verification of the quality and quantity of experience held Commitment to professional development. Commitment to professional development A commitment to education, learning and development of skills via continuing professional development.
  • Endorsed
    • A member of a professional body, committed to the requirements adherent to that membership including:
      • Acts with honesty and integrity.
      • Acts in the best interest of their clients or employers.
    • A professional bookkeeper in practice will be a Registered BAS Agent.

The basics of The Bookkeeping Cycle is the core structure of our industry. ICB believe it is always beneficial to refresh your knowledge of the basics. You may find a new way of doing things or a process that needs updating.

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Accountability BAS and Bookkeeping Services provide professional bookkeeping and BAS services to businesses in most Australian states.

What our clients say about us…

“I had the pleasure of being introduced to ABBS through Jo Bacon the WA representative. The professional service.  I have received has been so essential in assisting me with my new business, I am so grateful for the expertise, professionalism and excellent customer service I have experienced.” Marion B

“Thanks to Steve Cocks from ABBS we managed to get all the books up to date and in no time, … and that took the weight off my shoulders so I could focus on developing my business and moving forward in a more organized and structured way, keeping on top of things every month which makes life much easier.”  Elisabeth G

“As an ex-bookkeeper, I’m pretty fussy about how I like things done and I’ve found Caran from ABBS to be a pleasure to work with. She’s competent and efficient and now that I have her helping me with the bookkeeping for my business, I wouldn’t be without her.”  Sandy T

    “As a sole director of a regional law firm,  I’m very conscious of the need to have the proper business support, particularly in the areas of bookkeeping and trust accounting. Since I outsourced those components of my business to ABBS, I feel as if these vital components of my business are in expert hands and I can relax knowing that it is all being done properly , efficiently and legally.  Rob’s expertise with running a business including his insight with managing employees, his ready availability for a discussion at any time on any business matter, his advice and support, have been absolutely invaluable to CastleGate Law.  In addition, Janice from ABBS looks after my trust accounting through Leap with equal efficiency and expertise – she and Rob make a great team for any law firm.  Not only do I feel like I’m sharing the considerable burden of running a law firm, but I feel like in Rob I have someone on my side as a business owner, because of his implicit understanding of business matters, his encouragement and support. For all these reasons I cannot recommend ABBS highly enough as additions to any law firm or business partner. ”  Kate R

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