Professional Bookkeeping & Accounting 2 - Bank Daybook
- 1.5 hours on-demand video
- 12 articles
- 5 downloadable resources
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Explain and Carry out the bookkeeping and accounting process for Petty cash, including preparing petty cash vouchers, replenishing petty cash either using an imprest or non-imprest , reconciling the cash, recording transaction in the Petty Cash Day book and closing off the day book.
- Explain and Carry out the bookkeeping and accounting process for Bank transactions including preparing payments, reconciling receipts, recording transactions in the Cash Books and closing off the Cashbooks
- Carry out bank reconciliations between the records you keep and a bank statement
- The Case Study and Activities in this course are carried out in Excel. You will need to have Excel 2007 or higher and basic Excel knowledge, such as that covered in the Udemy course Basic Excel for Basic Bookkeeping.
- No prior knowledge of Banking or Petty Cash transactions is required. It would be advantageous, but not essential, to have covered the topics in the Udemy course Introduction to Bookkeeping and Accounting and Professional Bookkeeping and Accounting 1 - Sales and Purchases
Professional Bookkeeping and Accounting 2 - a comprehensive course for those that need to record and account for Petty Cash and Bank transactions.
In This Course You Will Learn How To Record And Account For Petty Cash And Banking transactions. You Will Also Learn The Process Behind These Transactions and the Relevant Reconciliations.
Do you need to understand and record petty cash or banking transactions for your business? Are you considering a career in Bookkeeping or Accounting? Are you studying for Professional Accounting or Bookkeeping exams? THEN REGISTER NOW
Section 1 of this course is an introduction section. After the course introduction, we will begin this course by introducing you to both the prime books of entry and cross totting as you will need a working understanding of these throughout this course. You will also be presented with the case study that we will use in the activities in section 2 and 3 of this course.
In section 2 we will move into Petty Cash. We will walk through each step of the petty cash process from raising petty cash vouchers, entering data to the daybook and reconciling and replenishing the petty cash. Throughout this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:
Raise petty cash vouchers
Enter petty cash transactions to the petty cash daybook
Close the daybook and calculate the balance carried down
Reconcile the petty cash
Replenish the petty cash
Section 3 of this course is about Banking Transactions. Throughout this section you will have a number of activities using the case study presented in section 1 and these activities will give you the opportunity to:
Check remittance advice
Enter payments and receipts to the 3 column and analysis cash book
Close the cash book and calculate the balance carried down
Reconcile the bank
This course contains:
A case study that we will use throughout this course
Workbooks to download
Activities to complete
Certificate of Completion
REGISTER NOW and get started with Professional Bookkeeping and Accounting 2 - Petty cash and Banking transactions!
Your purchase is 100% RISK FREE with a 30 day money-back guarantee. If you don't learn anything new from this course, simply request a refund within your 30 day period for your money back, no questions asked.
- You Should take this course if you are interested in a career in Bookkeeping and Accounting.
- You Should take this course if you are currently studying for Professional Accounting or Bookkeeping exams and need help with Banking or Petty Cash transactions.
- You Should take this course if you need to carry out bookkeeping for Banking or Petty cash transactions for your organisation.
- You Should take this course if you are re-entering the workplace and you need a refresher course.
- This course is NOT for you if you have no desire to learn about Banking and Petty Cash transactions from a Bookkeeping and Accounting perspective
Welcome to Professional Bookkeeping and Accounting 2. A course focused on Bookkeeping and Accounting for Petty Cash and the Bank transactions. This lesson will introduce you to the course and the learning objectives, the case study the you will use through out this course and the activities that you will encounter.
This course contains a number of files to download. In order to avoid confusion, this lesson will give clear guidlines as to where these resources are located
Through out this course, we will work from a case study. Please make sure that you read this lecture Professional Bookkeeping and Accounting 2 - Case study (which is also available for download in the addational resources) The activies that you encounter will build on the case study and the results from activites feed into following activities. it is important therefore that you complete each activity before you move on to the next activity.
Welome to section 2 Petty Cash. In this lesson we will introduce you to the Petty cash concept. We will then look at the learning goals for this section and the activities that you will carry out through out this section to practice what we have covered.
In section 1 we looked at Daybooks and cross totting. In this lesson we will enter the petty cash transaction to the petty cash daybook. Entering petty cash transactions to the daybooks and closing the petty cash day books are tasks that every Professional Bookkeeper and Accountant should know and in the next lesson we will look at closing the petty cash day book
Entering transactions to the petty cash day book is a task every professional accountant or bookkeeper should be able to do with ease. use this activity to practice what we have covered in the previous lesson, entering transactions to the petty cash day book
Once all of the enteries for the period have been entered into the petty cash daybook by the accountant or bookkeeper, the day book must be closed. In this lesson we will look at closing the petty cash daybook, cross totting the entries and calculating the balance carried forward.
So far we have looked at spending petty cash and accounting for the spend. But how does the cash actually get into the tin and how much should you put in? In this lesson we will look at 2 methods for replensihing petty cash, the Imprest and non imprest system
Welome to section 2 Bank Transactions. In this lesson we will introduce you to Banking transactions, we will then look at the learning goals for this section and the activities that you will carry out through out this section.
When customer make a payment to you, they will send you a Remittance. An a Professional Bookkeeper or Accountant you need to know how to check a remittance and what to do if there are descripances
In section 1 we looked at Day books and we also looked at the petty cash day book in section 2. In this lesson we will look at the 3 column cash book we will record some transactions together before you move on to an activity where you will have to record bank transactions for the case study
In addation to the 3 column cash book, banking transactions are commonly recorded into an analysed cash book. As a bookkeeper or accountant, this is a task you must be comftorable completing, so we will record some transactions into the analysed cash book
Now that we have looked at 2 types of cash books, we now need to cross tot and close off the cash books. We looked at cross totting in an earlier section, so you should already be familiar with this. Lets look at an example before you close of the cash books for the case study.
As a professional bookkeeper or accountant, it might be your role to prepare the totals and the balance to be carried forward as part of closing the cash books. In this activity you will get the opportunity to close a cash book and calculate the balance to be carried forward.