Manual Bookkeeping – Learn the Essentials | No Cost Online Course

Learning Outcome

• Understand the basics of manual bookkeeping and the different types of ledgers used in business transactions.
• Gain knowledge in preparing Sales Ledger Control Accounts and Purchase Ledger Control Accounts for businesses.
• Learn how to record and adjust transactions using journal entries for bad debts and similar actions.
• Understand how to manage the Cash Book and update financial records accurately on a regular basis.
• Master the process of bank reconciliation, ensuring that records match with actual bank statements.
• Learn how to prepare a Trial Balance and identify discrepancies in financial statements.
• Gain hands-on experience in posting transactions from Sales Day Book and Purchase Day Book.
• Understand how to balance accounts for Sales & Purchase Ledgers, ensuring financial data consistency.
  
  
  Course Link Manual Bookkeeping – Learn the Essentials | No Cost Online Course

Course Overview:

The Manual Bookkeeping course provides a solid foundation in traditional bookkeeping techniques, ideal for individuals who want to understand the fundamentals of managing financial records without relying on automated systems. This comprehensive course covers everything from ledger maintenance to preparing balance sheets and VAT reports, offering a deep dive into manual bookkeeping practices.

Starting with Manual Ledgers, you’ll gain insight into the key concepts and tools of bookkeeping. The course begins with an Introduction to Manual Bookkeeping and an overview of how the entire process works. Understanding the preparation of Sales and Purchase Ledger Control Accounts is essential as you learn to document financial transactions for both sides of business operations.

The course then explores practical applications like Preparing Journal Entries for writing off bad debts and updating the Cash Book. You’ll delve into the specifics of Bank Reconciliation, balancing your books to ensure they reflect the financial reality of your business. After learning how to Post Transactions from Day Books, you’ll move on to practical activities like Balancing Accounts and preparing a Trial Balance. By using real business data, you’ll see how each step fits together to create a robust financial system.

The Balance Sheet and VAT Reporting section ensures you’re prepared for compliance, teaching you how to create a balance sheet and complete VAT returns accurately. You’ll also explore concepts like Debtors and Creditors Ledger, preparing you to manage financial obligations within a company. In the final sections, you’ll get a Step-by-Step Guide on creating the VAT account and return, essential for businesses to meet tax regulations.

By the end of this course, you will be proficient in manual bookkeeping, from creating ledgers to preparing financial statements and reports, providing you with the skills to manage finances in a professional setting.