ICB Bookkeeping Levels 2 & 3 + Self Assessment Tax

The computerised section of this course is based on Xero

Course DurationLearning Hours: 255-305

DurationDuration: Up to 30 Months

ExamsExams: 9

91% Level 2 Bookkeeping Pass Rate in 2022

Our level 2 and 3 combined bookkeeping course with Self Assessment Tax as an extra module.

Save an extra 10% with the checkout code: ICB10P

The level 4 Self Assessment Tax module is designed for those wishing to complete returns for individuals and businesses (Sole Traders and Partnerships).

Level 2 is comprised of three units: A1, A2, and A3. A1 and A2 tackle manual bookkeeping and A3 focuses on computerised bookkeeping using Xero software.

This course uses Xero. Are you looking to complete your studies using Sage Business Cloud software? Click here to be taken to our Sage version of the course.

No other training provider includes as many materials, lessons, examples and activities.

Exceptional ICB pass rates
Study whenever you want – at your own pace
Award-winning tutor support
Dedicated accounting and bookkeeping training provider
Interest-free payment plans to spread the cost

Includes free bonus courses

Free Xero Course and Certification

This enhances your CV and gives you the experience of using one of the most in-demand types of accounting software.

Free CPD Spreadsheets for Accounting unit

Learn how to create and use formulas, create pivot tables and charts, and use other advanced spreadsheet features to automate your accounting tasks.

ICB Training Provider of the Year

With 11 wins, no other distance learning provider has won ICB Training Provider of the Year more than Training Link.

Training Link focuses on only three subjects: Accounting, Bookkeeping, and Payroll.

This keeps us focused on delivering the best student experience. And that’s why over the last 27 years we’ve won over 20 awards – from scooping AAT’s Best New Training Provider in 2018 to winning ICB’s Training Provider of the Year award 11 times!

Training Link has written and created all of the study material for our ICB courses.

And because we control this material, we can improve it based on student feedback and results. This is what helps Training Link students achieve outstanding pass rates.

This course comprises the ICB Level 2 and Level 3 Certificate in Bookkeeping and Accounts courses with the Level 4 Self Assessment Tax unit.

But our ICB courses and material go far beyond those offered by other providers. We include:

The Institute of Certified Bookkeepers was established in 1996. They promote the bookkeeping profession, learning and education, and offer qualifications.

The ICB is the largest bookkeeping membership organisation in the world. There are over 150,000 students and members in over 100 countries.

ICB’s certification is based on exams and only the finest professionals are eligible for membership. Members need to maintain their status via Continuous Professional Development.

ICB’s rigorous standards give businesses the confidence that an ICB-certified Bookkeeper will have the highest standards. And that’s why it is a perfect pathway for anyone who wants to become a self-employed bookkeeper.

A1 – Basic double-entry bookkeeping to trial balance

Home /place of work-based assessment to include:

  • Underpinning knowledge
    • Knowledge of the different categories of business that exist
    • Terms in bookkeeping (assets, liabilities etc.)
    • Banking procedures
    • Understanding the different categories of VAT (standard, reduced, zero, exempt, outside the scope)
  • Calculation of the value of the capital investment for a sole trader
  • Calculation of business documents including calculation of VAT
  • Showing an understanding of the effect of entering transactions into a bookkeeping system for sales, purchases, overheads, capital items, returns, personal items etc.
  • The effect of making and receiving payments including bank, cash and petty cash transactions
  • Calculation of account balances
  • Production and explanation of a trial balance

A2 – Further double-entry bookkeeping to trial balance

Home/place of work-based assessment to include:

  • Underpinning knowledge
    • Ethics
    • Legislation relevant to the bookkeeper
    • Accounting concepts
  • Further double entry including the following
    • Topics from paper 1
    • The content of control accounts
    • Writing off a bad debt
    • Construction Industry Scheme
    • Posting non-sole trader entries (subscriptions, donations, drawings of partners, directors’ loan accounts etc.)
  • Entry of payroll journals
  • Calculation of the value of a suspense account in a system that does not balance
  • Reconciliation of debtors, creditors and bank balances
  • Correction of errors that do not affect the trial balance
  • Production and explanation of a trial balance

A3 – Data entry to trial balance using a computerised accounts package

Home /place of work-based test to include the use of a computerised accounting package to include:

  • Opening of entries
  • Entry of cash and credit transactions
  • Production of a trial balance
  • Production of reports for debtors, creditors, banks, VAT and the audit trail

The three assessments should be taken in the order listed above. Each assessment will generate an accreditation notification. Successful candidates will need to pass all three assessments to gain the full qualification.

M4 Reconciliations and Final Accounts of a Sole Trader

Home/place of work-based assessment to include:

  • Underpinning knowledge
  • Reconciliation and correction of errors (customer and supplier reconciliations, bank reconciliation, correction of errors including the clearance of a suspense account balance)
  • The calculation of summary figures for control accounts
  • VAT Returns (cash and standard VAT Returns only but including EU transactions)
  • Posting adjustments including disposal and acquisition of fixed assets
  • Revaluation of assets
  • Final accounts of a sole trader (profit and loss account and balance sheet)

M5 Final Accounts of a Partnership

Home/place of work-based covering knowledge and skills assessment to include:

  • All of the requirements for paper M4 but set in a partnership scenario plus:
  • Underpinning knowledge
  • Ethical considerations
  • Underpinning knowledge of the legal requirements for a partnership
  • Final accounts of a partnership including the appropriation account and production of partners’ current accounts
  • Calculations and bookkeeping entries to record a change of partnership (partnership ratios, goodwill, the effect on capital and current accounts etc.)

M6 Final Accounts for a Not-for-Profit Organisation

Home/place of work-based knowledge and skills assessment to include:

  • All of the requirements of paper M4 but set in a not-for-profit scenario plus:
  • Underpinning knowledge regarding not-for-profit organisations
  • Understanding the different requirements of a chart of accounts for such an organisation
  • Understand the concepts of the different forms of income for not-for-profit organisations including a subscriptions account
  • Posting adjustments including the subscriptions account and disposal and acquisition of fixed assets
  • Final accounts of a not-for-profit organisation 

M7 Final Accounts for Incorporated Businesses

Home/place of work-based assessment to include:

  • Final accounts including adjustments for a limited company (internal management accounts format only)
  • Limited liability partnerships
  • calculation and interpretation of ratios

Self Assessment Tax

Home/place of work-based assessment to include:

  • Underpinning Knowledge
  • Entering Details of Personal Income onto a Self-Assessment Return
  • Entering Details of Business Income and Expenditure for Unincorporated Businesses
    onto the Relevant Returns
  • Chargeable Gains
  • Calculating Tax and National Insurance Contributions Due and Filing Returns
  • Foreign Income and Residence Basis

There are no prerequisites, but you need to have basic numerical skills and a good understanding of the English language.

If you have any questions please contact us.

On completion of both levels 2 and 3, you can upgrade your ICB membership status and use the letters MICB after your name. You can also use the title of ‘ICB Certified Bookkeeper’. You will also be able to work as a self-employed bookkeeper or work for a company as a bookkeeper.

And after completing the Self Assessment Tax module, you’ll be able to offer additional services to existing clients. It’s a great way to maximise revenue per client.

Level 2 Bookkeeping

For the Level 2 course, there are three exams. The ‘A1’ and ‘A2’ exams are online so you will need a reliable Internet connection and a computer.

The ‘A3’ Paper is a home-based assignment where you will need to upload a report.

Level 3 Bookkeeping

For the Level 3 course, there are four 3-hour online exams. They can be taken at home or your place of work. You will need a reliable Internet connection and a computer.

The fifth exam is a 2-hour synoptic. This would typically be taken at an ICB exam centre, however, since Coronavirus this is currently available by remote invigilation. You would need to keep your webcam turned on throughout the exam.

Self Assessment Tax

This is assessed by one online assessment, taken in the candidate’s home or place of work.

The assessment will be available to complete for a period of 48 hours.

The exam is a series of tasks, such as entering amounts into screens that resemble an online self-assessment return. Other tasks involve calculations that show an understanding of the calculation of tax, National Insurance Contributions, Capital Allowances, Capital Gains Tax and adjusted net profit.

Want more flexibility?

Our tutor support timeframes are deliberately generous and far exceed what most students need.

Most of our students finish well in advance of the course duration. But what happens if you do need a little longer?

This is where our course extension options come into play. We offer one-month, three-month, and six-month extensions so you can feel reassured by knowing that if you do need extra time you have that option.

Course package options


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Spread payments over 3 years

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Our finance option is provided in partnership with Omni Capital. For your finance application to be considered you must meet the following criteria:

  • Be over 18 years of age
  • Be employed for at least 16 hours per week or retired and in receipt of a private or company pension. Certain state benefit schemes may be considered.
  • Be a permanent UK resident with a 3 year address history
  • Have a good credit history with no late payments, debt relief orders or bankruptcies
  • Have a valid email address and can access it

Please note that meeting the criteria listed above does not guarantee finance acceptance.

If you want to enrol on a course and you have questions about your Omni Capital application or want to discuss other payment options please call us on 0800 594 2822.

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