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Bookkeeping Transactions and Controls Part 1

Pitman Training Group
Course summary
30 hours
Full time/part time
Professional Training
Next available date: Contact for info - Online courses
Course Dates
Aberdeen
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Birmingham
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Bishop's Stortford
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Course description

Bookkeeping Transactions and Controls Part 1

This course will help you learn the processes and procedures involved in manual bookkeeping. You will cover the double entry system, the basics of VAT, checking invoices for accuracy, day books, general ledger, purchase ledger and sales ledger, prompt payment discount, petty cash books, balancing ledger accounts and many other aspects of manual bookkeeping. Once you have completed this training, you will be well placed to go on to study computerised accounting. 

Training Course Content

There are nine modules within the course:

  1. Module One – Including: The role of the bookkeeper, the difference between capital, assets and liabilities, the dual effect of transactions and the double entry system, the accounting equation, the difference between cash and credit transactions, preparing simple balance sheets, identifying transactions in ledger accounts.
  2. Module Two - Including: the purpose and steps used in the accounting system, the different business documents used for sales and purchases, the purpose of coding and the different coding systems.
  3. Module Three – Including: The basic principles of Value Added Tax, calculating VAT, constructing sales invoices, trade and cash discounts, posting sales invoices to the General Ledger.
  4. Module Four – Including: Checking  purchase invoices for accuracy, credit notes, posting purchase invoices and credit notes to the General Ledger, the purpose of the Purchases Day Book,  posting an Analysed Day Book to the General Ledger and Purchase Ledger.
  5. Module Five – Including:  purpose of an Analysed Sales Day Book, making postings to the General Ledger and Sales Ledger, Returns Day Books, identifying debit and credit entries, using day books confidently and accurately.
  6. Module Six – Including:  The Cash Book, processing Cash Book payments and receipts, balancing the Cash Book, preparing a postings list, the purpose of credit notes to reflect prompt payment discount, using the discounts receive and discounts allowed day books, preparing a 2 column Cash Book
  7. Module Seven – Including:  Why the Petty Cash Book is used, processing Petty Cash payments and receipts, balancing the Petty Cash Book, preparing a cheque requisition.
  8. Module Eight – Including:  Using a Postings List to update the General Ledger, updating the Sales and Purchase Ledger from the Cash Book, balancing ledger accounts, posting balances from a list.
  9. Module Nine – Including: The purpose of a trial balance, preparing a trial balance, demonstrating the ability to maintain day books, prepare ledger balances and extract a trial balance.

Expenses

Contact Pitman Training for more information and pricing information.

About provider

Pitman Training

Pitman Training Group - IT, Microsoft Office and Secretarial Courses and Diplomas

Pitman Training offers a unique combination of benefits to students, giving them a training experience that will boost confidence and enhance skills, whether you are interested in secretarial, Microsoft Office, keyboard skills, book-keeping and accounts or IT training. Sir Isaac Pitman...


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Pitman Training Group

Fairfax House, Walkers Court, Audby Lane
LS22 7FD Wetherby

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www.pitman-training.com


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