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Bookkeeping & VAT Return Training

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PREPARE YOURSELF FOR A GREAT CAREER

If you’re looking to build an exciting career based on professional accounting skills that could take you across the globe in a diverse range of roles than this is the starting point for you.

Award Winning - Practical Accounting Training

MORE RESOURCES. MORE GUIDANCE. MORE CHOICE

With our flexible Training options, you can choose to complete the program to your own timeline and with the level of support you need. Looking for more than Bookkeeping skills? Try our Accounts Assistant and Final Accounts trainings for more skills and job opportunities.

Course Description

Our Bookkeeping practical training equips you with all the skills to manage finances, record daily transactions, document ledgers and journals including transactions such as purchases, expenses, sales, and receipts. In Bookkeeping, financial reports are recorded on a daily basis to record all the financial activities of the company. Companies use different accounting software like Sage, QuickBooks, Xero and MS Excel spreadsheets to record these transactions.

This is where our hands-on practical training on real client files can make all the difference for you. Having expertise and being qualified in these accounting software will boost your career aspects and our recruitment team will help you in finding a suitable job role for you as soon as you finish your training. Our VAT return Training course helps you prepare and maintain records for transactions of goods and services which is applicable to all UK businesses.

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VAT return records things like your total sales and purchases, the amount of VAT you owe, the amount of VAT you can reclaim, what your VAT refund from HMRC. We have organised a structured course which explains the uses of different VAT schemes, Reconciliation of VAT, Import and Export VAT calculation and also preparing VAT in Spreadsheet with the use of MS Excel and Bookkeeping through SAGE software.

This course provides good working knowledge and practical experience on the different bookkeeping methodologies and practices essential to effectively record and store financial information on a daily basis. The course is designed to give you a thorough experience of Tax Returns and Bookkeeping accounting principles and you will be coached by our CPD Certified Accountancy professionals. Our unique approach of blending the important theoretical concepts and practical skills give you an enormous competitive advantage in your quest to get a an accounting job.

Bookkeeping & VAT | Average Salary £18k to £22k

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Who is it for

The course is suited for aspiring bookkeepers, and anyone who wants to start a career in accounting.

  • New entrants into accounting sector
  • Learners pursuing accounting qualification
  • Candidates with overseas experience.

Certification You will Earn

CPD
Certificate
Accountancy Practice
Certificate
IAB
Certificate
Xero Adviser Certificate

Making Tax Digital (MTD)

Making Tax Digital (MTD) is one of the government’s current desired plans to make it easier for individuals & businesses to get their taxes right by making it more effective, efficient and user-friendly for taxpayers to be putting accurate taxes. Many VAT-registered businesses with a taxable turnover above the VAT threshold of £85,000 are now required to use the Making Tax Digital service to keep records digitally and use software compatible with MTD to submit their VAT Returns. For this concept to be implemented, companies are keeping digital records and providing updates to HMRC to prevent these errors from occurring regularly. The government has also mentioned that businesses will be ...

WE ARE MORE THAN JUST A SOFTWARE TRAINING COMPANY - WE ARE YOUR CAREER MENTORS

Course Contents

VAT and Bookkeeping Training course:

You have option of learning any of the following Accounting Software's:

  • Sage 2017 v24
  • XERO
  • Quickbooks
  • Forbes
  • IRIS
  • Freshbooks
  • Capium
  • VT Software
  • Free Agent

(YOU CAN CHOOSE MORE THAN ONE SOFTWARE)

Industries Covered

The training is provided with the relevant industries listed below:

  • Construction
  • Wholesale
  • Retail
  • IT
  • Solicitor
  • Medical Surgeries
  • Dental Clinics
  • Online Business
  • Architect & More

*Using sage as an example, the course structure is as follows:

(The course structure is same for all the other softwares)

Bookkeeping Training:

Create a new company

Sage 50 helps you to learn and create a new company data file.

  • Makes you to learn and identify the needs of the company. Implement the discussion on template.
  • Its Software is being configured and based on identified company needs.

The Module has been customised and set up according to the following:

  1. Arrangement of accessible rights to users
  2. Arrangement of Bank, cash and credit card accounts
  3. Arrangement of Customer and supplier records
  4. Arrangement of Departments
Changing global options
  • You learn how to use default settings that results in determining the data the way it is being displayed in SAGE 50
  • Changing the system date & accounting periods
  • SAGE 50 makes it easier to work as it divides the whole fiscal year into a number of accounting periods.
  • You learn how to identify and choose the correct accounting period and know how to modify the system date in SAGE 50.
Modifying account charts

You will also have a

  • Deeper understanding of subsidiary and general ledger, setting up the chart of accounts
  • Arrangement of the Customer, Supplier and Tax codes
  • Arrangement of the software for company use by entering opening balances for nominal, customer and supplier accounts
Supplier Module :
  • Analysing supplier invoices, credit notes and post supplier payments
  • Analysing supplier account activity
  • Computing reconciliation of supplier account activity.
  • Recording supplier invoices & carrying out aged creditor analysis
  • Designing various Daybook reports for the Supplier activity
  • Organizing the purchase budgets and payment runs via Supplier reports
  • Modify and revise the supplier account details
  • Arrangement and processing of recurring transactions
Customer Module
  • Generating and updating invoices, purchase orders, quotes and credit notes for customers.
  • Computing customer invoices.
  • Extracting the reconciliation of customer account activity.
  • Recording customer receipts & carrying out the aged debtor analysis.
  • Designing various Daybook reports for the Customer activity
  • Organizing the cash flow and working capital based on generated reports
  • Modify and revise the customer account details
  • Arrangement and process recurring transactions
  • Organizing the credit control, including statements and overdue letters
Bank Module
  • Analyse various bank accounts.
  • Performing on numerous petty cash transactions
  • Accessing the petty cash reconciliation
  • Recording the bank transactions
Company Module :
  • Rectification, identification and correction of errors while computing
  • Analysing and keeping the data safe by using various backups
  • Understanding various options available to manage the overall bookkeeping
  • Keeping an eye on the transactions and generating audit trails
  • How to record and process General Trail balance and financial statements
VAT Training :
  • Deeper knowledge and understanding of various VAT Scheme
  • Updating and analysing of Cash, Standard , flat rate schemes in Software.
  • Understanding the various other policies related to VAT on goods from EU Countries.
  • Keeping a general record of the various matters related to Acquisition Tax.
  • Deeper Knowledge and better understanding of Intrastat Supplementary declarations
  • Updated Knowledge of Tax matters on goods purchased from non-EU countries , and how to process and apply for EORI
  • Claiming relief on the goods returned outside EU
  • Analysing and choosing the appropriate VAT quarters
  • Keen Observation and analysis of all spreadsheets related to the transactions
  • Proper analysis of VAT related to mixed transactions ,identifying the zero rated, standard rated items and recording it and performing a reconciliation to calculate the VAT
  • Introduction to various important VAT industry specific issues for Retail , IT , Construction industries.
  • Writing off bad debt and perform a VAT reclaim
  • Guidelines and knowledge about how to perform VAT adjustments
  • For better understanding on how to the work on VAT regular workshop has being introduced.

Bookkeeping training can be integrated with our Bookkeeping and Payroll and Accounts Assistant Training

This course is part of Future Connect Training and Recruitment Ltd 's Practical Accountancy Training with Guaranteed Placement option


Skills You Will Gain

  • Sales Day Book
  • Purchase Day Book
  • Credit Notes
  • Debtor /Creditor Reconciliation
  • Petty Cash Reconciliation
  • Bank Reconciliation
  • VAT Calculation
  • VAT Adjustment

Duration

Total Hours

102

Months

2

(9 Hours per week approx)

Sessions

25

Career Path

  • Sales Ledger Clerk
  • Purchase Ledger Clerk
  • Bookkeeper
  • VAT Manger
  • Billing Clerk
  • Credit Controller
  • Account Receivable Clerk
  • Trainee Bookkeeper
  • Account Payable Clerk
  • VAT Administrator
  • Cash Controller

Work Placement Structure

After finishing your training, you will be given a chance of guaranteed work placement at our offices or at our external client’s offices. The duration is dependent upon the training course you have opted with us.

Benefits

  • Blended learning approach with revision based clients accessible from home to give you maximum support in learning.
  • Flexible one to one training sessions built around your availability, with option to choose days, timing and sessions.
  • Recruitment company helping you with job hunting after training.
  • Certification from certified Accounting firm.
  • Specialised one to one coaching sessions for CV, Interview preparation and Job hunting tips.
  • Installation of software in your laptops for practice from home.
  • Covering experience requirement for all major accounting bodies.

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