Accounts Clerk

Course Outline

PRINCIPLES OF VAT

  • Understand current VAT regulations

PREPARING AND RECORDING FINANCIAL  DOCUMENTATION

  • Prepare the financial  documents to be sent to credit customers
  • Enter sales invoices and credit notes into the  appropriate books of prime  entry
  • Process payments from customers
  • Process suppliers’ invoices  and credit notes
  • Enter supplier invoices and credit notes into the  appropriate books of prime  entry
  • Prepare payments to suppliers

MAINTAINING PETTY CASH RECORDS

  • Complete a petty cash voucher
  • Maintain an analysed petty cash book
  • Maintain the petty cash balance

MAINTAINING AND RECONCILING THE CASHBOOK

  •  Maintain a three Column  analysed cashbook
  •  Reconcile a bank statement with the cashbook

MAINTAINING THE JOURNAL

  • Open a new set of double entry bookkeeping records using the journal
  • Use the Journal to correct errors  disclosed and not disclosed by the  trial balance.
  • Create and clear a suspense  account using the Journal.
  • Use the Journal to record other  transactions
  • Use the Journal to process wages  costs.

PROCESSING LEDGER TRANSACTIONS AND EXTRACTING A TRIAL BALANCE

  • Process ledger transactions from  the books of prime entry
  • Prepare ledger balances and an initial trial balance

MAINTAINING CONTROL ACCOUNTS

  •  Prepare sales and purchase ledger and tax control accounts
  •  Reconcile sales and purchase ledger and tax control accounts
Course Information
  • Course Id:BIS103
  • Timings:Full Time/Part Time
Department
Business

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