Purchase Ledger
This course is designed to follow on from basic book-keeping and suits those who looks after invoices, credit notes received and payments sent in a finance department. Enabling you to become proficient at maintaining a manual purchase ledger. Success
Receive Your FREE Accounting Taster CourseOverview
This course is designed to follow on from basic book-keeping and suits those who looks after invoices, credit notes received and payments sent in a finance department. Enabling you to become proficient at maintaining a manual purchase ledger. Successful completion of this course will enable you to work towards further qualifications.
Aims and Objectives
Target Audience
Anyone who has a basic understanding of book-keeping techniques and who wants to learn how to maintain a Purchase Ledger.
Prerequisites
A reasonable level of numeracy; experience of the Pitman Training Basic Book-keeping course.
Course content
- Lesson 1: Introduction to credit purchases; purchase invoices; completing the Purchases Day Book.
- Lesson 2: The purpose of keeping a Purchase Ledger; locating information to be recorded in the Purchase Ledger accounts; writing up Purchase Ledger accounts; cross-referencing entries in the Purchase Ledger with the Purchases Day Book and Cash Book.
- Lesson 3: Reconciling the information contained in a supplier's statement; preparing a list of balances from individual Purchase Ledger accounts; writing up a Purchase Ledger Control Account; detecting errors between the Purchase Ledger Control Account and the Individual Purchase Ledger Accounts; stock records; the importance of accounting for all VAT.




