Mastering Manual Bookkeeping

What you'll learn

• Prepare nominal accounts manually

• Prepare a trial balance

• Learning to prepare financial statements and reports, including balance sheets and income statements

• Prepare the VAT Return

• Understand the fundamentals of manual bookkeeping, including the various types of accounts and ledgers used in the practice

• Develop proficiency in double-entry bookkeeping, including the ability to accurately record transactions and reconcile accounts

• Understand best practices for manual bookkeeping, including strategies for minimizing errors and maintaining accurate records over time

Requirements

• Students will need to understand double entry bookkeeping - although we will recap the principle

• Having excel or a spreadsheet program will be helpful, although not essential

• Students will need a calculator and lined paper

Description

Are you a student who wants to learn bookkeeping from scratch? Do you want to gain a better understanding of bookkeeping in general? If so, Manual Bookkeeping Level 2 is the perfect course for you. In this course, you will learn how to update manual ledger accounts, prepare a Profit and Loss Account, Balance Sheet and VAT return. The course is structured around various scenarios which will place you as a bookkeeper in various organizations, allowing you to practice and learn by doing.

What makes this course unique is its practical approach. You will be shown the workings on the screen, using an excel spreadsheet to speed up calculations. However, you can also do the course using just a pen and paper. You will receive a course workbook with suggested answers on paper, so you can print this off and check and mark your own answers as well as follow the tutor on the screen when working through the scenarios and questions.

This course is ideal for students who want more practice and teaching. Even if you currently use bookkeeping software, the knowledge gained on this course will help you to understand what is going on 'behind the scenes' of the program. The course tutor was a Fellow Member of the AAT and has been using manual and computerized methods since 1996.

Enroll now in Manual Bookkeeping Level 2 and gain the practical knowledge and skills you need to succeed in bookkeeping. The course takes about three hours to complete and is perfect for those who want to learn bookkeeping from scratch. This is completely entry level, and the knowledge gained on this course will help you to understand what is going on 'behind the scenes' of whatever software program you use - making you a much better bookkeeper, than those who just rely on GIGO (garbage in, garbage out). You'll be able to understand how to fix issues with simple journals if the books don't look like how they should. Some accountants even struggle with the fundamental basics, but on this course we take you right back to the beginning, so that you understand what bookkeeping actually is.

The course is designed to provide a comprehensive understanding of manual bookkeeping, including double-entry bookkeeping and financial statement preparation, and explore best practices for efficient and accurate record-keeping. Whether you are looking to start your own business or advance your career in accounting, this course will provide you with the knowledge and skills you need to succeed.

Who this course is for:

• Students who want to understand how manual bookkeeping is performed

• Small business owners, entrepreneurs, freelancers, accounting professionals and students