Online ExpertTrack in Business & Management

Complete Practical Bookkeeping

Gain vital bookkeeping know-how and skills to use in any business venture with this practical approach to managing finances.

Created by


Learn more

Start the bookkeeping journey to develop key accounting skills

Bookkeeping is one of the most important aspects of running a business. Not only does it help you keep accurate records of your expenses and income, but it provides you with vital information that can help with budgeting, improve decision-making, and aid in cash flow.

On this ExpertTrack, you’ll understand how and why businesses need to maintain accounting records, and how these records end up creating a full set of financial statements.

You’ll gain a solid understanding of basic accounting as you learn about the essential business documents needed for finances. With this knowledge, you’ll learn how to carry out key accounting processes including double-entry bookkeeping.

Learn how credit sales are recorded on financial statements

To develop your accounting skills, you’ll delve into non-cash transactions to understand the implications of credit sales and purchases.

By exploring these more advanced transactions as well as the role of VAT, you’ll gain knowledge of further considerations a business has to make on a daily basis.

Understand the importance of controls within an accounting system

Controls within accounting help reduce errors, ensuring the validity and reliability of the figures within your financial statements.

You’ll explore control accounts as well as the process of reconciliation to maintain the accuracy of your financial information.

Explore the banking system and payroll accounting

On the final course of this ExpertTrack, you’ll delve into other accounting functions such as payroll and the banking system.

You’ll learn banking terminology and the skills to help you navigate the banking system successfully before exploring payroll within a business.

Accurate payroll does more than pay your employees. It helps you calculate expenses, keep financial statements correct, and builds trust with your employees when they are consistently paid on time.

By the end of this ExpertTrack, you’ll have strong theoretical knowledge and the practical skills to ensure you know how to complete bookkeeping within any business context.

Key skills you will learn

  • Identifying business documents and transactions
  • Applying the concepts to double entry bookkeeping
  • Understanding the difference between different types of entity
  • Understanding the difference between different types of accounts
  • Undertstanding the relevance of VAT and accounting for it

Learning outcomes

By the end of the ExpertTrack, you’ll be able to...

  • Describe the effect that different forms of payment will have on an organisation’s bank balance.
  • Discuss the role the payroll function plays within the business.
  • Explore the business Cashbook as well as Petty cash and see how they are maintained
  • Identify the risk of errors arising and the need for the journal to correct these errors.
  • Evaluate VAT, how it works and who is subjected to it.
  • Discuss how returns of goods are dealt with from both the seller and the buyer’s perspective.
  • Define common terms used in accounting including capital income, capital expense, revenue income and revenue expense.

Experience required

This ExpertTrack is designed for complete beginners and requires no prior experience or knowledge.

You’ll start with the basics before moving onto intermediate and complex transactions and how you account for them.

Getting started

You’ll gain skills in bookkeeping and accounting which will help if you are new to business finance or if you have some prior knowledge that you wish to build on. It will also be useful if you are currently studying accounting or a related subject and wish to gain a practical viewpoint to ensure a sound understanding of concepts, theory, and application.

You’ll gain confidence and practical knowledge that you can apply in the workplace. This understanding will also be hugely beneficial if you have just started your own business and need to know how to create your own financial statements.

ExpertTrack course overview

  • Course 1

    Learn the essentials of accounting to develop practical skills and knowledge to use in the workplace or for your own business.

    4 weeks

    3 hours per week

    • Week 1

      Introduction to accounting
      • Welcome
      • The fundamentals of business, accounting and the financial statements
      • Accounting systems - business transactions & documents
      • Accounting systems - books of prime entry
    • Week 2

      Accounting for transactions - basic principles
      • Welcome
      • Introduction to double entry bookkeeping
    • Week 3

      Ledger accounting and double entry bookkeeping
      • Welcome
      • Ledger accounting
    • Week 4

      Ledger accounts to the financial statements
      • Welcome
      • Ledger accounting - balancing off the ledger accounts
      • Preparing a trial balance
      • Preparing the financial statements
  • Course 2

    Take your accounting knowledge further as you understand different transactions and how these appear in the financial statements.

    3 weeks

    3 hours per week

    • Week 1

      Credit sales, VAT, discounts and returns
      • Welcome
      • Credit sales
      • VAT on sales
      • Discounts on sales
      • Sales returns
    • Week 2

      Credit purchases, VAT, discounts and returns
      • Welcome
      • Credit purchases
      • VAT on purchases
      • Discounts on purchases
      • Purchase returns
    • Week 3

      Accounting for inventory in stock
      • Welcome
      • Accounting for inventory
      • Inventory valuation
      • Closing inventory, opening inventory and double entries
  • Course 3

    Learn how to use accounting controls to ensure financial statements are accurate, valid, and reliable.

    3 weeks

    3 hours per week

    • Week 1

      Subsidiary ledger and control accounts
      • Welcome
      • The general ledger and subsidiary accounts
      • Sales and purchase returns
      • Control accounts and reconciliations
    • Week 2

      Errors and suspense accounts
      • Welcome
      • The journal: new entries within
      • Errors
    • Week 3

      Bank reconciliations
      • Welcome
      • Reconciling the cash book to the bank statements
  • Course 4

    Learn how the banking system works and instil trust in employees as you develop payroll skills to correctly pay staff on time.

    3 tests

    4 weeks

    3 hours per week

    • Week 1

      • Welcome
      • Payroll
    • Week 2

      The banking system
      • Welcome
      • The banking system
    • Week 3

      Practice assessment
      • Welcome
      • Task 1: Double entry bookkeeping and ledger accounting
      • Task 2: Ledger accounting, the trial balance and preparing financial statements
      • Task 3: Reconciliations and testing various controls
    • Week 4

      Final assessment
      • Welcome
      • Final assessment

Prove you're job ready

Highlight the new, job-relevant skills you’ve gained and supplement existing qualifications with a hard-earned, industry-specific digital certificate – plus one for every course within your ExpertTrack.

  • Learn the latest in your chosen industry or subject.
  • Complete each course and pass assessments.
  • Receive certificates validated by the educating organisation.
  • Impress employers with learning outcomes you can add to your CV.
  • Make your career dreams a reality.

Download a PDF

How ExpertTracks work

Join an ExpertTrack to master new skills in your chosen specialist area. Work through a series of topic-focused courses at your own pace, and pass the final assessment to earn a digital certificate award which proves your expertise.

Join a free 7-day trial

Decide if the ExpertTrack is right for you with free access to the full suite of courses and assessments for a week.

Keep learning for $39/month

Pay a monthly subscription fee of $39 for as long as it takes you to complete the ExpertTrack. You can learn at your own pace and cancel at any time.

Earn digital certificates

Receive a certificate for every completed course and pass the final assessment to earn a digital certificate.

Become an expert

Use your specialist training to progress further in your career or build expertise in areas you’re passionate about.

World-class learning with Kaplan

Kaplan UK is a leading international provider of educational and career services. Building on a rich heritage of more than 50 years of training accountants and financial professionals, Kaplan UK serves more than 48,000 students a year, both based in the UK and from overseas, who train for AAT, CIMA, ACCA and ICAEW qualifications.

  • Established

  • Location

    London, UK

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

Want to know more about learning on FutureLearn? Using FutureLearn

What are our learners saying?

Add a new skill or forge a new path

"I recommend Futurelearn to anyone looking to learn and upskill...If you are in the job market, you might want to add a new skill or forge a new path."

They bring the classroom right to you

"FutureLearn courses are always interesting and informative. They bring the classroom right to you and send you on a journey to explore new ideas and offer interesting topics."

Start learning today - free 7-day trial

After your free trial you can:

  • Pay $39 per month to keep learning online
  • Have complete control over your subscription; you can cancel any time
  • Work at your own pace and set your own deadlines at every stage
  • Only pay while you’re learning; the subscription will cancel automatically when you finish
  • Complete online assessments to test your knowledge and prove your skills
  • Earn digital course certificates and a final award that you can share online, with potential employers, and your professional network
  • Keep access to the content of courses you complete even after your subscription ends


ExpertTracks are a series of online courses designed to help you master new skills in specialist areas. You pay a monthly subscription fee which includes access to all courses within the ExpertTrack, as well as assessments and the final digital certificate.

Each ExpertTrack comes with a 7-day free trial period. You may cancel your subscription at any time and your subscription will automatically cancel when you finish the courses and assessments in your chosen ExpertTrack.

Yes. All of our ExpertTracks come with a 7-day free trial. You may claim one free trial period per ExpertTrack.

You have seven days before you will be charged your first monthly subscription fee. When you join an ExpertTrack you automatically receive a 7-day free trial period. You can cancel at any time during the trial period and no payment will be taken from your account.

Please see our full refund policy here.

No, all of our ExpertTracks consist of fully online courses. This means you can take an ExpertTrack from anywhere in the world.

No. ExpertTracks are designed for you to master new skills in a specialist area. You will earn a digital certificate that proves your learning, but it does not carry accreditation.

If you’re looking for certified or accredited courses, many of our microcredentials offer university credit or professional certification.

Have more questions about ExpertTracks? Read the ExpertTracks FAQs, or contact us.