Introduction to Bookkeeping and Accounting Methods

Most businesses operate without accounting or bookkeeping strategies, but learning to keep proper and correct records can significantly improve your earning potential. Bookkeeping and accounting are vital, no matter the size of your business or organisation. This course will take you through the various bookkeeping techniques, how to record transactions and the critical financial statements involved. We will then explore the two approaches to accounting: the cash-based and accrual-basis methods, along with their advantages and disadvantages.

The course then delves into bookkeeping services, such as double-entry and single-entry bookkeeping, in addition to virtual bookkeeping. Learn the five best invoicing tips for protecting your business from lawsuits and growing your firm simultaneously. We analyse the four most common types of financial statements and the fundamentals of what constitutes financial reporting for any UK-based company.

Purchase orders are essential papers for companies. Explore traditional methods of purchase orders, why these are insufficient, and discuss the advantages of automation and strategies for implementing electronic tracking of purchase orders. This course is brought to you by Training Facility UK and will help boost your skill set and CV. Start now and improve your bookkeeping and accounting skills.