Bank payments is a key part of CONTROL ACCOUNTS, JOURNALS and the BANKING SYSTEM course.
You are part way through the CONTROL ACCOUNTS, JOURNALS and the BANKING SYSTEM course and you should have read the pages listed below before reading this page:
Welcome to Bank Payments.
It is important as an Accounting Trainee or Bookkeeper that you understand the practicalities of paying into bank and making bank payments and tracking incoming receipts made electronically .
As an Accounting Trainee or Bookkeper you need to:
-handle cash and cheques confidently and prepare paying-in slips for the bank
-be able to analyse bank statements in a methodical and accurate manner
-identify errors on cheques received
-appreciate the need for security and passwords when dealing with online banking
-prepare credit card vouchers
Online paying into bank and bank payments is becoming popular and you should be able to explain the following:
The Accounting examiner will expect you to have a thorough knowledge of paying into bank.
Receiving and Recording cash is another important aspect of the accounting Trainees job, as cash is often a target for theft! The Accounting examiner may require you to write a report on cash security.
The link to Amazon for the recommended reading on CAT Bank Payments is:
Now lets test your knowledge of making Bank Payments – go to the test below.
QUIZ: Bank Payments
Leaderboard for paying into bank1. -24 Points
2. -24 Points
3. MM-24 Points
4. -24 Points
5. -24 Points