Bookkeeping Next Steps - Newark Buttermarket - Adult Learning

Are you thinking about working in a job role e.g. Accounts Trainee or Finance Clerk, but you’re not sure yet if that’s what you want to do? Or perhaps you have previous experience of bookkeeping, but it was a long time ago and you’d like to refresh your skills. Next Steps Bookkeeping for Beginners is suitable for beginners with some knowledge or experience of bookkeeping. You don’t need a maths qualification to attend, but some knowledge or experience of bookkeeping will be beneficial.

This is a follow-on course showing you how to process financial documents that underpin accurate record keeping. You’ll learn, develop, and practice basic bookkeeping skills required for employment and/or career progression in the accounting sector. You’ll also gain the knowledge and understanding for further learning if you wish to aim for AAT Level 2 Bookkeeping, or City & Guilds Level 2 Award in Bookkeeping and Accounts. The course will focus on a range of financial documents.

After posting information from source documents to ledger accounts, you’ll then identify errors in ledger accounts, correct them, and record them in the journal. You’ll produce a revised trial balance. You’ll draw up control accounts and be able to differentiate between capital and revenue expenditure. You’ll prepare a balance sheet. You will learn how to keep the books with an emphasis on recording credit transactions for both a large company and a sole trader.

The course focus is on the system of double entry bookkeeping and processing sales, purchase and nominal ledger accounts. By the end of the course, you will have explored and gained confidence in a range of bookkeeping methods, produced clear, correct and legible records and gained skills for employment or for a move to further learning. 

By the end of the course, you will be able to:-

Identify the role of the bookkeeper

Prepare sales, purchases and nominal ledger accounts, extract a trial balance

Correct ledger accounts errors, record in journal, produce a revised trial balance

Draw up sales and purchases ledger control accounts

Differentiate between capital and revenue expenditure

Prepare a balance sheet

Maintain petty cash using the Imprest system

Please bring to the course with you:-

• You will need access to a basic calculator or use your phone. An email address because links to optional further reading will be shared via email. Although handouts and financial documentation will be provided, a pen and paper or other suitable device to make notes will be useful.

• There’s no set textbook for this course, but you may find this library book to be of interest: Frank Wood's business accounting basics / Frank Wood and David Horner. Most bookkeeping books are very similar with useful content, but Frank Wood is one of the most thorough, useful and interesting.