Bookkeeping Mission Statement
The National Bookkeeping mission statement is to enable bookkeepers with MYOB, Xero and Quickbooks Online skills to start a business that they can operate from home providing bookkeeping services to both local companies as well as remotely to small businesses across Australia.
In some circumstances National Bookkeeping Licencees can find work doing bookkeeping for local accounting firms or larger more established bookkeeping businesses.
Many small businesses are searching for a local bookkeeper who works to a high professional standard in their knowledge and diligence while also providing professional customer service.
What is Bookkeeping?
Bookkeeping starts as the coding of individual financial transactions that relate to a business. They can be categorised into some broad categories like:
- Loan Repayment
- Capital injection
By associating a financial transaction with a category (sometimes called a code by accountants), small business owners get to understand the financial health of their business. Bookkeeping is also about reconciling these transactions in their accounting software to the “real” information in their bank accounts to ensure the information is correct. Read more about bookkeeping..
Bookkeeping tasks can range from setting up of a companies chart of accounts, opening balances, creditors, debtors, bank and loan accounts, transaction accounts etc. This work however is normally performed in conjunction with an accountant who understands the needs and structure of the business.
Bookkeeping tasks were often performed in small businesses by the owners wife (for small trades) or a trusted worker because there wasn’t an expectation of professional accounting or taxation knowledge, but it’s now considered a profession particularly because it ties in with heavily regulated areas of our financial lives like superannuation. It has also become a profession since financial performance information is now lodged with the ATO more regularly in the form of BAS’s for the purposes of GST reporting. Because this information is lodged directly with the ATO the person who performs this work must know what they are doing and sign off on the accuracy of the information.
Evolution of a Bookkeeper
Many of the daily transactional tasks that most small businesses need to enter into their bookkeeping software (data entry) is a time consuming task that most small business owners and managers don’t want to do for themselves. This work and work like it can only be outsourced to an external bookkeeper if the cost of doing so is reasonable.
Many people we speak with who are just starting out as a bookkeeper are happy to do this work at a lower rate while they expand their knowledge and experience.
Many of our licencees are professionally trained accountants who now prefer to work closer to home, with a shorter commute than working in a larger busy city centre, and also shorter (school friendly) hours.
Tasks Performed and Rates of Pay
Many of the tasks performed by a bookkeeper are boring and repetitive and that’s why business owners don’t like doing it and happy to pay someone else to do it for them. Following up with clients for payment, processing payment instalments and managing weekly commitments like Payroll are very common and repetitive tasks and if you can perform these tasks efficiently during your work hours so you can finish up and spent time with your family then you’re in a great position to do this kind of work.
Learn more about the rates that bookkeepers charge for their services. Keeping in mind that the more complicated the tasks the higher the rate and if your bookkeeper is going to lodge your BAS’s they’ll also have their Registration and reputation on the line.
Professional Standards for Bookkeepers
If you are accepted to join National Bookkeepers you’ll need to agree to the National Bookkeeping Code of Professional Conduct and offer a Professional Services Agreement for the work you perform for your small businesses clients. This way you understand the commitment required to run a first class bookkeeping business while saving on the costs of being part of a franchise.
These professional standards are also important for our licencees because their is an expectation that their own invoices will be paid for promptly and that they are highly regarded as a contractor to small businesses.
Training and Quality
EzyLearn, the manager for this service is a member of the bookkeeping industry body, the Institute of Certified Bookkeepers and encourages all licencees to join and participate with the events and professional development offered to ICB members.
Bookkeeping qualifications are available from hundreds of different RTO’s (Registered Training Organisations) in Australia and these skills are important for all bookkeepers so they remain current in their skills and legislation, but also so they can increase the services they offer and the rates they receive as a result.
New National Bookkeeping Licencees are offered the Small Business StartUp and Admin Course, which comes with a bookkeeping business plan created by our BAS Agent Jacci, to use as a template in their studies. This course not only helps licencees operate their own business professionally but enables them share this knowledge with their small business clients.
Training Courses Included!
National Bookkeeping is managed by a EzyLearn and these courses are included as part of your licence:
- Small Business Startup and Admin Courses (5 courses)
- MYOB Accounting Software Courses (5 courses)
- Xero Cloud Accounting Software Courses (3 courses)
- Microsoft Excel Training Courses (9 courses)
- Microsoft Word Training Courses ( 12 courses)
You have a knowledge base and education resources to help you with software or internet services required to help you manage your own business as well as aspects of your clients businesses.
Dozens of Template Files
Included in these courses are dozens of sample and template files that are used throughout the courses and also designed for your small business.
A Bookkeeper Can Turn into a Financial Controller
Every business needs a bookkeeper and as businesses grow so do their needs for someone to control the financial performance. From conversations with our students we’ve seen how bookkeepers can evolve to perform more and more critical financial management aspects of a business. With constant training and education any bookkeeper can find themselves in senior management positions. Learn more about the potential career paths for bookkeepers.
Contract Financial Controllers
Cloud software, broadband internet and the rise of mobile devices has enabled small to medium businesses to find the human resources they need no matter where they are.
Your Bookkeeping Business Plan
If your goal as a bookkeeper is to evolve and become more valuable to your clients it needs to be part of your plan and you’ll want to constantly upskill and learn about the accounting industry but also about the technology and needs of small business.
View the contents of the existing business plan (created by our Registered BAS Agent) and modify it to suit your own circumstances and goals, then follow it to achieve success in your own business.
Sales and Marketing for Bookkeepers
Many bookkeepers dread the idea of selling because they are almost seen as opposing job roles, but marketing and selling your services is just as important in a bookkeeping business as any other business.
The Internet has changed how businesses use accounting software and it has also changed the way businesses find bookkeepers and other service providers to help them manage and grow their business.
If you want more one to one help in marketing your services or closing sales for new clients we have dedicated support packages to do just that as well.
Your regional licencee manager is dedicated to help you develop all your business skills and that includes the confidence to build a solid sales and marketing strategy to grow your business. You don’t have to be bold and brassy to sell your own bookkeeping services – you can be yourself – but the more you understand about the subtlety of selling the more you understand how to incorporate it into your daily conversations.
See what sales and marketing services are available in the National Bookkeeping Licencee opportunity.
Directory Listing and Exposure
Licencees receive a legal pack (including template agreements), their own unique directory listing and a phone number that can be used to show how much demand there is for their services.
You’ll go through most of your learning in the first year so the ongoing costs are quite low.
A fantastic feature of a National Bookkeeping license is that it’s based on upskilling your in your first years of business and being rewarded for that and then providing a system where all members benefit by group level marketing.
Regional Licencee Manager
The success of our service is based on you doing a great bookkeeping job, keeping customers happy and getting new clients so you’ll have access to a regional manager who’s job is to ensure you receive the training you need, support at critical times and to ensure you provide great customer service to your clients.
Your Regional Manager will guide you through the path of business ownership as well as be available in difficult times, with difficult customers or just to chat about your business. Your manager has access to technical, accounting and small business specialisits so they’ll guide you along your journey if you need help.
30 Day Money Back Guarantee
We’ve put in a lot of work over many years to assemble an education program we believe in and a marketing system to help you attract and win new clients. We also understand that you are putting your faith in us to start and develop your own professional consulting business so we offer you a money back guarantee.
If you decide that you are not satisfied please contact us and let us know and you’ll receive a refund
Please read the details of our Money Back Guarantee.
Bookkeeping Business StartUp Options