Bookkeeping- Case Study Day 1

Daybooks

By the end of the course participants will have had practical exposure to daybooks by completing two months of transactions for a fictional client, 'Wanda of Whetstone'.

Participants will gain experience of manual bookkeeping through writing up:

• Sales daybook from sales invoices
• Purchase daybook from purchase invoices
• Cashbook receipts from paying-in slips and BACS remittance advices
• Cashbook payments from cheque book stubs and BACS submission reports
• Petty cash book from vouchers and bank receipts

In addition, participants will be taken through bank reconciliation procedures.

As well as exposure to manual bookkeeping, participants will also be shown how daybooks appear when accounts preparation packages such as Sage are used.

Ledgers

By the end of the course participants will have had practical exposure to the sales and purchase ledgers by completing two months of transactions for a fictional client, 'Wanda of Whetstone'.

Participants will gain experience of manual bookkeeping through:

• Writing up sales ledger from sales daybook and cashbook receipts
• Writing up purchase ledger from purchase daybook and cashbook payments
• Balancing off sales and purchase ledgers
• Extracting lists of balances

As well as exposure to manual bookkeeping, participants will also be shown how ledgers appear when accounts preparation packages such as Sage are used.