Skip to main content

IAB Level 2 Certificate in Bookkeeping


IAB Distance Learning Centre of the Year 2023

Are you looking to pursue a career in bookkeeping or even further your knowledge in the field? Then this IAB Level 2 bookkeeping course could be just for you. From gaining the knowledge and skills to carry out a range of day-to-day bookkeeping routines to using a sub-divided double-entry bookkeeping system, this may just be your foot in the door to the bookkeeping world.

Course duration

Up to 1 year.

Course outcome

You will receive a Level 2 Certificate in Bookkeeping accredited by IAB.

Entry requirements

There are no specific entry requirements for the IAB Bookkeeping Level 2 course.


A mixture of tutor-marked assignments, online tests and an examination.


Study Options

This course is only available as a study pack

Study Options

or £16.33 /month*
Course code: OSC1135

Up to £125 off selected courses! Hurry, sale ends in

*Pay monthly option available via Snap Finance on payment page in checkout


Course overview

  • Understand the types of business entities which operate in the private sector of the UK economy.
  • Explore the services offered to businesses by banks and building societies.
  • Know how to use a sub-divided bookkeeping system using main books, subsidiary books and books of prime entry.
  • Gain an internationally recognised qualification.

This IAB course provides an excellent knowledge base in bookkeeping and accounting, 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 course will boost your skills and help you progress in your career. You’ll go from learning to prepare reconciliations to carrying out a range of day-to-day bookkeeping routines and activities.

It is ideal for:

  • Students who want to develop their accounting and bookkeeping knowledge.
  • Those aspiring to work or progress their career in accounting, finance, or bookkeeping.

Future career options

  • Chartered accounting
  • Finance manager
  • Management accounting
  • External auditor
  • Forensic accountant
  • Stockbroker
  • Internal audit
  • Business analyst

Course content

  • Basics of bookkeeping and bookkeeping systems
  • Terms used by bookkeepers
  • Source documents and their purpose
  • Sub-divided bookkeeping system
  • Basics of the VAT system
  • HMRC VAT rules
  • VAT control account and VAT return

  • Role of banks and building societies
  • How businesses use financial services
  • Methods of payment and their features
  • Security measures and procedures for the safekeeping of cash

  • Prepare documents to be issued to customers
  • Checking documents received from suppliers
  • Preparing documents to be issued to suppliers
  • Preparing a petty cash voucher

  • Day books
  • Analysed cash book
  • Petty cash book
  • Journal

  • Trial balance
  • Control accounts and reconcile control account balances
  • Reconcile the bank current account balance

Extra Information

During this course, you will complete a number of tutor-marked assignments in preparation for your official assessments.

As part of your official assessment, you will complete two online knowledge tests, two online assignments and an examination. All online knowledge tests and assignments for this course are completed using the IAB online testing platform and are subject to a time constraint. You are required to complete one IAB examination which will be completed under controlled conditions at an external venue. You will be responsible for booking your exams, but we can assist in locating an approved venue.

Please note, you must purchase IAB student membership in order to book your IAB exams – please see the Q&As section for more information.

Once enrolled, you can start at any time and will have 12 months to complete the course. You will also receive 12 months tutor support, so you can work at your own pace.

This course is designed for study by distance learning at home or at work. You will receive a course pack containing all study materials, as well as support and assignment marking from a personal tutor.

Upon successful completion of all assessments, you will achieve a Level 2 Certificate in Bookkeeping accredited by the Institute of Accountants and Bookkeepers (IAB).

Upon completion of the IAB Bookkeeping Level 2 course, you can move up to, and complete, the IAB Bookkeeping Level 3 course.

Awarding Body

The Institute of Accountants and Bookkeepers (IAB) is a membership organisation and awarding body that provides qualifications in bookkeeping, payroll, and finance all over the world.

By offering flexible, Ofqual-regulated qualifications, they are helping develop students’ journeys from the beginning and throughout their careers. The courses are developed by education professionals, members of the IAB, employers, and other relevant organisations to ensure that all of their qualifications meet the highest industry-approved standards.


There are no formal entry requirements needed to enrol onto this course. However, it is recommended that you have basic skills in numeracy and literacy. Prior knowledge of bookkeeping terminology and the skill to perform some basic bookkeeping tasks is also desirable.

  • Dedicated personal tutor support
  • Dedicated learner services
  • Assignment marking and feedback
  • 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

From 1st January 2022, all IAB students will be required to register for student membership via the IAB website. The annual membership fee is £50. Once you have registered, you will receive an e-certificate indicating that you are a member of the IAB and the date your membership is valid until.

Becoming an IAB member will give you access to a range of benefits such as networking events, copies of the quarterly The Bookkeeper magazine, and a dedicated student area on their website.

Please note that to enable you to book your IAB exams, you must purchase the membership and register as a student member.

For more information on membership, benefits and exam fees, go to the IAB website.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Learner Services Team can provide you with a new set of materials for a one-time additional fee.

That's not a problem. We want to make sure you're 100% confident about enrolling on the course and starting your study. So, just give our team of education specialists a call on 03300 563 100 and they'll do their best to help.

Related courses