Overview
This qualification acts as an introduction to the manual elements of financial record keeping and also gives candidates the necessary skills in carrying out a range of basic day-to-day computerised bookkeeping routines and activities using commercially available computerised accounting software
The Level 1 Award in Manual and Computerised Bookkeeping is made up of the following:
5 – Online Assignments
1 – Examination
Who is this qualification for?
The IAB Level 1 Award in Manual and Computerised Bookkeeping is suitable for:
- Individuals who wish to begin their studies of bookkeeping and gain an entry level qualification at Level 1 of the National Framework from a point of no previous knowledge.
- Individuals who have some practical knowledge and skills at this level and wish to gain an accredited qualification in the subject.
- Owners of small businesses may also find this qualification useful as it gives coverage of the keeping of a single entry book manual keeping system, suitable for the production of small business accounts and also acts as some of the underpinning knowledge required for the processing of financial transactions using a computerised accounting system.
What you’ll study
The IAB Level 1 Award in Manual and Computerised Bookkeeping contains the following units:
Recording receipts and payments – L/600/8745 (level 1 – 1 credit)
- Maintain a two column analysed cash book
- Reconcile the bank statement with the cash book
Preparing and processing book-keeping documents – M/600/8740 (level 1 – 1 credit)
- Process sales invoices and credit notes
- Process supplier invoices and credit notes
Recording Credit transactions – A/600/8742 (level 1 – 1 credit)
- Complete the day books
Making and receiving payments – J/600/8744 (level 1 – 1 credit)
- Process cash receipts
- Process cheques received and other forms of receipts
- Process payment in cash
- Make payments by cheque
- Prepare a remittance advice
Maintaining petty cash records – R/505/1120 (level 1 – 1 credit)
- Complete a petty cash voucher
- Maintain an analysed petty cash book
- Maintain the petty cash balance
Record routine bookkeeping transactions using a computerised system – R601/3641 (level 1 – 2 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to record Customer and Supplier invoices and credit notes
- Be able to process monies received
- Be able to process monies paid
- Be able to correct transaction errors
- Be able to carry out bank reconciliation
- Be able to produce reports using selection criteria and parameters
Prepare and record sales and purchase documents using a computerised system – D601/3643 (level 1 – 2 credits)
- Be able to enter and/or restore data using a Computerised Accounting Package
- Be able to prepare financial documents to be sent to credit customers
- Be able to record Supplier invoices and credit notes
- Be able to process monies paid to Suppliers
- Be able to process monies received from Customers
- Be able to maintain the petty cash account
- Be able to produce reports using selection criteria and parameters
Learning Resources Available
The Level 1 Bookkeeping QCF book covers the manual bookkeeping element of this qualification, and can be bought here
Next Steps After Passing
Upon successful completion of this qualification you could move onto one of the following qualifications:
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