Professional Bookkeeping & Accounting 1: Sales & Purchases

  • 3.8
1.5 hours on-demand video
$ 9.99

Brief Introduction

A comprehensive guide to bookkeeping and accounting for Sales and Purchases

Description

Professional Bookkeeping and Accounting 1 - a comprehensive course for those that need to record and account for Sales and Purchase transactions.

In This Course You Will Learn How To Record And Account For Sales And Purchase transactions. You Will Also Learn The Process Behind These Transactions.

Do you need to understand and record sales or purchase transactions for your business? Are you considering a career in Bookkeeping or Accounting? Are you studying for Professional Accounting or Bookkeeping exams? THEN REGISTER NOW

Course Overview

Section 1 of this course is an introduction section. After the course introduction we will begin this course by introducing you to both Sales Tax and Coding as you will need a working understanding of these through out this course. You will also be presented with the case study that we will use in the activities in section 2 and 3 of this course.

In section 2 we will move into Sales. We will look at preparing invoices and credits, with and without trade and settlement discounts. We will look at a statements and we will discuss the role of the AR department. After this we will look at the prime books of entry, cross totting and transferring information from invoices and credits to the sales and sales returns day books. Through out this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:

  • Prepare sales invoices and credits with and without discounts and sales tax
  • Prepare customer statement
  • Enter sales transaction to the day books and then close the day books

Section 3 of this course is about Purchases. We will look at the purchasing process and the documents involved and we will also look at checking purchase invoices for approval. After we have checked the invoices and credits we will also spend some time coding invoices for different analysis. We will then transfer the data from the purchase transactions into the purchase and purchase returns day books. Finally we will do some creditor reconciliations. Through out this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:

  • Check and approve purchase invoices
  • Code purchase invoices and credits
  • Enter purchase transaction to the day books and then close the day books
  • Reconcile creditors statements

This course contains:

A case study that we will use through out this course

Workbooks to download - (Section 3 Not yet available)

Activities to complete

Quiz - (Not yet available)

Certificate of Completion

******BONUS****** FREE Join a community of other learners where you can interact with each other and with the instructor.

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REGISTER NOW and get started with Professional Bookkeeping and Accounting 1!

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By the end of this course, you'll have the knowledge and confidence and understanding to record your sales and purchase transactions in your day books. You will also be confident in reading and preparing sales and purchase invoices, with and with out discount and sales tax.

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Your purchase is 100% RISK FREE with a 30 day money-back guarantee. If you don't learn anything new from this course, simply request a refund within your 30 day period for your money back, no questions asked.

Requirements

  • Requirements
  • Case study's in this course are available for download. we have used Excel to prepare these case studies
  • it would be an advantage to be familiar with the terms and concepts outlined in the course Introduction to Bookkeeping and Accounting, as this course will give you a good foundation for Professional Bookkeeping and Accounting 1

Knowledge

  • Describe the principles of Sales tax
  • Calculate Sales Tax
  •    Explain the importance of an invoice and what details you will find on an invoice
  • Prepare sales invoices with no discounts, with trade and with settlement discount
  • Prepare credit notes
  • Describe the main details of a statement and it puropse
  • Describe the role of the AR department
  • Carry out cross totting exercises
  • Enter sales and credits to the prime books
  • Cross tot prime books to get closing balances
  • Describe the purchasing process and documents involved
  • Check a purchase invoice for approval
  • Code a purchase invoice
  • Carry out creditors reconsiliations
  • Transfer purchases and returns to the day books
  • Cross tot and close the purchase daybooks
$ 9.99
English
Available now
1.5 hours on-demand video
Paula Guilfoyle CPA & MVP
Udemy

Instructor

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