Professional Bookkeeping and Accounting 1 - Sales and Purchases 

Outline the importance of bookkeeping and its links to accounting

Define ‘assets’, ‘liabilities’, ‘revenue and ‘expenditure’

Explain the principles of the sales tax

Outline the importance of an invoice and identify its important details

Describe the purpose and primary data information offered by a financial statement

State the role of the Accounts Receivable (AR) department

Outline the purpose of ‘cross totting’ and ‘creditor reconciliation’

Discuss the process of recording sales, credits, purchases and returns in daybooks

Describe the purchasing process and the documents involved

Discuss the process for approving a purchase invoice

This course teaches you how to record and account for sales and purchase transactions

An introduction to bookkeeping and accounting that introduces you to assets and liabilities on the balance sheet, common business records and the Accounting Equation

The course then covers the purchasing process and the documents involved