Professional Bookkeeping & Accounting 1: Sales & Purchases

A comprehensive guide to bookkeeping and accounting for Sales and Purchases

Ratings 3.84 / 5.00
Professional Bookkeeping & Accounting 1: Sales & Purchases

What You Will Learn!

  • 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

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.

Who Should Attend!

  • If you are interested in a career in Bookkeeping and Accounting then this course is for you
  • If you are currently studying for Professional Accounting or Bookkeeping exams then this course is for you
  • If you need to be able to carry out bookkeeping for your sales and your purchases then this course is for you
  • Are you re-entering the workplace and you need a refresher course, then this is for you
  • This course is NOT for you if you have no desire to learn about Sales and Purchases from a Bookkeeping and Accounting perspective

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Tags

  • Accounting
  • Bookkeeping

Subscribers

866

Lectures

34

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