ICB Level 2 Certificate in Bookkeeping

Here, you’ll look at the role of the bookkeeper, types of businesses, setting up the business bank account, and the analysed cash book. You’ll study the nature of the double entry system, the term ‘duality’, learn how to demonstrate a set of double entry accounts for bank transactions, and be introduced to the trial balance to enable the checking of account entries. Furthermore, you’ll study how to correct errors, the cash account, two column cash books, debit and credit cards, and payroll transactions. Finally, you’ll get to grips with concepts such as the use of VAT input and output accounts, dealing with VAT on deposits, the petty cash account, and bookkeeping entries for dealing with bad debts.

In book two, you’ll learn when to use day books, and how to post the identified amounts into the relevant accounts in the correct ledger. You’ll also look at the importance of using control accounts, how to post details of receipts, payments, and discounts into a three-column cash book, and the tax deduction scheme that applies to the construction industry. Moving on, you’ll aim to understand how to record the withdrawal of funds by owners of different types of businesses, and the basics of relevant legislation applicable to bookkeeping. Finally, you’ll discover how to complete reconciliation of bank, debtors and creditors.

In the third book, you’ll learn to recognise the main tabs on the summary screen, make entries for bank receipts and payments, and correctly identify which VAT code to use. You’ll also study how to find and correct errors using Sage One, record purchases and sales, and use a cash register account. Finally, you’ll get to grips with drawings and loans, adding new categories and accounts to the chart of accounts, issuing and clearing credit notes, dealing with foreign invoices, as well as bank reconciliation.