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Course overview
- Study a flexible course that is accredited by the Institute of Certified Bookkeepers (ICB), the world’s largest bookkeeping institute.
- Develop advanced-level knowledge of bookkeeping processes and practices, from single-entry manual bookkeeping to fully computerised accounts.
- Gain recognised qualifications, allowing you to work for all types of organisations and as a freelance bookkeeper.
- A successful pass on this qualification will allow you to gain full ICB membership status and use the designated letters MICB after your name, proving your bookkeeping qualifications to employers or customers.
- The ICB Level 3 Diploma in Payroll Management is a comprehensive introduction for anyone wishing to enter the field of payroll and benefit from faster career progression into payroll management.
This ICB Bookkeeping and Payroll package provides you with all you need to know about bookkeeping, whilst being ideal for students who want to achieve a career in the field. If you’ve already made a start to life in bookkeeping, this bundle will boost your skills and help you progress in your career. In the package, you will work through the Level 2 Certificate in Bookkeeping, the Level 3 Certificate in Bookkeeping and Accounts, and the Diploma in Payroll Management Level 3.
During the level 2 course, you will learn to enter transactions, identify and correct errors, produce an initial trial balance, and more.
In the Level 3 course, you’ll explore post-year-end adjustments and learn about producing the final accounts for sole traders, partnerships, not-for-profit organisations, and limited companies.
Finally, the Diploma in Payroll Management is a comprehensive introduction for anyone wishing to enter the field of payroll and benefit from faster career progression into payroll management.
Course fees:
Study Pack– £1,009
- Monthly payment plan available
- No government funding available for this course
Who's It For?
- Students who want to develop their accounting and bookkeeping knowledge
- Those aspiring to work or progress their career in accounting, finance, or bookkeeping.
Job outcomes
- Chartered accounting
- Finance manager
- Management accounting
- External auditor
- Forensic accountant
- Stockbroker
- Internal audit
- Business analyst
Recognition
Study method
- Online
- Blended
- In-class
- Virtual
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Duration study load
Once enrolled, you can start at any time and will have three years to complete this bundle (one year per level).
You will also receive 12 months of tutor support for each level, so you can work at your own pace.
Whilst studying your course you will also be required to install Sage software; you will get 6 months of access to this software for each course in the bundle.
Delivery
The course is designed for study by distance learning at home or at work, with full tutor support by email so help is only a click away!
Entry requirements
No prior bookkeeping knowledge is needed to enrol onto this course, but you should have basic numerical skills. In addition, the SAGE software must be downloaded via the link supplied, so you’ll need a computer or laptop with an internet connection and storage space.
Course features
- Dedicated personal tutor support
- Dedicated learner services
- Assignment marking and feedback
- Free registration and a 1-year subscription to ICB
- Free Sage 50 Accounts and Payroll software
- Free CV critique service
- Free employability guide to help you impress future employers
- Free XO Student Discounts membership
- Comprehensive study guide
- Open Study College pen and highlighter
- Student notebook
You will also receive the following to support your studies:
- Free registration and a 1-year subscription to the ICB
- Free Sage software to support your studies
All course materials will be delivered to you by post or via email, so it couldn’t be easier. Our experienced and friendly tutors will help you every step of the way by email.
Assessment
During this course, you will complete several Tutor Marked Assignments in preparation for your official assessments.
For the Level 2 Certificate in Bookkeeping, as part of your official assessment, you will complete four online tests. For the Level 3 Certificate in Bookkeeping and Accounts, as part of your official assessment, you will complete four online tests and an examination. For the Diploma in Payroll Management, as part of your official assessment, you will complete one online test.
All online tests can be taken at home or work, wherever you have access to a secure Internet connection, so assessment is quick and simple. For any examinations, we can help you find an approved ICB examination centre in your area. You will be responsible for booking and paying for any assessments or exams.
Subjects
- Understand the importance of adhering to a code of professional ethics
- Understand the legal differences between the structure of different types of businesses
- Understand the specific accounting requirements for different accounting systems
- Understand the basic accounting concepts
- Understand the importance of legislation that applies to bookkeepers
- Understand the importance of the chart of accounts
- Understand the importance of IT systems in a modern bookkeeping world
- Understand the basic principles involved in double-entry bookkeeping including the format of the accounting equation
- Identify the various methods of payment and receipts to and from a bank account
- Understand the purpose and range of business documents
- Understand the need to accurately prepare business documents for goods and services supplied
- Understand the need to check business documents received
- Understand the various rates of VAT
- Understand how to correctly account for VAT in a bookkeeping system
- Understand how to account for VAT transactions with customers, and suppliers from, other countries
- Understand the purpose of, and making entries into, a bookkeeping system
- Calculate the value of equity
- Understand how to upload and match bank transactions
- Understand the use of control accounts in the system
- Understand the purpose and need to record petty cash
- Post appropriate journal entries into the system
- Understand the purpose and use of the trial balance
- Reconcile relevant account balances
- Understand the need to correct errors
- Produce relevant reports
- Understand the importance of adhering to a code of ethical principles
- Understand when and how to take appropriate action to cope with unethical behaviour
- Understand the legal differences between the structures of various types of businesses
- Understand the main accounting concepts that apply
- Understand the various accounting standards that are applied to the production of year-end accounts
- Understand the different VAT schemes that are available for use
- Understand the importance of being able to clearly communicate relevant information
- Understand the requirements for uploads to HMRC under making tax digital (as and when introduced)
- Reconcile debtors and creditors control accounts
- Write off a bad debt
- Correct errors in the accounts
- Reconcile the VAT account
- Complete a VAT return
- Account for the disposal of fixed assets
- Understand the need to allow for, and be able to post, adjustments to the accounts
- Provide for revaluation of assets
- Prepare a set of final accounts suitable for internal management purposes
- Calculate and post relevant amounts to appropriate profits as required
- Adjust capital share of partners
- Understand the importance of interpreting financial statements for internal management purposes
- Analyse and interpret financial statements
- Prepare a cash budget
- Legislation PAYE, NI, pensions and RTI
- Gross pay and statutory payments
- National Insurance contributions
- PAYE and tax codes
- Statutory deductions, student loans and attachment of earnings
- Directors N.I. deductions
- Expenses and Benefits in Kind (BIK)
- Construction Industry Scheme (CIS)
- Payroll forms in a payroll system
- Installation of Sage 50 payroll
- Setting up and configuration
- Company set up and access rights
- Employee records set up
- Payroll processing
- Timesheet entry
- Pay review and variances
- Record holidays and absences
- Process payrolls with holidays and absences
- Processing new employees
- Personnel records
- Pensions and auto-enrolment
- Bonuses, attachment of earnings and statutory pay
- Payroll year-end
About Open Study College
Open Study College are passionate about helping you achieve your goals without the restrictions of a traditional college. With over 700 online courses and qualifications to choose from, we’re sure you’ll be able to find the perfect course for you and your goals.Our distance learning courses are specifically designed to be studied from home. We have made it easy to study at home around your busy schedule using either a course pack or your smartphone, tablet, or laptop to access our e-learning platform.We understand that everyone learns in different ways and at a different pace. As an online college, when you enrol with us, you can study your course on your own terms.All of our qualifications are independently accredited by established awarding organisations. It’s easier to get the job you want when you have an employer-recognised qualification on your CV.Why choose Open Study College?Trusted qualificationsDedicated tutor supportExternally verifiedStudent perksAffordable studyCareer support
