An introduction to using accounting software
This unit provides students with the knowledge and skills needed to carry out typical bookkeeping transactions and tasks using accounting software. In the modern business environment, processing data and information into accounting software is a necessary task in most finance roles.
This unit teaches students the practical steps for processing accounting information electronically and will allow students to reinforce their understanding of the sequence in which bookkeeping tasks are carried out. On completion of this unit, students will have the practical ability to enter accounting transactions into software and to perform bank reconciliations accurately.
Students will be able to enter information and understand the main features. They will learn how to set up general ledger accounts for new and existing businesses and process the typical bookkeeping entries expected of students at this level, including the processing of sales and purchase documentation, recording bank and cash entries and carrying out bank reconciliations accurately. Students will also learn how to produce reports using the software and understand the purpose of these reports.
Students must have access to a suitable specialised accounting software package as part of their study for this unit and for the assessment. Spreadsheet software alone will not allow full unit content coverage, so cannot be used for the study or assessment of this unit.
The program selected by learning providers must be capable of producing reports in at least one of the following formats at various stages of the process: XLSX, CSV, DOC, DOCX, PDF, BMP, GIF, JPEG, PNG.
Screenshots may also be submitted using one of these formats. Assessment evidence submitted in alternative file formats will not be marked.
This unit refers to value added tax or VAT. This is an indirect tax operating in the UK but this type of tax may also operate and be known by another name in other countries.
Using accounting software is a mandatory unit in this qualification.
Learning outcomes for using accounting software
1. Set up accounting software
2. Process sales and purchases transactions
3. Process bank and cash transactions
4. Perform period end routine tasks
5. Produce reports