Overview
The IAB Level 1 Award in Manual Bookkeeping is made up of the following:
5 – Online Assignments
Who is this qualification for?
- Individuals who wish to begin their studies of bookkeeping 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
- Owners of small businesses 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 the underpinning knowledge of bookkeeping for the processing of financial transactions using a computerised accounting system.
What you’ll study
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
Learning Resources Available
Next Steps After Passing
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