Software Training

• Setting up companies either using various VAT schemes, i.e. Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, Marginal VAT Scheme
• Choosing the chart of accounts that suits the firm's needs and its customisation
• Understanding how double entry is applied in accounting software and how to customise the nominal ledger and nominal codes
• Setting up customers’ and suppliers accounts using Sage 50 Accounts
• Processing invoices and credit notes
• Generating reports customer/supplier invoices
• Generating customer/supplier statements and reconciling them
• Generating aged debtors and aged creditors reports for credit control purposes
• Understanding CIS deductions and processing invoice containing CIS element
• Understanding reverse charge and processing invoice containing reverse charge element
• Identifying errors and performing error corrections
• Allocating cash payments and receipts
• Allocating bank payments and receipts
• Allocating supplier payments and customer receipts against right invoices
• Performing bank reconciliation / petty cash reconciliation using Sage 50 Accounts
• Calculating VAT for businesses with mixed zero-rated and standard-rated sales combining Sage and Excel
• Preparing, Reconciling and Submitting the VAT return to HMRC
• Dealing with HMRC queries, deadlines and penalties
• VAT registration and deregistration process
• Deeper understanding of Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, Marginal VAT Scheme and VAT Retail Scheme

We also install licenced Sage 50 software on candidate’s laptop so that they can practice more at home and become more employable.