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Liberty Accounts Software course is about how to use Liberty Accounts based on the most popular functions which you as a Liberty Accounting operator needs to know how to use, in order to be proficient in using the software.
The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:
You’ll learn how to set up the Liberty accounting system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.
This is a useful course if:
You will be given free access to Liberty Accounts. The software is completely free. This course is based on the free version. As a tutor who has assessed various 'free' accounting software packages out there, in comparison to others, this was one of the easiest and it had a lot of functionality.
The course materials includes the handout of the assignment task.
Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.
The course will take about 3-4 hours to complete.
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Desktop, iOS and Android.
Certificate of completion.
|Section 1: Getting Prepared - Access the software and course materials|
Introduction to the course and your tutorPreview
Free trial sign upPreview
Activate Liberty accountsPreview
|Section 2: Getting Started|
Amend the chart of accounts
Add opening balances
Report opening trial balance
|Section 3: Setting up the system|
Reverse opening balances - accruals and prepayments
Reverse the opening accrual - show a report
|Section 4: Nominal Ledger|
Amend the nominal ledger
|Section 5: Customers & Suppliers|
Add new customers
|Section 6: Sales Ledger|
Post Customer invoices 1001-1003
Customer invoices 1004-1008
Post customer credit notes
Customer account activity
|Section 7: Purchase Ledger|
Post Supplier invoices
Post Supplier Credit Notes
Supplier activity and aged creditors report
Enter supplier cheques
Supplier payments reports
Post receipts from customers
|Section 8: Petty Cash|
Post petty cash - top up
Petty cash payments part 1
Petty cash payments part 2 (no 27 onwards)
Petty cash payments report
Sundry payments report
|Section 9: VAT Return|
|Section 10: Banking|
Reconcile the bank
Post the wages
Wages journal report
Month end adjustments
Month end reports
|Section 11: Conclusion|
Recap and how it all fits together
What happens next?
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.