Bookkeeping & VAT Training

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

• 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 form 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

Bookkeeping Training:

You can have option of learning following Important Accounting Software:

1. Sage 2017 v24
2. XERO
3. Quickbooks
4. Forbes
5. IRIS

(YOU CAN CHOOSE MORE THAN ONE SOFTWARE)

You will be learning the following :

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

Industries Covered

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

Using sage as an example, the course structure is going to be as follows:
(It is the same structure for all the other software)
Learning knowledge and Training on Sage 50 Navigation and other software.

Bookkeeping training:

Module 1:
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 being customised and set up according to the following:
  • Arrangement of accessible rights to users
  • Arrangement of Bank, cash and credit card accounts
  • Arrangement of Customer and supplier records
  • Arrangement of Departments

Changing global options

• Makes you to learn and how to use default setting that results in determining the data the way it has being displayed in sage 50
• Changing the system date & accounting periods
• Sage 50 makes it easier to work with as it divides the whole fiscal year into a number of accounting periods.
• Makes you learn how to identify and choose a correct accounting period and know how to modify the system date in Sage 50.

Modifying the chart of accounts

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

Bookkeeping training:

Module 2:

Supplier Module :

• Computing 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

Bookkeeping training:

Module 3:

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

• 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 matter 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