New edition of this bestselling text provides instruction on how to record, edit, interpret and analyse financial data using manual and computerised bookkeeping systems.
Presents three different company accounts for a total of six monthly periods, illustrating the basic principles and entries of bookkeeping.
The same tasks are used in both the manual and computerised sections, facilitating comparison of results.Section 1: Manual Bookkeeping
Explains how to: Identify source documentsChoose an appropriate daybookMake a correct daybook entryTransfer daybook entries into various ledgers Produce a trial balance and understand its function in identifying errors in accounts.Introduces the process of cross-checking as a means of identifying errors in daybooks.
Explains and demonstrates the process of bank reconciliation.
Illustrates how to produce a VAT 3 form.Section 2: Computerised Bookkeeping
Written for the TASBooks package, but can easily be adapted to suit other bookkeeping accounts packages.
Details how to: Install the TASBooks programClear down dataSet up new companies, customers, suppliers, nominal accounts and productsEnter source documents into the program accountsGenerate computer-based reports and compare these to the daybooks and ledgers completed in the manual section.Screen shots used throughout illustrate concepts and methods in an easy, step-by-step manner.Includes a sample project and sample examination for the FETAC level 5 module, complete with sample solutions and marking schemes.Required source documents are provided in a separate booklet, suitable for use with both the manual and computerised sections.