Professional Bookkeeping and Accounting 1 - Sales and Purchases part 2 | Paula Guilfoyle | Skillshare

Professional Bookkeeping and Accounting 1 - Sales and Purchases part 2

Paula Guilfoyle, CPA, Online Educators, Lifelong Learner

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10 Lessons (34m)
    • 1. Purchase Ledger Class intro

      1:31
    • 2. The Purchasing process and checking invoices

      7:40
    • 3. Activity - check purchase invoices

      1:11
    • 4. Coding purchases invoices

      2:20
    • 5. Coding Purchase invoices samples

      3:57
    • 6. Activity - Coding invoices

      0:40
    • 7. The Purchase Daybook

      6:17
    • 8. Creditor Reconciliations

      7:16
    • 9. Activity - creditors statements

      1:03
    • 10. Conclusion

      2:33

About This Class

This is a follow on class to Professional Bookkeeping and Accounting 1 - Sales and Purchase part 1

We will look at the purchasing process and the documents involved and we will also look at checking purchase invoices for approval.  After we have checked the invoices and credits we will also spend some time coding invoices for different analysis.  We will then transfer the data from the purchase transactions into the purchase and purchase returns day books. Finally, we will do some creditor reconciliations. 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 and approve purchase invoices

  • Code purchase invoices and credits

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

  • Reconcile creditors statements

This is the Third class in the series.  the previous classes are

1. An introduction to Bookkeeping and Accounting

2. Professional Bookkeeping and Accounting 1 - Sales and Purchases part 1