Bookkeeping Essentials
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Features
Guided Learning Hours
2 days course
Total Qualification Time
2 days course
Skill Level
Basic
This course is a deep dive into the world of bookkeeping. It provides an introduction to the accounting system from the source documents used at the start of the process right through to preparing financial statements at the end.
Delegates will learn how accounting systems are organised into the general and subsidiary ledgers and how to apply the principles of double-entry. Categories of accounts, VAT, reconciliations and the correction of errors are also covered.
The course is suitable for those who work in the finance department but have limited bookkeeping understanding or experience or need a fast-track grounding in accounting systems.
- Source documents and the purchase order system
- Basic double-entry and the trial balance
- Accounting for VAT
- Books of prime entry
- Subsidiary ledgers and control accounts
- Reconciliations
- Errors and suspense account journals
After completing the course, delegates will have learned:
- to understand financial transactions within a bookkeeping system
- to process transactions through the ledger to the trial balance
- to understand controls in a bookkeeping system
- to identify frequently occurring errors
- to use the journal to correct errors
- to explain the purpose of the suspense account and how to clear it
- the importance of finance skills to enable your business to operate more efficiently
- to make better business decisions based on finances
- confidence and effectiveness when discussing finances to increase efficiency and profit
- to have more informed conversations with finance colleagues to reduce the risk of miscommunication or misunderstanding
- to provide more insightful reports based on financials.
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Bookkeeping Essentials