UNDERSTANDING BOOKKEEPING

Colin, who has previously been very successful teaching adult classes, has produced for us an easy to learn seven part bookkeeping course. For managers and business owners we suggest reading through the course with particular emphasis on lessons 1 and 2 and then further sections of interest such as Credit Control, Nominal Account Listings, the difference between Assets and Expenses, Depreciation and Stock Valuation.
The major content in each lesson are as follows:-
L1  The four simple rules for recording business transactions. An introduction to Double Entry Bookkeeping.
L2  Recording transactions in the Ledger. The Trial Balance.
L3  Books of Prime Entry. Sales Day Book, Purchases Day Book, Month End tasks, Aged Debt Analysis, Credit Control.
L4  Analysed Cash Book, Control Accounts, Journal Entries.
L5  Nominal Accounts Listings, Capital, Fixed and Current Assets, Liabilities, Income Accounts, Expense Accounts.
L6  Depreciation, Prepayments and Accruals, Bad Debt Provision, Stock Valuation.
L7  The Accounting Equation.
For anyone working in the accounts environment then full study of this course will enable you to study for the AAT professional bookkeeping qualification starting at Level 2. Much of the AAT Level 2 is covered by this course and passing Level 2 examinations will entitle you to the AAT bookkeeper Foundation Certificate.
It is essential to have a secure bookkeeping system and we consider Colin’s article “Duties of a Bookkeeper” a MUST READ for business owners and bookkeepers. Other articles included on the website include “How to Learn Bookkeeping”.