Classes offering FETAC Level 5 accreditation in Manual and Computerised Bookkeeping will be starting around the country in September. Check your local schools and colleges for course running near you.
Starting 23rd September, I am teaching a night course in Marino VEC http://www.marinocollege.ie/evening_courses/evening_thursday.htm course number 64 on their website
Details of the course content can be found at Bookkeeping – Manual and Computerised Level 5 B20137
You can listen to apodcast about petty cash and using the imprest system on www.BookkeepingPodcast.ie it is episode number 25
or read it at www.HelpForBookkeepers.com
Using the Imprest System for Petty cash to help manage small expenses and reduce errors and fraud
Petty Cash box
Analysis book
Petty Cash dockets
Replenishment of expenses paid out only
It proves to me yet again that if you do your bank reconciliation every month, you find issues before they become a problem. Leaving everything to the year end is not a good idea. Clients don’t seem to understand how important a bank rec is until the year end arrives and they have a big list of queries from me as to why payments and receipts where never entered in their accounts system. Don’t be concerned about the word bank reconciliation, just think logically. If you made a payment you need to record it somewhere, you cannot just leave it out. Imagine if your bank decided now and again to not record money coming into your bank account, you would think this crazy, but yet you do it every day.
Bank rec = entering everything, all payments and all receipts as they happen and not wait to the end of your financial year.
