AAT Essentials - Making Sense of Financial Documents

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Description

A lot of customer and supplier documentation is required in day to day business. This practical course helps students to understand the purpose of everything from invoices though to bank reconciliations. It shows students how to keep records that will keep them working effectively, and keep their accountant and the VAT inspector happy.

This course consists of the following:

Session 1 - Customer documentation & records

  • Raising sales invoices from a range of source documents
  • Raising sales credit notes
  • Keeping a sales day-book and customer accounts
  • Preparing customer statements
  • Dealing with receipts from customers, trade & bulk discount

Session 2 - Supplier documentation & records

  • Purchase inv…

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Didn't find what you were looking for? See also: Accounting Technicians (AAT & CAT), Accounting, Bookkeeping, Budgeting, and Computerised Bookkeeping.

A lot of customer and supplier documentation is required in day to day business. This practical course helps students to understand the purpose of everything from invoices though to bank reconciliations. It shows students how to keep records that will keep them working effectively, and keep their accountant and the VAT inspector happy.

This course consists of the following:

Session 1 - Customer documentation & records

  • Raising sales invoices from a range of source documents
  • Raising sales credit notes
  • Keeping a sales day-book and customer accounts
  • Preparing customer statements
  • Dealing with receipts from customers, trade & bulk discount

Session 2 - Supplier documentation & records

  • Purchase invoices & credit notes against source documents
  • Processing purchase invoices & credit notes
  • Keeping a purchases day-book & supplier accounts
  • Checking supplier statements
  • How to deal with payments to suppliers

Session 3 - Recording receipts & payments in the cashbook, and checking bank activities

  • Recording amounts received & payments made in the cash receipts book
  • How to calculate the bank balance
  • Checking & updating the cash receipts book & cash payment book against the bank statement
  • How to reconcile the bank balance on the bank statement with the bank balance according to the cash receipts book and cash payment book

Students must be a manager/owner looking for a basic understanding of accounting statements and procedures.
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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.