Home Business Bookkeeping & QuickBooks
Diploma HBQ12A, SOA
Eligible for Affiliate Membership with the Institute of Certified Bookkeepers
Business, Education & Industry

Are you running a home business? Or, perhaps you are interested in doing bookkeeping for home businesses. If so, this is the ideal course to teach you how to keep your books or other people's books in order.

This fabulous course contains everything the Professional Bookkeeping & MYOB Course does, except that it is geared to the home business. And, instead of learning MYOB you will be learning QuickBooks - the most popular bookkeeping package for home business.

Many people ask, "What is the difference between MYOB and QuickBooks?"

MYOB is primarily used by small to medium business wth around 5-50 employees; whereas, QuickBooks is more often used by home businesses and small enterprises with around 1-5 employees. The beauty of QuickBooks is that it is easy to use. And the package provides ready-to-use templates for forms and reports (which are items that you need to create in MYOB).

Many home businesses prefer QuickBooks because of its user-friendly approach. However, using any accounting package for bookkeeping is not just about entering figures into the software. You need to have a sound knowledge of bookkeeping. This is where the Home Business Bookkeeping & QuickBooks Course proves invaluable.

You will learn how to set up the books, manage the books and prepare the reports you need. And, if you are planning to start your own home business managing other people's books then this is the best place to start.

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.