Practical Accountancy Training and Work Experience

Basic Bookkeeping Courses

You may wonder why you need to understand the core concepts of accounting and bookkeeping when a bookkeeper is hired to record your Sales and Purchases, then prepare the financial statements and tax documents at the end of the year?

The Owners, Directors and Managers need to know the health of their business, and this is shown on the financial statements. In order to understand these reports you need an understanding of basic bookkeeping, how to obtain accurate information, and what each section means.

KBM Training and Recruitment offers basic bookkeeping courses which enable their students to understand the underlying concepts of bookkeeping. Our basic bookkeeping courses cover bookkeeping systems and accounting rules, types of financial activities, cash and accrual basis of accounting, etc.

The main topics covered in our basic bookkeeping courses are:

• Basic bookkeeping language: Our basic bookkeeping courses explain the terminology and definitions of accounting terms. This enables our students to understand the language used in the bookkeeping process and accounting statements.
• Accounting processes: : Our basic bookkeeping courses cover double entry bookkeeping, accounting equations, how transactions are recorded and how they impact the business.
• Debits and Credits: How each transaction has a debit and credit entry in double entry bookkeeping is an essential element of all basic bookkeeping courses. Understanding debits and credits will help you understand your financial statements and asses the health of any business.
• Data recording: Our basic bookkeeping courses explain the importance of recording all the business transaction - this facilitates managing, analysing and summarising this information.
• Ledgers and journals: How to record each transaction in double-entry bookkeeping and widely used bookkeeping software (Sage, Quickbooks, IRIS, TAS & VT) is covered by our basic bookkeeping courses. The debit and credit details of each transaction are recorded in ledgers. The different ledgers and when to use journals for unusual transactions is also explained.
• Financial statements: The Balance Sheet, profit and loss statement and trial balance are the main financial statements used to show the health of a business during a year. Our basic bookkeeping courses explain how to prepare these statements and what they say about the business.
• Reviews: Having explained and demonstrated the essential bookkeeping elements, students of our basic bookkeeping courses also have access to online tests to help review their learning, and opportunity to discuss the concepts, definitions and processes with their tutors.