Overview
This qualification introduces the practical elements of financial record keeping, in a single entry, manual bookkeeping system
The IAB Level 1 Award in Manual Bookkeeping is made up of the following:
5 – Online Assignments
Who is this qualification for?
The IAB Level 1 Award in Manual Bookkeeping is suitable 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
This qualification is made up of 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
Learning Resources Available
The Level 1 Bookkeeping QCF book covers the entirety 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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