• Bookkeeping Diploma for Virtual Assistants

Bookkeeping Course for Virtual Assistants

Bookkeeping Course for Virtual Assistants

This is all of the ICB Level II and Level III, which will take you through to becoming an Associate of the Institute of Certified Bookkeepers. This means that you gain the letter AICB after your name.

This will prepare you for the three assessments at Level II which are Paper B1, B2 and B3. It will also prepare you for the Level III assessments which are BA4, BA5, BA6 and BA7. The price is discount in this package, compared to buying each item separately.

Bookkeeping Course for Virtual Assistants

Objective

To build a solid understanding bookkeeping and to prepare the student for ICB assessment in order to attain the AICB qualification.

Course Format

The course is in a distance learning format. You will be supported by a remote tutor who is a Chartered Accountant. All learning material, answer books, sage student licences and practical exercises are provided and included in the fees. You will also receive a 1 year membership to the ICB, this has a value of £75. These practical exercises are essential to the learning process in bookkeeping and finance. ICB membership and ICB study booklets are included in the cost of the course.

Sage is the default package of this ICB course and is used in all computerised bookkeeping exercises. You can however request to use any computerised system to complete the training. The Sage student licence fee is included in the course fees.

Syllabus Detail

Students must be able to demonstrate their ability to understand and carry out the following functions:

Course Content

Paper B1 – Basic double-entry bookkeeping to trial balance

  • Underpinning knowledge
  • Calculation of business documents including calculation of VAT Entering transactions into the ledgers including the analysed cash book, cash transactions, credit transactions, discounts, petty cash book, two column cash book and VAT
  • Making and receiving payments 
  • Production and explanation of a trial balance

Paper B2 – Further double entry bookkeeping to trial balance

  • More advanced underpinning knowledge
  • Further double entry Making and receiving payments
  • Production and explanation of a trial balance

Paper B3 – Sage Computerised Bookkeeping

  • Start a Business Accounts
  • Process Nominal and Sub Ledger Accounts
  • How to go about the correction of errors in the system
  • Bank Reconciliation
  • Trial Balance
  • Generate Reports
  • Final Accounts - Sole Trader
  • Health and Safety

Paper BA4 – Reconciliations and final accounts of a sole trader:

  • Underpinning knowledge
  • Reconciliation and correction of errors (customer/supplier recs, bank reconciliation)
  • VAT Returns
  • Posting adjustments
  • Production of final accounts of a sole trader with adjustments

Paper BA5 – final accounts of a partnership

  • Underpinning knowledge
  • Posting adjustments including disposal and acquisition of fixed assets (30% weighting)
  • Final accounts of a partnership including the appropriation account and production of partners’ current accounts (30% weighting)
  • Production of final accounts of a partnership with adjustments using a computerised package (30% weighting)

Paper BA6 – final accounts of a not-for-profit organisation

  • Underpinning knowledge
  • Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets
  • Final accounts of a not-for-profit organisation
  • Production of final accounts of a not-for-profit organisation with adjustments using a computerised package

Paper BA7 - Level III External Assessment

Course Requirements

This course starts from the basics and there are no pre-requisites.

Why is this beneficial to a VA?

Virtual Assistants are self-employed individuals, who need to be able to produce their own accounts. Successfully passing this course will enable you to deliver your own accounts and avoid any Bookkeeper or Accountant fees.

Many of your clients will be businesses who need both a VA and Bookkeeper, if you can offer Bookkeeping services you can be far more attractive to prospective clients and potentially gain more customers.

In essence, you can make more money as you can charge a relatively high hourly rate for Bookkeeping services provided to your clients.

Without the ICB qualification, you do not have the support of the ICB's knowledge base to assist your work nor do you have the licence and professional indemnity insurance that are a part of Associate membership to the ICB.

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Bookkeeping Diploma for Virtual Assistants

  • Product Code: 43
  • Availability: In Stock
  • £499.00

  • Ex Tax: £499.00