Level 2 Award in Manual Bookkeeping (QCF) 601/0480/6


This qualification concentrates on the skills required in financial record keeping and account preparation within the scope of double-entry bookkeeping.

The IAB Level 2 Award in Manual Bookkeeping is made up of:

1 – Online computerised test
3 – Paper Assignments
1 – Examination

Who is this qualification for?

The IAB Level 2 Award in Manual Bookkeeping is suitable for:

  • Individuals who wish to further their studies of manual bookkeeping
  • Individuals who have some practical knowledge and skills and wish to gain an accredited qualification in this subject.

What you’ll study

The IAB Level 2 Award in Manual Bookkeeping contains the following units:

Principles of VAT – A/505/1094 (level 3 – 2 credits)

  • Understand  current VAT regulations

Preparing and recording financial documentation – H/505/1106 (level 2 – 2 credits)

  • Prepare the financial documents to be sent to credit customers
  • Enter sales invoices and credit notes into the appropriate books of prime entry
  • Process payments from customers
  • Process suppliers’ invoices and credit notes
  • Enter supplier invoices and credit notes into the appropriate books of prime entry
  • Prepare payments to suppliers

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

Maintaining and reconciling the cash book – D/505/1122 (level 2 – 2 credits)

  • Maintain a columnar cash book
  • Reconcile a bank statement with the cashbook

Maintaining the journal – H/505/1123 (level 2 – 2 credits)

  • Open a new set of  double entry bookkeeping records using the journal
  • Use the journal to correct bookkeeping errors
  • Use the journal to record bad debts
  • Use the Journal to account for wages, salaries and employer on-costs

Processing ledger transactions and extracting a trial balance – M/505/1125 (level 2 – 2 credits)

  • Process ledger transactions from the books of prime entry
  • Prepare ledger balances and an initial trial balance

Maintaining control accounts – K/505/1124 (level 2 – 1 credit)

  • Prepare sales ledger, purchase Ledger and VAT control accounts
  • Reconcile sales ledger, purchase ledger and VAT control accounts

If already covered in level 1 then no need to take the assessment

Learning Resources Available

The Level 2 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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