Level 3 ‘M4’ Computerised Bookkeeping (With Software)

Brand New 2019 Syllabus!

M4 Computerised Bookkeeping is the second part of the Level 3 qualification, preceded by M4 Practical Bookkeeping.

Our unique materials are completely up-to-date and mirror the Level 3 syllabus as set by the Institute of Certified Bookkeepers (ICB).

Tried and tested, and written by our very own course specialists.



There are no prerequisites for this unit, although if you intend on sitting the exam at the end of this unit, then you will need to be a member of the Institute of Certified Bookkeepers (ICB) and hold a current, valid ICB Level 2 qualification.

Basic numerical skills and a good understanding of the English language would also be advantageous.

The course fee Includes:

  • New Style Printed Workbook containing lessons, examples, activities and assessments
  • 180 days access to Sage 50 Professional Software (Version 24)
  • FREE Postage and packaging within the UK


The following Units can be taken on completion of the ‘M4’ Computerised Bookkeeping Assessments.

  • Level 3 ‘M4’ Practical Bookkeeping (if not already taken)
  • Level 3 ‘M5, M6 and M7’ Practical Bookkeeping

‘M4’ Computerised Course content in detail

  • Installing the Software
  • Sage and the Chart of Accounts
  • Backing Up previous accounts
  • Clearing down the system
  • Company details
  • Types of businesses
  • General Business
  • Business set up
  • Cash Accounting Scheme
  • Entering the correct VAT registration scheme details
  • Summary – The Sage Default System
  • Fixed Assets
  • Current Assets
  • Current Liabilities
  • Long-term Liabilities
  • Capital and Reserves
  • Sales
  • Purchases
  • Direct Expenses
  • Overheads
  • Recording Bank Account Details
  • Recording the opening bank monies
  • Customers and Suppliers
  • Entering Customer Details
  • Setting Credit Control
  • Editing customer records
  • Setting the customer default information
  • Suppliers’ Details
  • Editing suppliers’ details
  • Processing Invoices and Credit Notes
  • Entering invoices
  • Payments and Receipts
  • Recording Payments to a Supplier
  • Recording Receipts from Customers
  • Report Details – Type column
  • Statements, Bank Payments & Recurring Entries
  • Statements
  • Cash Transactions
  • Recurring Bank Account Entries
  • Setting up a Recurring entry
  • Bank Reconciliation
  • VAT Returns
  • Value Added Tax (VAT)
  • A reminder of Input and Output VAT
  • Sage VAT Account
  • VAT Return
  • Checking the entries
  • Reconciling the VAT Return
  • Clearing the VAT Control Accounts

Please note: the following section does not cover the weekly and monthly processing payroll. It covers how to enter the payments into the accounting system. Payroll is a separate subject.

  • Payroll Journal
  • The Use of the Journal
  • Payroll Journal
  • Legal requirements
  • Payroll Terms
  • Gross Pay
  • Deductions from Gross Pay
  • Pay As You Earn
  • Income Tax
  • National Insurance Contributions (NIC)
  • Employees’ contributions
  • Employer’s contributions
  • Wages Summary
  • Bookkeeping Entries
  • Payment to HMRC
  • Payment to employee

Final Accounts

  • Year End Adjustments
  • Journal Entries
  • Accruals and prepayments
  • Depreciation
  • Straight Line
  • Reducing Balance
  • Bad Debts
  • Provision for Doubtful Debts
  • Increasing the Provision
  • Closing Stock
  • Year end Adjustments Continued:
  • Running the Year End
  • Health and Safety – The use of Computers
  • Employers’ Risk Assessment

If you choose to sit the exam at the end of this unit, you would be required to have registered as a student with the ICB first. You would also be required to have sat and passed the ‘A1, A2 and A3’ papers. You would then contact the ICB to book your exam.

To give you the best chance of success, we would advise that you complete both the M4 Practical Bookkeeping Unit AND the M4 Computerised Bookkeeping Unit.

PLEASE NOTE: If you have taken the M4 Practical Bookkeeping Unit and sat the associated M4 exam then there is no further exam to sit.

Paper 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)

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