Now enrolling Thursdays Classroom based
What you will learn
Explain the key terminology associated with the recording and maintenance of bookkeeping records, using manual and using Sage 50 computerised systems
∙ Complete the books of first entry with appropriate VAT and departmental analysis from the information contained in a range of source documents to include; invoices, credit notes, bank records, petty cash vouchers.
∙ Post the information from the daybooks to the appropriate accounts in the ledgers.
∙ Extract a trial balance at the end of an accounting period.
∙ Prepare a Bank Reconciliation Statement from data supplied.
∙ Prepare the end-of-period VAT Return in accordance with the requirements of the Revenue Commissioners.
∙ Process all tasks as per the manual ones using an accounts package SAGE 50 Accounts, comparing manual and computerised results.
∙ Analyse tasks completed making appropriate corrections to any errors and editing of data as directed.
∙ Print a selection of reports after backing up computerised data on a suitable medium.
∙ Outline the advantages and disadvantages of a computerised system over a manual one for record keeping purposes.