ADRIAN PIKE TRAINING - Courses available

Basic (double entry) Bookkeeping

In this age of computers it is vital that the user is the expert instructing the machine and not the other way around. All accounts staff need to understand Double Entry bookkeeping, both because it is a requirement of the Solicitors’ Accounts Rules, and in order to know what has happened to the entries which have been posted. This practical training further illustrates the bookkeeping application of the Rules, and uses typical Client and Office transactions to explain the principles of basic bookkeeping. Delegates are also shown how to carry out a bank reconciliation.

Course content

Introduction

Historical – bookkeeping systems used by solicitors’ practices
Disciplines – transaction vouchers
Double entry bookkeeping as a requirement of the Solicitors’ Accounts Rules

Basic Bookkeeping and Accounts

Why keep accounts?
Who may be interested in them?
What accounts must be kept?
How the accounts are drawn
Basic principles of double entry bookkeeping
Worked examples
Eight typical financial transactions for solicitors
Practical bookkeeping application of the Solicitors’ Accounts Rules

The Trial Balance

How to check the accuracy of bookkeeping entries
Five kinds of error that occur
How to prepare the trial balance
Worked example and practical exercise
What to do if it does not balance!
The next step in the double entry system

Bank Reconciliation

Step-by-step explanation
Worked examples and practical exercise