This Level 1 qualification introduces the role of a bookkeeper and the underpinning knowledge to identify and carry out simple different bookkeeping activities, such as income and expenditure, profit and loss, and assets and liabilities. It also offers an introduction to the role, and the benefits and risks associated with bookkeeping software.
There is no need for any prior accounting or bookkeeping knowledge. It provides a solid grounding for students before moving on to the Level 2 qualifications.
- Understanding the role of a bookkeeper
- Understanding financial transactions
- Processing customer and supplier transactions
- Processing receipts and payments
- The first level of Bookkeeping is suited for people with limited or no prior bookkeeping or accounting knowledge before moving on to the next level of qualifications (many students will start at Level 2)
- If English is your second language it will help you understand English terminology in Accounting
- If you have not taken an exam in a long time and are looking for a gentle introduction back into studying and taking exams
- Employers looking to up-skill their staff
- People looking to change their careers to find out quickly if they will enjoy accounting
- People looking to get an accounting qualification quickly
We would expect this qualification to take a few months to complete for most students.
As a bookkeeper you’ll focus on the financial transactions of the organisation, playing a pivotal role in managing cash flow. Many organisations specifically employ bookkeepers within their finance teams, so your opportunities could be varied, from working in finance organisations through to government departments, public and private sector organisations. Alternatively, bookkeeping is a great profession to get into if you’re considering becoming self-employed.