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Testimonials

  • I would highly recommend distance learning as a great way to study. You need to be self-motivated but that’s great for me and it gives me the flexibility to fit studying around everything else. I can truly study at my own pace and spend more time on the areas that I find more challenging, rather than having to go at the speed of the tutor. Groves Training Services is a really committed provider which offers an excellent all round service. They have experienced, understa ...

    Jane Holland AIAAP, FIAB
  • In 2011 I enrolled at the UWI Open Campus in Barbados to pursue the Level 3 Diploma in Bookkeeping & Accounting.  Taking that first course was like a refresher for me which led to me taking another course.  As the studies progressed they became challenging but with the help of my tutor Mr. Brathwaite and Louise Scott my personal attendant at IAB it became easier and led to my successful completion of three Level 3 exams. I even attained my MIAB designation.  ...

    Suzanne Greene MIAB
  • As a member of "IAB", I find the services provided by this organisation excellent.  It helps me to achieve my work goals and keep up to date with current financial information. I really enjoyed the newsletter that I read at my own pace.  I find all the IAB staff extremely supportive.  The CPD structure is so flexible that it fits in with my other commitment. I would definitely recommend membership to anyone.What a fantastic organisation!

    MT Collins MIAB AIAAP
  • I would like to take this opportunity of thanking you for all your help and advice when I recently joined the International Association of Bookkeepers.   I was kept fully informed of all stages of my application and on the acceptance of my membership I was sent a certificate of membership along with a great leather folder of information. I have also needed the assistance of the compliance team when trying to move my supervision for money laundering to the IAB after ...

    Susan Longster MIAB

What is a Bookkeeper?

Every business by law must ‘keep the books’ – hence the term bookkeeping. But what do you know about bookkeepers? Ever wondered:

  • What tasks they do every day?
  • Why they are highly sought-after?
  • What opportunities there are for qualified bookkeepers?
 reasons to be a bookkkeeperGood bookkeeping is essential business maintenance. In short, a bookkeeper keeps track of monies coming into and out of the business. By maintaining accurate financial records, bookkeepers help SMEs and micro businesses:
  • Prepare for year-end tax and VAT returns
  • Keep on top of day-to-day cash flow
  • Efficiently run their finances

Traditionally, bookkeepers kept paper records of business transactions. Today, a bookkeeper’s tasks are diverse and highly sophisticated – requiring skilled knowledge.

What’s on a bookkeeper’s ‘to do’ list?

As well as keeping a financial ‘paper trail’ to balance the accounts, a bookkeeper’s role is extensive. Here’s just a snapshot of different tasks undertaken:

  • Purchase orders and invoicing
  • Sales accounting and credit control
  • Cash and banking admin
  • Completing VAT returns
  • Data processing
  • Payroll accounting

On top of this, bookkeepers use data to prepare financial statements – ensuring annual returns are smoothly administered.

And because qualified bookkeepers are experts at accounting ledger systems, they help business owners stay in complete control of their finances.

How to get qualified ... and what opportunities there are

You can study a range of level 1-4 bookkeeping, payroll and accounting qualifications through the IAB. As well as flexible study options, you can also get on-the-job training through an apprenticeship.

Afterwards, with recognised qualifications under your belt, you can opt to:

  • Enrol onto a degree course to further your accountancy career
  • Set up a lucrative business as a Registered Bookkeeper™ - providing financial skills to a host of industries
  • Secure a job as a bookkeeper or payroll clerk in a local accountancy practice

Whether you’ve just left school, you’re ready for a career change or want to extend your skills, bookkeeping qualifications open new doors to a better future.

Bookkeeper and accountant... What’s the difference?

In essence, bookkeepers are technical wizards! They set up and oversee day-to-day record keeping in a client’s business - then monitor the accounts ensuring they are up-to-date.

By comparison, it’s the accountant’s job to interpret bookkeeping data to assess whether a business is running efficiently. Without well-kept books to refer to, an accountant can’t give invaluable tax and financial advice to business owners.

So if you’re meticulous, have a head for numbers and enjoy problem-solving, bookkeeping offers you countless career choices.

Ready to find out more?

Check out the four steps to starting a new career in bookkeeping here. For further enquiries or to talk to one of our advisers, contact the IAB team.