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Bookkeeping at QLS Levels 1 and 2

Bookkeeping at QLS Levels 1 and 2
  • bookkeeping-diploma


This course is available in Paper format and Online.


This Bookkeeping distance learning course has been designed for anyone wishing to learn about bookkeeping and is especially valuable for anyone running their own business.


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Bookkeeping at QLS Levels 1 and 2

Course code: BKP02

Delivery method: Paper Based and Online

Course duration: 12 Months

Entry requirements: No prior qualification needed

Award achieved: ABC Awards and Certa Award Certificate of achievement at QLS Level 1 & 2

This Course Helps you

  • develop a good level of basic bookkeeping skills
  • prepare for more advanced bookkeeping training
  • acquire the underpinning knowledge needed for Accounting NVQs


The course is divided into two stages, first level 1, followed by level 2:


Unit 1: Introduction to keeping financial records

  • Double entry bookkeeping
  • Revenue and capital items
  • The Journal
  • Balancing ledger accounts
  • Trial balance

Unit 2: The ledgers and cash book

  • Enter credit transactions into the ledgers
  • Parts of the ledger
  • Two-column cash book
  • Analysed cash book

Unit 3: Value Added Tax records

  • Value Added Tax (VAT)
  • Calculate VAT
  • Record VAT in the accounts
  • VAT inclusive figures
  • Trade and cash discount and its effect on VAT
  • Write off a bad debt, understanding the effect of VAT

Unit 4: Day books

  • Day books
  • Payroll transactions
  • Errors of omission, commission, principal, original entry, reversal and compensation



Unit 1: Double entry and cash

  • Double entry bookkeeping using control accounts
  • Petty Cash Imprest system
  • Three Column Cash Book
  • Correction or errors including the Suspense Account

Unit 2: Reconciling accounts

  • Reconciling customer and supplier accounts
  • Control accounts
  • Bank reconciliation

Unit 3: Accounting for Value Added Tax

  • Value Added Tax (VAT)
  • Produce a VAT return
  • VAT Schemes (Annual VAT Returns, Flat Rate scheme, Retail Scheme)
  • International Trade – Import and Export
  • EU VAT
  • Partial Exemption
  • Non-allowable expenses
  • Fuel scale charge

Unit 4: Management and Financial accounts

  • Trading, Profit and Loss Account
  • Balance Sheet

Unit 5: End of period adjustments

  • Adjustments
  • Depreciation,
  • Prepayments and Accruals
  • Provision for Bad Debts
  • Year End Ledger Entries


Qualification Information

At the end of this course successful learners will receive a Certificate of Achievement from ABC Awards and Certa Awards and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

This course has been endorsed by ABC Awards and Certa Awards for its high-quality. The Quality Licence Scheme, endorses high-quality, non-regulated provision and training programmes. This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

Method of Study

Paper Based Version

The course comes to you as a paper-based pack delivered by courier.

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.


Online Version

Our online courses are fully digitised versions of the paper-courses, so you can study on any PC or smart device when connected to the internet.

As with the paper course, your online learning programme is completely flexible, so you can study at a pace that suits you.

All of our online course content is broken down into bite size chunks to make your learning more manageable and effective.




Method of Assessment

The course contains a number of assignments which your tutor will mark and give you valuable feedback on. We call these Tutor Marked Assignments (TMAs). You need only send the TMAs to your tutor for comment, not the self-assessment exercises which are also part of the course to help you gauge your progress.

Course Length Information

This course can be taken over a 12 month period but you can complete it as fast or as slowly as you wish.

Tutor Support

You will have access to a tutor via email who will mark your work and guide you through the course and will assist you with any problems you may have. In addition you will be supplied with a comprehensive Study Guide which will help you through the study and assessment process.