Fundamentals of Purchase Ledgers

Fundamentals of Purchase Ledgers

Learn how to manage purchase ledgers like a pro in this hands-on event!

By Training Station

Select date and time

Friday, May 30 · 6 - 7am PDT

Location

Online

Refund Policy

Refunds up to 7 days before event

About this event

Master the essentials of purchase ledgers, reconciliation, and auditing with this focused, expert-led finance course online.


Overview
Gain a solid grasp of purchase ledger fundamentals, essential for anyone working with financial records and accounts. This course demystifies key concepts like purchase ledger accounts, control accounts, and their connection with sales ledgers, ensuring you understand the financial flow within businesses.

Explore the differences between sales and purchase ledgers, and develop a clear understanding of reconciliation processes and paperless purchase systems. With a final focus on auditing and vouching, this course equips you with the knowledge to confidently manage and verify ledger accuracy, ideal for enhancing your financial acumen.

Learning Outcomes:

  • Understand the structure and purpose of purchase ledger accounts.
  • Identify key differences between sales and purchase ledgers.
  • Explain the role of purchase ledger control accounts in finance.
  • Perform ledger reconciliations with accuracy and attention to detail.
  • Recognise the benefits of paperless purchase processing systems.
  • Apply auditing principles to vouch and verify ledger entries.

Course Curriculum:

  • Module 1: Introduction to Purchase Ledger
  • Module 2: Purchase Ledger Account
  • Module 3: Purchase Ledger Control Account
  • Module 4: The Sales Ledger and the Purchase Ledger
  • Module 5: Difference Between Sales Ledger and Purchase Ledger
  • Module 6: Reconciliation
  • Module 7: Paperless Purchase
  • Module 8: Auditing – Vouching of Ledger

Who is this Course For:

  • Finance professionals aiming to strengthen ledger knowledge.
  • Accounts clerks seeking to improve purchase ledger accuracy.
  • Small business owners managing their own financial records.
  • Students preparing for careers in bookkeeping or accounting.
  • Administrative staff involved in financial data management.
  • Auditors requiring a refresher on ledger vouching techniques.
  • Payroll officers interested in understanding ledger linkages.
  • Anyone wanting a clearer view of purchase and sales ledgers.

Career Path:

  • Purchase Ledger Clerk — Average UK Salary: £22,000
  • Accounts Assistant — Average UK Salary: £23,500
  • Bookkeeper — Average UK Salary: £25,000
  • Audit Assistant — Average UK Salary: £27,000
  • Finance Administrator — Average UK Salary: £24,500
  • Credit Controller — Average UK Salary: £28,000

Frequently asked questions

What is the basic purchase ledger?

A purchase ledger is a detailed record of all credit purchases made by a business, tracking amounts owed to suppliers.

What are the basics of ledger?

A ledger is a book or digital record where all financial transactions are recorded systematically by accounts.

How to prepare a purchase ledger?

Record all purchase invoices, credit notes, payments to suppliers, and update balances regularly to track outstanding amounts.

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Training Station

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