Purchase Ledger

Designed for:
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 and experience of the Pitman Training ‘Basic Book-keeping’ course.

Objectives:
To teach the basics of maintaining a manual Purchase Ledger.

Course Content

• Lesson 1: Introduction to credit purchases, purchase invoices and 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 and the importance of accounting for all VAT.

Benefits

• Designed to follow on from the Basic Book-keeping course.
• The flexibility and value of a self-study course designed to enable you to work at your own pace.
• A personalised workbook to use and keep as a reference guide on completion of the course.
• The opportunity to gain the widely recognised Pitman Training Certificate.

Course duration:
8 - 10 hours

What next:  
Sales Ledger
Final Accounts I
Final Accounts II
Sage Line 50 Computerised Accounts