Cert IV in Bookkeeping
The Certificate IV in Bookkeeping (FNS40215) is one of the minimum educational qualifications for BAS agents. It includes two units of competency required to satisfy the additional BAS agent education requirement of an approved course in basic GST/BAS taxation principles.
The Certificate IV in Bookkeeping is a nationally recognised qualification from the Financial Services Training Package which complies with the Australian Qualifications Framework standard.
Our Certificate IV in Bookkeeping is delivered via distance learning in partnership with Mentor Education (RTO 21683). Their online portal allows you to access all learning materials, submit your work and obtain feedback and support from Mentor’s team of professional financial advisors.
This course is particularly suitable if you're currently working in bookkeeping roles, and are seeking a formal qualification to enhance your existing knowledge and skills.
Our flexible enrolment and payment arrangements mean you can start when you're ready, and pay as you progress through the program.
Benefits of studying the Certificate IV in Bookkeeping FNS40215
- Receive a qualification from a leading Australian educational provider, Mentor Education, in association with the IPA
- Achieve the latest bookkeeping qualification, including the GST/BAS units required for registration as a BAS agent
- Become an expert user in MYOB, widely used by small business and accountants
- Complete your studies from the comfort and convenience of your own home
- Start when you’re ready, and pay as you go throughout the course
To apply, complete the Application Form and submit with your payment to the IPA.
New Student application fee
Please note that there will be a one-off, non-refundable application fee of $150 charged to new students enrolling into the course.
Applications and payment are made through the IPA. Mentor Education's friendly team will then coordinate your onboarding process and induct you into the course.
If you require assistance with the application process, please contact the IPA Head Office on 03 8665 3100 or send an email to email@example.com
Upgrade to the Certificate IV in Accounting
Simply adding two further units of study to your course will also award you the Certificate IV in Accounting. The two units, priced at $135, is a very cost effective way to build on your learning and enables you to gain two valuable qualifications.
Certificate IV in Bookkeeping Units
BK 1 Bookkeeping Fundamentals
- FNSACC406 - Set up and operate a computerised accounting system (MYOB)
- FNSBKG402 - Establish and maintain a cash accounting system (MYOB)
- FNSINC401 - Apply principles of professional practice to work in the financial services industry
- FNSBKG401 - Develop and implement policies and procedures relevant to bookkeeping activities
BK 2 Business Reporting
- Establish and maintain an accrual accounting system
- Prepare financial reports
- Administer subsidiary accounts and ledgers
- Design and produce business documents (using Office 2013)
BK 3 BAS & Payroll
- Establish and maintain a payroll system
- Carry out business activity and instalment activity
BK 4 OHS, Inventory & Complex Spreadsheets
- Contribute to health and safety of self and others
- Maintain inventory records
- Prepare Financial Statements for Non Reporting Entities
Information on unit costs can be found in the Certificate IV application form.
Certificate IV in Bookkeeping FAQs
1. Who can enrol and what skills do I need?
The Certificate IV in Bookkeeping Program is open to all Australian residents seeking a formal bookkeeping qualification.
Candidates need English language and numeracy skills at least equivalent to entry level workplace standards. Basic computer skills include competent management of data files, so that you can successfully retrieve and submit work files using Mentor’s easy-to-use student portal. The use of Microsoft Word, Excel, and Outlook are also required. Several of the units are also completed using MYOB accounting software.
2. How much does it cost?
The modules are competitively priced at $157 per unit.
In total, the entire cost to complete the Certificate IV in Bookkeeping, including the $150 application fee, will cost $1941.
The unit fees cover all tuition, materials and assessment. Total program cost includes a non-refundable initial program application fee of $150 which provides access to the program for 24 months.
3. Do I have to pay for the whole program at the start?
No. Our pricing is structured on a per BK/Unit basis, so there is no need for any initial outlay of significant costs. We encourage you to enrol in selected groups of units progressively as you work towards achieving your qualification.
4. Can I just complete the units needed for a GST/BAS course?
Yes. If you already have an accounting or bookkeeping qualification at Certificate IV level or above, but still need to complete an approved course in basic GST/BAS taxation principles, you may enrol in just one or both of the following:
- Carry out business activity and instalment activity statement tasks
- Establish and maintain a payroll system
Please note that these units are completed using MYOB accounting software. If you are not familiar with MYOB and intend to complete only these two GST/BAS units, we strongly recommend that you first complete an introductory MYOB course, ideally in a classroom environment.
5. Can I become a member of the IPA with a Certificate IV in Bookkeeping?
Yes. The qualification can be used for you to become an IPA Associate Member/Public BAS Practitioner.
The Certificate IV in Bookkeeping is one of the core qualifications to enable you to register as a BAS Agent under the Tax Agent Services Act 2009. Completing the course would pave the way for you to become a registered BAS Agent and consequently, a Public BAS Practitioner Member of the IPA.
6. Can I claim CPE hours for my studies?
Yes. IPA members are entitled to claim CPE hours for studies in the Certificate IV in Bookkeeping program as follows:
• Successful completion of – Carry out Business Activity and Instalment Activity Statement Tasks - 20 hours of structured CPE in a given year.
• Successful completion of - Carry out Business Activity and Instalment Activity Statement Tasks and Establish and Maintain a payroll system - 30 hours of structured CPE in a given year.
• Successful completion of any other competency in the Certificate IV in Bookkeeping - 15 hours of structured CPE.
7. How do I apply?
You can apply to study the Certificate IV in Bookkeeping at any stage, and access to the course is generally immediate.
8. Is the 4 weeks or 6 weeks allowed for each unit sufficient to complete the requirements?
Yes. The course structure and timeframes have been designed for busy professionals working in fulltime roles, and we find that candidates are generally able to meet the requirements. If at any time you face difficulty meeting course deadlines, you should immediately contact Mentor’s team of advisors for support and advice.
9. I'm also keen to study the Certificate IV in Accounting as an add-on. Is this possible?
It sure is. All you need to do is study two additional units to gain the Certificate IV in Accounting. This means you'll end up with two Certificate IV qualifications without the need to undertake significant amounts of extra study. The two additional units are priced at $135.
BAS Agent Frequently Asked Questions
As a BAS agent, do I need to register with the Tax Practitioners Board?
Generally, yes. A handy guide to identifying if you need to register can be found online here at the TPB website.
What is the Tax Practitioners Board?
The TPB is responsible for administering the provisions of the Tax Agent Services Act 2009, including the registration of BAS Agents. Part of the TPB's role is to provide further detailed interpretation of the registration requirements, including educational qualifications and experience.
Where can I find information about BAS Agent registration requirements?
The best information is available on the TPB website at http://www.tpb.gov.au/. We recommend you regularly check the TPB website for updates in relation to your own circumstances.
3. Is a Certificate IV in Bookkeeping all I need to qualify as a BAS Agent?
The eligibility requirements for BAS Agents include relevant experience, as well as educational qualifications.
The minimum education requirements for all BAS agents (regardless of membership of a recognised professional body) are "at least a Certificate IV Financial Services (Accounting), or a Certificate IV Financial Services (Bookkeeping)". This requirement would normally be met by Associate members of the IPA who are required to hold at least a Diploma/Advanced Diploma of Accounting.
There is also a requirement to have "successfully completed a course in basic GST/BAS taxation principles that is approved by the Board". Depending on the content of an individual's underpinning qualifications, the TPB may require a BAS Agent applicant to complete additional studies to satisfy this requirement.
4. Is IPA membership all I need to qualify as a BAS Agent?
The eligibility requirements for BAS Agents include relevant experience as well as educational qualifications. The experience requirement for a voting member of a recognised BAS agent association, such as the Institute of Public Accountants, is at least 1000 hours of relevant experience in the preceding three years. The requirement for non-members is at least 1400 hours. We recommend that you check the TPB website for the latest information.