LESSONS – SAGE BOOKKEEPING FUNDAMENTALS

Bookkeeping Fundamentals

BOOKKEEPING COURSES

  • Bookkeeping Fundamentals

What you will cover - Lesson Outline

 

Lesson 01 - Bookkeeping Introduction

  • The Differences of companies in South Africa
  • What is accounting/Bookkeeping
  • The bookkeeping and Accounting cycle
  • The accounting equation
  • Transactions and accounts

 

Lesson 02 – Value added Tax (VAT)

  • What is VAT
  • The different VAT categories
  • Calculating VAT
  • VAT processing
  • The mark up, gross margin and VAT
  • Completing the VAT201 report

 

Lesson 03 – Inventory

  • Inventory Systems
  • Costing methods

 

Lesson 04 – Source Documents

  • Source Documents
  • Deposit Books / slips
  • Cheque counterfoils
  • Petty cash Vouchers
  • Tax Invoices
  • Credit Notes / Returns

 

Lesson 05 – Subsidiary Journals

  • Introduction to Subsidiary Journals
  • Creditors and creditors allowance journals
  • Debtors and debtors allowance journals
  • Cashbook Journals
  • The Cashbook receipts journal
  • The Cashbook payments journal
  • Petty Cash Journals
  • The General Journal
  • Totaling your Journal

 

Lesson 06 – Bank Reconciliation

  • Introduction
  • The Bank Reconciliation

 

Lesson 07 – The General Ledger

  • Different sections of a general ledger
  • Posting to the general ledger
  • Closing off ledger Accounts

 

Lesson 08 – The Trial Balance

  • Introduction
  • Post from your general ledger to your trial balance

 

Lesson 09 – The Statement of Income

  • Posting to your statement of Income

 

Lesson 10 – The Statement of Financial Position

  • Posting to your statement of financial position
s2Member®