Sales order Learn Manual Book Intelligent guide to ... book... · Accounting Concepts: Task 4 Cash book receipts & Payments Task 5 Petty cash Task 6 Journals Additional Vat return

LearnManualBookKeeping

Intelligent guide toUnderstanding

Manual Book keepingWork book only

Salesorder

Email: [email protected]: www.accountingconcepts.co.uk.............................................................................................

Intelligent guide toUnderstanding

Manual Book keepingWork book only

Accounting Concepts: www.accountingconcepts.co.uk



User GuideSalesorder


In order to carry out this manual book keeping case studyYou will have to be logged onto the internet with thee-book open .



In order to carry out this manual book keeping case studyYou will have to be logged onto the internet with thee-book open .


Table of ContentsWork book-Templates

Salesorder


Task 1-8

Task 1

The Extended trail balance

Opening balances

Task 2 Sales day book invoices & credit notes

Task 3 Purchase day book & credit notes

Task 2&4 Customer ledger cards

Task 3&4 Supplier ledger cards

Task 7 Profit & loss A/C

Task 8 Balance sheet



Task 3 Purchase day book & credit notes

Task 4 Cash book receipts & Payments

Task 5 Petty cash

Task 6 Journals

Task 8 Balance sheet

Additional Vat return

Additional

Conclusion

Bank Reconciliation

CASE STUDY EXTENDED TRIAL BALANCE AT 31-JAN 20XX

DETAILS OPENING BALANCES SALES DAY BOOK JOURNALS TOTALS TOTALS PROFIT+LOSS A/C BALANCE SHEETSAGE N/C DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT

MOTOR CAR-COSTMOTOR CAR- DEPRECIATIONSTOCK- CLOTHESSTOCK- SPORTSWEARSTOCK - HOUSEHOLDDEBTORSBAD DEBTS PROVISIONPREPAYMENTSBANK (CASH BOOK)PETTY CASHCREDITORSACCRUALSNET WAGES CONTROL A/CPAYE/NIBANK LOAN 5 YEARSVAT OUTPUT TAXVAT INPUT TAXVAT LIABILITYCORPORATION TAXSHARE CAPITALPROFIT AND LOSSSALES- CLOTHESSALES - SPORTSWEARSALES - HOUSEHOLDBANK INTEREST RECEIVEDPURCHASES - CLOTHESPURCHASES - SPORTSWEARPURCHASES- HOUSEHOLDGROSS WAGESEMPLOYERS NIRENTACCOUNTANCY FEESTELEPHONELIGHT & HEAT

Task 6 Task 7 Task 8BANK ACCOUNTPURCHASE DAYBOOK PETTY CASH

Task 1 Task 2 Task 3 Task 4 Task 5

MANUAL BOOK KEEPING

LIGHT & HEATMOTOR EXPENSESPOSTAGESTATIONERYCLEANINGSUNDRIESBANK CHARGESBAD DEBTSDEPRECIATION

OK OK OK OK OK OK OK OK OK OK OK OK OK OK

OK OK OK OKCheck Must Be Equal To ZERO £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00

MANUAL BOOK KEEPING

CASE STUDY OPENING BALANCES MANUAL BOOK KEEPING

TASK 1 DETAILS SAGE 50

£ DEBIT (dr) CREDIT(cr) N/C

MOTOR CAR-COST 10,000.00 dr/cr Link LinkMOTOR CAR-DEPRECIATION 2,500.00 dr/cr Link LinkSTOCK- CLOTHES 11,287.10 dr/cr Link LinkSTOCK- SPORTSWEAR 21,696.50 dr/cr Link LinkSTOCK - HOUSEHOLD 30,738.50 dr/cr Link LinkDEBTORS 4,231.09 dr/cr Link LinkBANK CASH BOOK 60,020.00 dr/cr Link LinkPETTY CASH 200.00 dr/cr Link LinkCREDITORS 5,756.26 dr/cr Link LinkPAYE/NI 5,400.00 dr/cr Link LinkVAT LIABILITY 230.72 dr/cr Link LinkCORPORATION TAX 22,357.24 dr/cr Link

OPENING BALANCES

VAT LIABILITY 230.72 dr/cr Link LinkCORPORATION TAX 22,357.24 dr/cr LinkSHARE CAPITAL 10,000.00 dr/cr Link LinkPROFIT AND LOSS 91,928.97 dr/cr Link Link

Totals CHK CHK

CASE STUDY SALES DAY BOOK-INVOICES JAN 20XX

MANUAL BOOK -KEEPING

TASK 2(a) SALES DAY BOOKSAGE 50 SAGE 50 SAGE 50 DATA ENTRY

Set up Set up Link To Customer

A/C CUSTOMER NAME AOW DATE INV NOS GROSS VAT NET CLOTHES SPORTS WEAR HOUSE HOLD N/C DEPT

WHITBY UK

BLANKLEY UK

HOLLOWAY UK

WILLIAMS UK

WHITEHOUSE UK

NOLAN UK

EVANS UK

SALES INVOICE-ANALYSIS

INVOICES

EVANS UK

HARRIS UK

GOLINGAY USA

WEIR EC*

Link ETB Link ETB NO LINK Link ETB Link ETB Link ETB* NB :EC Sales Invoices also show in BOX 8 of the Vat Return Box 1 Vat RTN Box 6 Vat RTN

Double Entry Book Keeping

CASE STUDY SALES DAY BOOK -CREDIT NOTES JAN 20XX


TASK 2 (b) SALES DAY BOOKSAGE 50 SAGE 50 SAGE 50 DATA ENTRY

Set up Set up Link To CustomerA/C CUSTOMER NAME AOW DATE INV NOS GROSS VAT NET CLOTHES SPORTS WEAR HOUSE HOLD N/C DEPT

WHITBY UK

BLANKLEY UK

HOLLOWAY UK

GOLINGAY USA

WEIR EC*

SALES CREDIT NOTE -ANALYSIS

CREDIT NOTES

WEIR EC*

Link ETB Link ETB #REF! Link ETB Link ETB Link ETB* NB: EC Sales Credit notes also show in BOX 8 of the Vat Return Box 1 Vat RTN Box 6 Vat RTN


CASE STUDY PURCHASE DAY BOOK-INVOICES JAN 20XX

MANUAL BOOK-KEEPING

TASK 3(a) PURCHASE DAY BOOK

SAGE 50 SAGE 50

Set up Set up Link To SupplierA/C SUPPLIERS NAME AOW DATE INV NOS GROSS VAT NET CLOTHES SPORTS WEAR HOUSE HOLD TELEPHONE LIGHT &HEAT MOTOR N/C DEPT EX REF

NIKEY UK

BETTERWARE UK

RACQUETS UK

BRITISH TELECOM UK

BRITISH GAS UK

DIRECT LINE IS UK

BMW UK

LEVIS USA

MANN RICHARDS EC*1

SAGE 50 DATA ENTRY

INVOICES

PURCHASE INVOICE -ANALYSIS

MANN RICHARDS EC*1

BRITANNIA EC*2

Double Entry Book keeping

Link ETB Link ETB #REF! Link ETB Link ETB Link ETB Link ETB Link ETB Link ETB

*1 NB -EC Purchases invoices also shown in Box 9 of Vat Return Box 4 Vat RTN Box 7 Vat RTN*2 NB -EC Purchases invoices also shown in Box 9 of Vat Return

& the notional vat on the invoice will show in BOX 2 & BOX 4

*1 Mann Richards is not a vat registered company*2 Britannia is a vat registered company

CASE STUDY PURCHASE DAY BOOK-CREDIT NOTES JAN 20XX

MANUAL BOOK-KEEPING

TASK 3(b) CREDIT NOTESSAGE 50 SAGE 50 PURCHASE CREDIT NOTE -ANALYSIS

Set up Set up

A/C SUPPLIER NAME AOW DATE INV NOS GROSS VAT NET CLOTHES SPORTS WEAR HOUSE HOLD N/C DEPT EX REF

NIKEY UK

BETTERWARE UK

RACQUETS UK

LEVIS USA

MANN RICHARDS EC*1

SAGE 50 DATA ENTRY

PURCHASE DAY BOOK


Link ETB Link ETB LINK Link ETB Link ETB Link ETB

Box 4 Vat RTN Box 7 Vat RTNEC*1 NB -EC Purchases credit note also shown in Box 9 of Vat Return


CASE STUDY CASH BOOKRECEIPTS -JAN 20XX


TASK 4 (a) SAGE 50 DATA ENTRY

CUSTOMER NAME DATE £ S/LCUSTOMER

A/C REF

CHQ OB WHITBY

CHQ OB BLANKLEY

CHQ OB HOLLOWAY

CHQ OB WILLIAMS

CHQ OB WHITEHOUSE

CHQ OB NOLAN

CHQ OB EVANS

CHQ OB HARRIS

STMT JAN GOLINGAY

STMT JAN WEIR

TOTAL

Link ETB Link ETB

TASK 4(c)BANK INTEREST

RCDLOANRCD SAGE 50 DATA ENTRY

NON CUSTOMER DATE £ £ £ N/C REF

Bank Interest

Bank loan

CASH BOOK RECEIPTS

CASH BOOK RECEIPTS


Bank loan

TOTAL

Link ETB Link ETB Link ETB

TASK 4(e) P/L SAGE 50 DATA ENTRY

SUPPLIER-REFUNDS DATE £ £ N/C REF

MANN RICHARDS

TOTAL

Link ETB Link ETB

MUST USE THE TOTAL FIGURES TO LINK TO ETB Link ETB

CASH BOOK RECEIPTS TOTAL Link ETB

TASK 4 (a) SALES LEDGER Link ETB

TASK 4(c) BANK INTEREST RECEIVED Link ETB

TASK 4(c) BANK LOAN RECEIVED Link ETB

TASK 4(e) PURCHASE LEDGER

CASH BOOK RECEIPTS



CASE STUDY CASH BOOKPAYMENTS JAN 20XX

MANUAL BOOK KEEPING

TASK 4(b) SAGE 50 DATA ENTRY

SUPPLIER NAME DATE £ P/LSUPPLIER

A/C REF

CHQ OB NIKEY

CHQ OB BETTERWARE

CHQ OB RACQUETS

CHQ OB BRITISH TEL

CHQ OB BRITISH GAS

CHQ OB RYMANS

CHQ OB BMW

CHQ OB LEVIS

CHQ JAN MANN RICHARDS

STMT JAN BRITANNIA

TOTAL

Link ETB Link ETB

TASK 4 (d) BANK CHARGESVATPAID NET WAGES SAGE 50 DATA ENTRY

NON SUPPLIER DATE £ £ £ N/C REF

Bank Charges

Vat

Net Wages (auto pay)

CASH BOOK PAYMENTS

CASH BOOK PAYMENTS


Net Wages (auto pay)

TOTAL

Link ETB Link ETB Link ETB Link ETB

TASK 4 (f) S S/L SAGE 50 DATA ENTRY

CUSTOMER -REFUNDS DATE £ £ N/C REF

GOLINGAY

TOTAL

Link ETB Link ETB

TASK 5(b) P/CASH SAGE 50 DATA ENTRY

PETTY CASH REFUNDED DATE £ £ N/C REF

Petty Cash xps Jan 20XX

TOTAL

Link ETB Link ETB £0.00

MUST USE THE TOTAL FIGURES TO LINK TO ETB Link ETB

CASH BOOK PAYMENT TOTALS Link ETB

TASK 4(b) PURCHASE LEDGER Link ETB

TASK 4 (d) BANK CHARGES Link ETB

TASK 4 (d) VAT Link ETB

TASK 4 (d) NET WAGES Link ETB

TASK 4 (f) SALES LEDGER Link ETB

TASK 5(b) PETTY CASH

CASH BOOK PAYMENTS



CASH BOOK PAYMENTS


CASE STUDY PETTY CASHEXPENSES -JAN 20XX


SAGE 50 N/C N/C N/C N/C N/C5a DATE DETAILS REF NOS GROSS VAT NET STATIONERY SUNDRIES MOTOR POSTAGE CLEANING

WHSmith -PensTescos-CoffeeBP- PetrolWHSmith -FoldersTescos-SugarWhsmith -stampsTescos -TeaBP- Car MatsABC- Window CleaningWHSmith -copier paperWhsmith -stampsBP- Petrol

Link ETB Link ETB Link ETB Link ETB Link ETB Link ETB Link ETB

PETTY CASH BOOK EXPENSES ANALYSISTASK 5 a&b

Double ENTRY Book Keeping Link ETB Link ETB Link ETB Link ETB Link ETB Link ETB Link ETBBox 4 Vat RTN Box 7 Vat RTN

5b PETTY CASH CONTROL A/CDEBIT CREDIT£ £

OPENING BALANCE AT 01-01-20XX

LESS PETTY CASH PAYMENTS JANUARY 20XX

REPAID FROM BANK

CLOSING BALANCE AT 31-01-20XX

Double ENTRY Book Keeping

CASE STUDY JOURNALSJAN 20XX

MANUAL BOOK-KEEPING

TASK 6DETAILS DEBIT CREDIT SAGE NC

1 DEPRECIATION P&LDEPRECIATION B/SBEING DEPRECIATION @25% ON COST JAN 20XX

2 STOCK -CLOTHES B/SSTOCK-SPORTSWEAR B/SSTOCK -HOUSEHOLD B/SSTOCK -CLOTHES P&LSTOCK-SPORTSWEAR P&LSTOCK -HOUSEHOLD P&LBEING CLOSING STOCK AT JAN 20XX

3 PREPAID EXPENSES B/SMOTOR EXPENSES P&LBEING MOTOR INSURANCE PREPAID AT JAN 20XX

4 ACCOUNTANCY P&LACCRUALS B/SBEING ACCOUNTANCY FEES FOR JAN 20XX

5 GROSS WAGES P&LEMPLOYERS NI P&LNET WAGES B/SPAYE/NIC B/SBEING WAGES FOR JAN 20XX

6 BAD DEBTS P&LBAD DEBTS PROVISION B/SBEING BAD DEBTS PROVISION JAN 20XX

TOTALS

JOURNALSMASTER


SalesorderTTT


Customer Ledger Cards

&

Reconciliation



Templates

&

Reconciliation

CASE STUDY CUSTOMER BALANCESRECONCILIATION AT 31 JAN 20XX


Sales ledger control account Debit Credit

A 0PENING BALANCES AT 01/01/20XX £

B SALES INVOICES £

C SALES INVOICES -CREDIT NOTES £

D BANK (CASH BOOK) RECEIPTS £

E CUSTOMER REFUND £

F CLOSING BALANCES AT 31/01/20XX £

£0.00 £0.00

DEBIT DEBIT CREDIT CREDIT DEBIT DEBIT

CUSTOMER OPE

NIN

G B

AL

AN

CES

SALE

S IN

VO

ICES

SALE

S-CR

EDIT

NO

TES

BAN

K (C

ASH

BO

OK)

REC

EIPT

S

CUST

OM

ER R

EFU

ND

CLO

SIN

G B

ALA

NCE

S

WHITBYBLANKLEYHOLLOWAYWILLIAMSWILLIAMSWHITEHOUSENOLANEVANSHARRISGOLINGAYWEIR

A B C D E F

CASE STUDY CUSTOMER LEDGER CARDMONTH JAN 20XX


UK WHITBY -CUSTOMER LEDGER CARD

DATE DETAILS DEBIT (dr)£ CREDIT(cr) £ BALANCE

B/F

1 SALES INVOICE

1 SALES INVOICE

2 SALES CREDIT NOTES


3 CHEQUES RECEIVED

3 CHEQUES RECEIVED3 CHEQUES RECEIVED

4 CASH RECIVED

4 CASH RECIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK BLANKLEY -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECIVED

4 CASH RECIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK HOLLOWAY -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK WILLIAMS -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS



UK WHITEHOUSE -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK NOLAN -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK- KEEPING

UK EVANS -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS



UK HARRIS -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

USA GOLINGAY -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

EC* WEIR -CUSTOMER LEDGER CARD


B/F

1 SALES INVOICE

1 SALES INVOICE



3 CHEQUES RECEIVED


4 CASH RECEIVED

4 CASH RECEIVED

5 CUSTOMER REFUND

5 CUSTOMER REFUND

C/F

TOTALS


SalesorderTTT


Supplier Ledger Cards&

Reconciliation



Templates

&

Reconciliation

CASE STUDY SUPPLIER BALANCESRECONCILIATIONAT 31 JAN 20XX


Purchase ledger control account Debit Credit

A OPENING BALANCES AT 01/01/20XX £

B PURCHASE INVOICES £

C PURCHASE INVOICES -CREDIT NOTES £

D BANK (CASH BOOK )PAYMENTS £

E SUPPLIER REFUNDS £

F CLOSING BALANCES AT 31/01/20XX £

CREDIT CREDIT DEBIT DEBIT CREDIT CREDIT

SUPPLIER OPE

NIN

G B

AL

AN

CES

PURC

HA

SE IN

VO

ICES

PURC

HA

SE-C

RED

IT N

OTE

S

BAN

K (C

ASH

BO

OK)

PA

YMEN

TS

SUPP

LIER

REF

UN

D

CLO

SIN

G B

ALA

NCE

S

NIKEYBETTERWARERACQUETSRACQUETSBRITISH TELECOMBRITISH GASDIRECT LINEBMWLEVISMANN RICHARDSBRITANNIA

A B C D E F

CASE STUDY SUPPLIER LEDGER CARDMONTH JAN 20XX

MANUAL BOOK-KEEPING

UK NIKEY -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE

2 PURCHASE CREDIT NOTES


3 CHEQUES PAID

3 CHEQUES PAID3 CHEQUES PAID

4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK BETTERWARE -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS



UK RACQUETS-SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK BRITISH TEL -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS



UK BRITISH GAS -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

UK DIRECT LINE -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS



UK BMW -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS

CASE STUDY SUPPLER LEDGER CARDMONTH JAN 20XX


UK LEVIS -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS



EC*1 MANN RICHARDS -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS


MANUAL BOOK-KEEPING

EC*2 BRITANNIA -SUPPLIER LEDGER CARD


B/F

1 PURCHASE INVOICE

1 PURCHASE INVOICE



3 CHEQUES PAID


4 CASH PAID

4 CASH PAID

5 SUPPLIER REFUND

5 SUPPLIER REFUND

C/F

TOTALS

CASE STUDY PROFIT LOSS A/C MONTH-JAN 20XX


Management Information onlyPROFIT+LOSS A/C

JAN 20XXDEBIT CREDIT %

SALES £

Opening stock £Purchases £

Closing stock £

Cost of sales £

Gross Profit £

Bank interest received £

Administrative ExpensesGross wages £Employers NI £Rent £Accountancy fees £Telephone £

Task 7

Telephone £Light & Heat £Motor Expenses £Postage £Stationery £Cleaning £Sundries £Bank charges £Bad Debts £Depreciation £

£

Profit before interest and tax £

CASE STUDY BALANCE SHEETAT JAN 20XX


Management Information onlyBalance Sheet

JAN 20XX

Fixed Asset-Car- Cost £less accumilated Depreciation £Net book value £

Current AssetsStock £Debtors (Less Bad Debts prov) £Prepayments £Cash at bank & in hand £

£

Current LiabilitiesBank Loan £Creditors £Accruals £Tax & social security * £

£

Net Current Assets £

Task 8

Net Current Assets £

Total Assets Less current liabilities £

Capital and ReservesCalled up share capital £Profit and loss account b/f £profit for the January 20XX £

£

*includes Vat £*includes Paye/ni £

*includes corporation tax ££

Ratios

Current Ratio : 1

Acid Test Ratio : 1

VAT due in this period on sales 1

VAT due in this period on EC acquisitions 2

Total VAT Due (Sum of Boxes 1 and 2) 3

Description Box Amount

VAT reclaimed in this period on purchases 4

Net VAT to be paid to HMRC or reclaimed by You 5

Total value of Sales, excluding VAT 6

Total value of Purchases, excluding VAT 7

Total value of EC Sales, excluding VAT 8

Total value of EC Purchases, excluding VAT 9

A typical example of a VAT Return is shown below

DAVID SILVERMAN

Typewritten text

CASE STUDY VAT WORKINGJAN 20XX

MANUAL BOOK KEEPING

GROSS VAT NET Customer-Weir-only NETTASK 2(a) Sales Day Book INVOICES 11932.93 £ £ EC SALES INVOICES £

TASK 2(b) Sales Day Book CREDIT NOTES £ £ £ EC SALES CREDIT NOTES £

Totals For Vat Return INVOICES-CREDIT NOTES £ £ £ Totals For Vat Return £

BOX 1 BOX 6 BOX 8

Supplier................................. mann richards Britannia

TASK 3(a) Purchase Day Book INVOICES £ £ £ EC PURCHASES INVOICES £ £

TASK 3(b) Purchase Day Book CREDIT NOTES £ £ £ EC PURCHASES CREDIT NOTES £ £

INVOICES-CREDIT NOTES £ £ Totals For Vat Return £ £ £

BOX 4 BOX 7 BOX 9 BOX 9 Box 2

£ (20% of box 9)

TASK 5(a) Petty Cash BOOK EXPENSES £ £ BOX9

BOX 4 BOX 7

TASK 3&5 Totals For Vat Return £ £TASK 3&5 Totals For Vat Return £ £

BOX 4 BOX 7

ADD BOX 2 £

FINAL BOX 4 £


SalesorderTTT


Bank ReconciliationA bank reconciliation is done to understand why thecash book figure is different from the bank statement at the end of each month.

The manual cash book will record all the receipts & payments that take placein the month but some of them may not appear on the bank statementuntil later due to timing differences



The manual cash book will record all the receipts & payments that take placein the month but some of them may not appear on the bank statementuntil later due to timing differences

Money recorded in the paying in book will take time to be taken to the bankand the bank will take time to record this on the bank statement &

Money paid via the cheque book will have to be sent to the third partyand it will take time for the bank to pay the third party bank and recordthis on the bank statement


SalesorderTTT


Bank ReconciliationYou now need to complete the bank reconciliation statement

To do this you will have to look back at the Cash bookreceipts and payments and check if they appear on the Bank statement .

If there are any cash book receipts not on the bank statement thenthese are the outstanding receipts for the bank reconciliation-enter them on to the template on the next page



If there are any cash book payments not on the bank statement thenthese are the outstanding payments for the bank reconciliation-enter them on to the template on the next page

If there are any cash book receipts not on the bank statement thenthese are the outstanding receipts for the bank reconciliation-enter them on to the template on the next page

CASE STUDY BANK RECONCILIATION MANUAL BOOK-KEEPING

BANK RECONCILIATION STATEMENT AT 31/01/20XX

PER BANK STATEMENT AT 31/ 01/ 20XX £100,885.92

CB ADD OUTSTANDING RECEIPTS

DATE ---------- NAME-------------------- £ £

CB ADD OUTSTANDING PAYMENTS

DATE ---------- NAME-------------------- £ £

DATE ---------- NAME-------------------- £ £DATE ---------- NAME-------------------- £ £

PER CASH BOOK -TB AT 31/ 01/ 20XX £100,732.34

CASE STUDY BANK STATEMENT MANUAL BOOK -KEEPING

OUT IN

DATE DESCRIPTION WITHDRAWALS DEPOSIT BALANCE

01.01.20XX BROUGHT FORWARD 59,770.00£

01.01.20XX CREDIT-SILVER £450.00 60,220.00£

01.01.20XX 100330- TESCOS £200.00 60,020.00£

01.01.20XX DIRECT -BANK LOAN £50,000.00 110,020.00£

06.01.20XX CREDIT -WHITBY £86.50 110106.50

06.01.20XX 100331-NIKEY £3,521.63 106584.87

10.01.20XX CREDIT BLANKLEY £134.70 106719.57

BANK STATEMENT

10.01.20XX CREDIT BLANKLEY £134.70 106719.57

10.01.20XX 100332-BETTERWARE £173.12 106546.45

10.01.20XX DIRECT -HMRC VAT £230.72 106315.73

15.01.20XX CREDIT-HOLLOWAY £98.62 106414.35

15.01.20XX 100333-RACQUETS £106.32 106308.03

17.01.20XX CREDIT-WILLIAMS £102.37 106410.40

17.01.20XX BRITISH TELECOM £540.67 105869.73

18.01.20XX CREDIT-WHITEHOUSE £27.12 105896.85

CASE STUDY BANK STATEMENT MANUAL BOOK -KEEPING

18.01.20XX 100334-BRITISH GAS £787.00 105109.85

19.01.20XX CREDIT-NOLAN £66.00 105175.85

19.01.20XX 100335-RYMANS £35.00 105140.85

27.01.20XX CREDIT-EVANS £2,765.00 107905.85

27.01.20XX 100336-BMW £47.00 107858.85

27.01.20XX DIRECT -GOLINGAY £2,170.37 110029.22

31.01.20XX DIRECT -MANN RICHARDS REFUND £96.00 110125.22

31.01.20XX DIRECT GOLINGAY REFUND £315.00 109810.22

31.01.20XX DIRECT-BANK INTEREST RECEIVED £75.00 109885.22

31.01.20XX DIRECT -BANK CHARGES £25.00 109860.22

31.01.20XX DIRECT AUTO PAY £10,350.00 99510.22

31.01.20XX DIRECT -CASH £167.62 99342.6031.01.20XX DIRECT -CASH £167.62 99342.60

31.01.20XX DIRECT -WEIR £2,439.74 101782.34

31.01.20XX DIRECT-BRITANNIA £896.42 100885.92


SalesorderTTT


I Hope you enjoyed theJourney

Now that you understand manual book- keeping &double entry book –keeping protocols ,You will be able to start looking at a Sage 50



Now that you understand manual book- keeping &double entry book –keeping protocols ,You will be able to start looking at a Sage 50

This Case study data can now be entered into sage 50The double entry book keeping will take place automatically.

Documents

Sales order Learn Manual Book Intelligent guide to ... book... · Accounting Concepts: Task 4 Cash book receipts & Payments Task 5 Petty cash Task 6 Journals Additional Vat return