Professional Bookkeeping & Accounting 1: Sales & Purchases

Master bookkeeping with our comprehensive course on recording sales and purchase transactions. Gain confidence in invoicing, tax calculations, and financial analysis.

  • Overview
  • Curriculum
  • Instructor
  • Review

Brief Summary

This course is all about mastering the basics of bookkeeping and accounting for sales and purchases. You'll dive into recording transactions, managing invoices, and understanding sales tax, empowering you to keep your business in check while preparing for a career in accounting!

Key Points

  • Understanding how to record sales and purchase transactions
  • Introduction to Sales Tax and Coding
  • Preparing invoices and credits with and without discounts
  • Checking and approving purchase invoices
  • Reconciliation of creditors statements

Learning Outcomes

  • Gain confidence in recording sales and purchase transactions
  • Learn to prepare accurate invoices and credits
  • Master the process of checking and coding purchase invoices
  • Understand sales tax calculations and implications
  • Become proficient in reconciling creditor statements

About This Course

A comprehensive guide to bookkeeping and accounting for Sales and Purchases

Professional Bookkeeping and Accounting 1 - a comprehensive course for those that need to record and account for Sales and Purchase transactions.

In This Course You Will Learn How To Record And Account For Sales And Purchase transactions. You Will Also Learn The Process Behind These Transactions.

Do you need to understand and record sales or purchase transactions for your business? Are you considering a career in Bookkeeping or Accounting? Are you studying for Professional Accounting or Bookkeeping exams? THEN REGISTER NOW

Course Overview

Section 1 of this course is an introduction section. After the course introduction we will begin this course by introducing you to both Sales Tax and Coding as you will need a working understanding of these through out this course. You will also be presented with the case study that we will use in the activities in section 2 and 3 of this course.

In section 2 we will move into Sales. We will look at preparing invoices and credits, with and without trade and settlement discounts. We will look at a statements and we will discuss the role of the AR department. After this we will look at the prime books of entry, cross totting and transferring information from invoices and credits to the sales and sales returns day books. Through out this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:

  • Prepare sales invoices and credits with and without discounts and sales tax

  • Prepare customer statement

  • Enter sales transaction to the day books and then close the day books

Section 3 of this course is about Purchases. We will look at the purchasing process and the documents involved and we will also look at checking purchase invoices for approval. After we have checked the invoices and credits we will also spend some time coding invoices for different analysis. We will then transfer the data from the purchase transactions into the purchase and purchase returns day books. Finally we will do some creditor reconciliations. Through out this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:

  • Check and approve purchase invoices

  • Code purchase invoices and credits

  • Enter purchase transaction to the day books and then close the day books

  • Reconcile creditors statements

This course contains:

A case study that we will use through out this course

Workbooks to download - (Section 3 Not yet available)

Activities to complete

Quiz - (Not yet available)

Certificate of Completion

******BONUS****** FREE Join a community of other learners where you can interact with each other and with the instructor.

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REGISTER NOW and get started with Professional Bookkeeping and Accounting 1!

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By the end of this course, you'll have the knowledge and confidence and understanding to record your sales and purchase transactions in your day books. You will also be confident in reading and preparing sales and purchase invoices, with and with out discount and sales tax.

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Your purchase is 100% RISK FREE with a 30 day money-back guarantee. If you don't learn anything new from this course, simply request a refund within your 30 day period for your money back, no questions asked.

  • Describe the principles of Sales tax

  • Calculate Sales Tax

  •    Explain the importance of an invoice and what details you will find on an invoice

Instructor

Profile photo of Paula Guilfoyle CPA
Paula Guilfoyle CPA

With over 25 years of expertise in Accountancy, Business Management, and Operations, I, Paula, am a seasoned CPA (Certified Public Accountant) dedicated to empowering learners with practical skills and knowledge. As a former Microsoft MVP (Most Valuable Professional) in Excel for two consecutive years (2020 & 2021), I've been recognized for my commitment to excellence in spreadsheet solutions and financial...

Review
4.9 course rating
4K ratings
ui-avatar of Shantel Carter
Shantel C.
5.0
1 year ago

i am currently in school for human resources. This cert will help me in this profession.

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  • Not helpful
ui-avatar of Clarissa Delprat
Clarissa D.
4.0
1 year ago

The course modules provideed are applicable to real life bookkeeping.

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ui-avatar of Abhinash Limboo
Abhinash L.
5.0
3 years ago

Good and knowledgeable course

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  • Not helpful
ui-avatar of Cari Gongwer
Cari G.
2.5
4 years ago

The formulas were not corrected from activity to activity and therefore answers did not match. Quality of the show was horrible. MY computer volume was set at 100 and the video was difficult to hear in segments. Additionally there were quite a few segments that did not have any video showing.

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ui-avatar of My Phuong Hoang
My P. H.
1.0
4 years ago

The course is way to simple. It is not much to learn. Not recommended!

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ui-avatar of Sophy Sharon Ambundo
Sophy S. A.
4.0
4 years ago

good

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ui-avatar of Riza Bulent OZYIGIT
Riza B. O.
3.0
5 years ago

Beklentilerimi karşılayamadı ve kaynakların hiçbirini bilgisayarımda açamadım. (Mac OS)

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ui-avatar of Johanna Villaflores
Johanna V.
3.0
5 years ago

Starting Section 2 in the course, the resources are non-downloadable. Also, there are videos that have blank parts in the later part.

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ui-avatar of Ledoria Garrett
Ledoria G.
2.0
5 years ago

Not at all the accounting or bookkeeping of a classroom setting.

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ui-avatar of Trudie edwards
Trudie E.
1.0
5 years ago

If the full content was visible it would be great. The examples and the activités don’t play it is just a black screen

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