Fundamental Level

Candidates will receive a hands-on training and will know how to perform the following tasks:

• Setting up companies
• Setting up a company either as a cash accounting scheme or a standard accounting scheme
• How and when to register for VAT
• Choosing the chart of accounts that suits the firm'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
• Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup
• Processing suppliers invoices and credit notes
• Generate reports on invoices due, customer/supplier invoice activity
• Performing error corrections
• Allocating payments and receipts of cash in a business Allocating bank payments and receipts
• Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation
• Processing the VAT return and reconcile the VAT return submitting the VAT return to HMRC
• Knowing how to deal with other VAT issues
• Performing Debtor Analysis Credit control procedures
• Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance
• Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software
• Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.
• Import and export VAT analysis
• Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel
• Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries
• Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements extract Bill of materials.
• Candidates will perform sales order processing, purchase order processing and stock reporting.
• Invoicing from stock and updating stock records

The training is carefully structured to give candidates the practical skills to enable them prepare accounts from source documents to the VAT return, in the exactly same manner as it is required. From our staff in our accountancy practice. This is a very unique platform for candidates, as it links directly into placements and ultimately jobs. We pride ourselves on giving opportunities to those who have the determination and attitude to succeed at accountancy. We promise to inspire you and develop you on every step on the way, with regular feedback sessions and supporting services. Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.