Professional Bookkeeping and Accounting 1 - Sales and Purchases part 1 | Paula Guilfoyle | Skillshare

Professional Bookkeeping and Accounting 1 - Sales and Purchases part 1

Paula Guilfoyle, CPA, Online Educators, Lifelong Learner

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19 Lessons (1h 2m)
    • 1. 1intro

    • 2. What is Sales tax

    • 3. The principles of sales tax

    • 4. How to calculate sales tax

    • 5. Coding

    • 6. Coding Samples

    • 7. Class project - case study

    • 8. Introduction to accounting for sales

    • 9. Sales Invoices

    • 10. Preparing Sales invoice with and without trade discount

    • 11. Sales invoices without settlement discount

    • 12. Sales credit notes

    • 13. Case study activity 1

    • 14. Statement and the AR department

    • 15. Case study activity 2

    • 16. Overview of the prime books of entry

    • 17. Sales daybook

    • 18. Case study activity 3

    • 19. Conclusion


About This Class

Professional Bookkeeping and Accounting 1 - a comprehensive course for those that need to record and account for Sales and Purchase transactions.

In This Class, You Will Learn How To Record And Account For Sales And Purchase transactions. You Will Also Learn The Process Behind These Transactions.

Do you need to understand and record sales or purchase 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

Course Overview

Section 1 of this course is an introduction section. After the course introduction we will begin this course by introducing you to both Sales Tax and Coding as you will need a working understanding of these through out 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 Sales.  We will look at preparing invoices and credits, with and without trade and settlement discounts. We will look at a statements and we will discuss the role of the AR department. After this we will look at the prime books of entry, cross totting and transferring information from invoices and credits to the sales and sales returns day books.  Through out 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:

  • Prepare sales invoices and credits with and without discounts and sales tax

  • Prepare customer statement

  • Enter sales transaction to the day books and then close the day books

In the second part of Professional Bookkeeping and Account 1 - Sales and purchases, we will move on to Purchases