Bookkeeping Systems

An overview of the traditional manual bookkeeping system and a computerised bookkeeping system.
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Instructed by Lisa Newton Business / Finance
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  • Lectures 9
  • Length 1 hour
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2014 English

Course 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.

What are the requirements?

  • An interest in business

What am I going to get from this course?

  • 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

Who is the target audience?

  • Business owners, students of accountancy / finance / bookkeeping, budding finance directors and management accountants

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Introduction to the course

What we will cover

Section 2: Bookkeeping systems

How to organize your physical paperwork for efficiency


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


Overview of a computerised bookkeeping system (Quickbooks).

Section 3: The functionality of bookkeeping
Bookkeeping history summary

Look at sales ledger, purchased ledger and petty cash


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


Overview of a profit and loss account and a balance sheet

Section 4: On a personal note

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

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Instructor Biography

Lisa Newton, 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, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

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 and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

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 and cosmic ordering.

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