Bookkeeping Course

Book Keeping Training is a one-day course. This training will help the candidates to develop the bookkeeping skills and execute their job as a professional bookkeeper. The candidates will get to learn about basics of accounting, Double Entry Book Keeping and financial planning. 

During the training program, the participants will learn how to grab essential information from the income statement, balance sheet and cash flow statements.

By applying all the concepts learned in this course, the candidates will understand the process of depreciation and bad debts. They will get to learn how financial transactions are documented and why they are documented. The candidates will understand the concept of Value Added Tax (VAT) and business reports resulting from bookkeeping data.

Best Practice Training’s BookKeeping course is designed to accounts, financial reports, receipts and other related tasks within the organisation. This course act as perfect starting point for carrying out fundamental finance and administrative duties with the help of accounting software packages. 

The course covers double-entry bookkeeping, standard accounting entries, trial balance, extended trial balance and much more. With the help of Book Keeping course, the candidates will be able to organise and examine the financial information effectively within the accounting team.

Course Content:

• Introduction
• Introduction to Double Entry Book Keeping
• Concepts of Accounting
• Accounting Methods
• Overview of Financial Statements
• Double Entry Book keeping
• Debits and Credits
• The T accounts and control accounts
• How they all fit together
• Standard Accounting Entries
• Accounting for Depreciation and Bad Debts
• Overview of Value Added Tax (VAT)
• The Trial Balance
• Overview of Trial Balance
• Balancing accounts
• Passing to a trial balance
• The extended Trial Balance
• Produce a profit and loss account and balance sheet by using an extended trial balance
• Presentation
• Presentable report of extended Trial Balance
• Computerised system of Bookkeeping
• A simple look at how a computerised system handles these entries

Delegates Will Learn How To:

• Purpose of double entry bookkeeping
• Key elements of Bookkeeping
• Understand Accounting Terminologies
• Learn the differences between cash & accrual accounting methods
• Accounts payable and receivable
• Describe and create a Profit & Loss and Balance Sheet
• Value-added tax
• Trial balance, Extended Trial balance and control accounts
• Produce accounts for trial balance
• Preparing and presenting business reports
• Understand computerised accounting system