Professional Bookkeeping and Accounting 1 - Sales and Purchases
Learn how to record your sales and purchase transactions in your daybooks with this free online bookkeeping course.
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Professional Bookkeeping and Accounting 1 - Sales and Purchases is a comprehensive course for those that need to record and account for Sales and Purchase transactions. The course starts with an introduction to bookkeeping and accounting and introduces you to the asset and liabilities, the common business documents record and introduces the Accounting Equation. The course then introduces you to both Sales Tax and Coding for sales invoices and credits, preparing customer statements and making entries into the day books.
The course then looks at the purchasing process and the documents involved and you will also look at checking purchase invoices for approval, coding them for analysis purposes and transferring the transactions into the purchase and purchase returns day books before finally doing some creditor reconciliations. Throughout the course there are exercises for you to complete on your own – supporting workbooks and examples are also provided.
If you are interested in accounting as a career or you are a business professional looking to learn new skills, then this is the course for you. Start this free online course today and you will gain new skills such as recording your sales and purchase transactions in your daybooks, and reading and preparing sales and purchase invoices.Start Course Now
Having completed this course you will be able to:
- Outline the importance of bookkeeping and how it ties in with Accounting
- Explain Assets, Liabilities, Revenue and Expenditure
- Describe the principles of Sales tax
- Explain the importance of an invoice and what details you will find on an invoice
- Describe the main details of a statement and its purpose
- Describe the role of the AR department
- Outline the purpose of cross totting and creditor reconciliation
- Detail the process of recording sales, credits, purchases and returns in the prime (day) books
- Describe the purchasing process and documents involved
- Discuss the process for approving a purchase invoice
All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:
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