Bookkeeping Systems
5.0 (1 rating)
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Bookkeeping Systems

An overview of the traditional manual bookkeeping system and a computerised bookkeeping system.
5.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
19 students enrolled
Created by Lisa Newton
Last updated 3/2015
English
Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of the course you will be able to implement a bookkeeping system for your small business
  • Understand common accounting terminology
  • Understand the relationship between the books of prime entry in a manual system
  • See how a manual system relates to a computerised system
View Curriculum
Requirements
  • An interest in business
Description

The course is about bookkeeping systems - how the manual accounting records (namely the books of prime entry) interrelate with each other and we compare this to the alternative option of using a computerised system - we look at Quickbooks desktop.

Whether you are in an office or work from home - you'll need to make a decision as to which bookkeeping system (manual or computerised) will be most appropriate for you. We explain bookkeeping terminology such as assets, liabilities, income and expenses, books of prime entry – sales ledger, purchase ledger, nominal ledger, bank account, petty cash, journals - and where these items are found in an accounting system.

If you understand the mechanics behind a manual accounting system, then you’ll be able to understand literally any computerised accounting system because the principal will be the same. Many people jump straight into a computerised system without the understanding of what is really going on behind the scenes – this course will help you to understand about bookkeeping systems – manual and computerised.

The course will take approx 1 hour to complete.

It's an ideal course if you are working in the accounts / finance department and/or if you are thinking of embarking on a career in accountancy or bookkeeping and part of your requirement is to do the books, organise yourself and set up a bookkeeping system and report back to the owners of the firm. If you’ve always wondered how the manual system relates to the computerised system (or vice versa), then this course will help.

The course includes a booklet. The structure is a video lecture - you follow along with the booklet.

If you are thinking of starting your own business and want to understand what is required to set up a bookkeeping system then this course is for you.

Who is the target audience?
  • Business owners, students of accountancy / finance / bookkeeping, budding finance directors and management accountants
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Curriculum For This Course
Expand All 9 Lectures Collapse All 9 Lectures 01:08:44
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Introduction to the course
1 Lecture 01:32

What we will cover

Preview 01:32
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Bookkeeping systems
3 Lectures 29:39

How to organize your physical paperwork for efficiency

Preview 06:46

How to keep your physical files to do the bookkeeping, what to consider when choosing a computerised system, various accounting terminology.

Preview 10:14

Overview of a computerised bookkeeping system (Quickbooks).

Overview of a computerised bookkeeping system (QUICKBOOKS)
12:39
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The functionality of bookkeeping
4 Lectures 32:09
Bookkeeping history summary
07:39

Look at sales ledger, purchased ledger and petty cash

The ledgers
09:51

Look at preparing a trial balance, accounting adjustments and nominal codes

Trial Balance
10:14

Overview of a profit and loss account and a balance sheet

Final figures
04:25
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On a personal note
1 Lecture 05:24

The personal side of looking at assets, liabilities, income and expenses

Assets, Liabilities, Income & Expenses
05:24
About the Instructor
Lisa Newton
4.0 Average rating
255 Reviews
3,366 Students
88 Courses
Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.