Accounting | Practical Accountancy Training on Sage 50, QuickBooks and Xero

Depending upon the level of Job you wish to apply after this training, you will have the opportunity to cover the following tasks: Setting up a company either as a cash accounting scheme or a standard accounting scheme Choosing the chart of accounts that suits the ?rm's needs and how to customize it How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes Setting up customers accounts and processing invoices Setting up suppliers accounts and processing invoices Generating reports on invoices due, customer/supplier invoice activity Performing error corrections Allocating payments and receipts to invoices Performing bank reconciliation Generating different reports for management purposes, and understanding them Processing, reconciling and submitting the VAT return to HMRC Knowing how to deal with other VAT issues Understanding credit control procedures You will gain strong understanding of how to prepare client’s account from incomplete records Internal control procedures for tangible fixed assets and cash Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc. Posting adjusting journal entries at month end such as 
Accruals Prepayments Depreciation Inter company transactions and reconciliations Preparing closing entries Preparing the Final Trial Balance Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet Summarise and analyse financial data and produce reports for management purposes Monthly, Quarterly Management Accounts Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year We are approved training centres of AAT, OCR and ICB