Course: Bookkeeping

Unit 1 – An introduction to record keeping

• The importance of keeping accurate financial records
• The layout of a bank account and its entries
• Balancing the account

Unit 2 – Further bank account transactions

• Types of income and expenditure
• The analysed bank account

Unit 3 – Double Entry Book Keeping – Cash Transactions

• Basic double entry accounts for bank transactions
• Further account balancing
• The trial balance
• The cash account
• The capital account
• Accounting for payroll transactions

Unit 4 – Double Entry Book Keeping - Credit Transactions

• Credit transactions
• Developing accounts for customers and suppliers
• Splitting the Ledger
• Entering credit transactions into the accounts

Unit 5 – The Calculation of VAT and the development of business documents

• The concept of VAT and VAT registered businesses
• Calculating VAT
• The production of business documents containing VAT
• Dealing with trade and cash discounts

Unit 6 – The posting of VAT Transactions to the Ledgers

• The posting of cash and credit items to the ledger for a VAT registered business
• VAT Input and VAT Output accounts
• The single Vat Account
• How to calculate VAT exclusive and VAT inclusive amounts

Unit 7 – Day Books

• Explanation of day books
• Making entries into the various books
• Posting day book entries to the relevant accounts in the correct ledger

For more information, contact one of our course advisors

Unit 1 – Cash Books

• Two column cash books
• Revision of cash discount
• Three column cash book
• The Petty Cash Book

Unit 2 – Correction of errors

• Types of errors
• Correcting the ledgers
• The suspense account

Unit 3 – Reconciling the accounts

• Bank reconciliation
• Control Accounts – reconciling customer and supplier balances
• The VAT Return

Unit 4 – Introduction to Final Accounts of a Sole Trader

• The nature of profit
• Calculating gross and net profit
• The Trading, Profit and Loss Account
• The Balance Sheet

Unit 5 – Adjustments to Final Accounts

• Accruals and prepayments
• Depreciation
• Bad debts and the Provision for Bad Debts
• Further corrections and adjustments to profits

Unit 6 – End of Year Ledger Entries

• Closing of the ledger accounts at the year end

For more information, contact one of our course advisors

No other books are necessary for this course.

For more information, contact one of our course advisors

LESSON ONE

• Setting up the system
• List of accounts

LESSON TWO

• Restoring files
• Bank receipts and payments

LESSON THREE

• Finding transactions
• Correcting errors
• Purchases and carriage inwards
• Sales and carriage outwards
• Loans

LESSON FOUR

• Bank reconciliation
• Credit card receipts and payments

LESSON FIVE

• Credit transactions
• Returns

LESSON SIX

• The Chart of Accounts
• General Journal
• Simple correction of errors
• Petty Cash
• VAT Returns

LESSON SEVEN

• Accounting periods
• Capital and Revenue items
• The asset of stock
• Trading and Profit and Loss Account
• Final accounts and the ledgers

LESSON EIGHT

• The Balance Sheet
• Year End Procedures

LESSON NINE

• Opening Balances
• Disposal of fixed assets 1
• Accruals and prepayments
• Depreciation
• Disposal of fixed assets 2
• Bad debts
• Provision for bad debts!

For more information, contact one of our course advisors

No other books are necessary for this course.

For more information, contact one of our course advisors