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L1 and L2 Bookkeeping Course

Picture of L1 and L2 Bookkeeping Course
Our L1 and L2 Bookkeeping Course aims to teach you about the basics of Bookkeeping. During your study of this course you will learn about a range of areas within bookkeeping which will prepare you for more advanced bookkeeping training. This course is vital for those running their own business.

Our L1 and L2 Bookkeeping Course enables students to:

  • Develop a good level of basic bookkeeping skills
  • Prepare for more advanced bookkeeping training
  • Acquire the underpinning knowledge needed for Accounting NVQs
Course Ref: L1L2BOOK
Study Time: 120 hours
Tutor Support: 12 months

Payment plans from as little as £7.69 per month.
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Level 1 Book Keeping

An introduction to record keeping

  • The importance of keeping accurate financial records
  • Balancing the account

Further bank account transactions

  • Types of income and expenditure
  • The analysed bank account

Double Entry Book Keeping: Cash Transactions

  • Basic double entry accounts for bank transactions
  • Accounting for payroll transactions

Double Entry Book Keeping: Credit Transactions

  • Developing accounts for customers and suppliers
  • Splitting the Ledger

The Calculation of VAT and the development of business documents

  • Calculating VAT
  • Dealing with trade and cash discounts

The posting of VAT Transactions to the Ledgers

  • VAT Input and VAT Output accounts
  • How to calculate VAT exclusive and VAT inclusive amounts

Day Books

  • Explanation of day books
  • Making entries into the various books

Level 2 Book Keeping

Cash Books

  • Three column cash book
  • The Petty Cash Book

Correction of errors

  • Correcting the ledgers
  • The suspense account

Reconciling the accounts

  • Control Accounts
  • The VAT Return

Introduction to Final Accounts of a Sole Trader

  • Calculating gross and net profit
  • The Trading, Profit and Loss Account

Adjustments to Final Accounts

  • Accruals and prepayments
  • Bad debts and the Provision for Bad Debts

End of Year Ledger Entries

  • Closing of the ledger accounts at the year end

As you progress through the L1 and L2 Bookkeeping Course sections you will encounter lessons, activities, core reading and assessments.

Our L1 and L2 Bookkeeping Course is Powered by:

  • Printed Study Guides in Sturdy Folder
  • Dedicated tutor support via email
  • You will receive feedback on your assignments from our experienced tutors
  • You will be given guidance through the Study Guide on the nuts and bolts of studying and submitting assignments
  • Postal assignments cannot be accepted without prior permission from the tutor
  • You must have access to email in order to contact your tutor
The course contains a number of self-assessment exercises, these are a vital part of the course as they help you gauge your progress. There are also Tutor Marked Assignments to be submitted to your tutor for marking and feedback.
Perhaps the most important asset provided as part of your L1 and L2 Bookkeeping Course is access to a dedicated academic tutor. You will be assigned a tutor on enrolment who will support you for 12 months. Support extensions are available upon request.
On successful completion you will receive a CloudLearn Certificate of Achievement.
Pay your course in full or spread the cost with one of our monthly instalment plans. Speak to one of our advisers today about arranging a monthly instalment plan for your chosen course(s) on 0330 111 4006

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