Basic Bookkeeping

Basic Bookkeeping
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Duration: 1.5 hours
Retake policy: Unlimited

Digital Certificate
Accredited by Highfield Awarding Body
£24.99 +VAT

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This course has been developed for people who are interested in getting to grips with the basics of accounting – that is keeping financial records, or “the books”, in order for a business or any organisation with financial activities. Getting comfortable with bookkeeping is a handy skill if you are running your own business or getting involved with helping manage the finances of a charity. Bookkeeping can be a fulltime job in its own right and is also a first step on the ladder to becoming an accountant. Accounting can seem quite intimidating at first. There appear to be lots of rules and unusual terms. Fortunately your first steps as a bookkeeper are usually limited to handling the record keeping that the more experienced, qualified accountants can use.

To help you with your first steps as a bookkeeper, this course aims to demystify the process of bookkeeping and all the jargon that goes with it. We will also explain the basic concepts so you can start to collate and enter information in everyday bookkeeping software. 

Unit 1: Course introduction

  • Overview of course structure
  • Summary how the remaining units will cover the material
  • Basic housekeeping when accessing the course
  • Explanation of the end of course assessment

Unit 2: Accounting and Bookkeeping

  • The world of accountancy and where bookkeepers fit in
  • Chartered Accountants and Chartered Accounting Bodies
  • Career progression and training
  • The role of The Bookkeeper
  • Employer expectations, Skills and qualities

Unit 3: Bookkeeping concepts and terms 

  • The financial calendar
  • The importance of record keeping
  • Assets and liabilities
  • Debits, Credits and Double Entry

Unit 4: Managing invoices and bills 

  • Entering supplier invoices (bills)
  • Entering customer sales invoices
  • Correcting mistakes
  • Credit Notes

Unit 5: Handling other items 

  • A recap of Debtors and Creditors
  • Petty Cash
  • Expenses
  • Bank reconciliation

Unit 6: Tricks and tips

  • Four common mistakes to avoid
  • Spotting month-end mistakes
  • Being a pro-active and productive bookkeeper

The course finishes with a 20 question online assessment.

Digital Certificate
Accredited by Highfield Awarding Body
£24.99 +VAT

Add to Basket

Paypal protected. Credit cards accepted