Bookkeeping & VAT Return Practical Training
July 22, 2023 2023-07-22 8:40Bookkeeping & VAT Return Practical Training
Bookkeeping & VAT Return Practical Training
Course Overview
Future Connect Training courses are designed and delivered so you end up with real-world knowledge and skills. We will bridge the gap between theory and practice. This is a unique combination and will get you into your desired accounting job.
We start with learning the essential and most useful skills and concepts of bookkeeping and VAT in Bookkeeping training.
To start with we will be giving you all the important legislative knowledge about HMRC Rules and regulations regarding VAT and Making Tax Digital (MTD). You will gain practical skills in various industries like IT, Retail, Construction, Wholesale businesses and many other businesses. You will develop an understanding of the fundamental principles that underpin the basics of subjects in accounting and bookkeeping training. You will learn the time-honoured rules of double-entry bookkeeping and also how to prepare an unadjusted trial balance.
Suitable For
The course is suited for aspiring bookkeepers and anyone who wants to start a career in accounting.
- New entrants into the accounting sector
- Learners pursuing accounting qualification
- Candidates with overseas experience
Certification
- CPD Certificate
- Accountancy Practice Certificate
- IAB Certificate
- Xero Advisor Certificate
Course Content
- Sage 2017 v24
- XERO
- Quickbooks
- Capium
- Forbes
- IRIS
- Freshbooks
- 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
- Dental Clinics
- Online Business
- IT
- Solicitor
- Medical
- Surgeries
- Architect & More
Skills You Will Gain
The students will acquire the following set of skills after completing this Accounting, VAT Return and Bookkeeping Training.
- Sales Day Book
- Purchase Day Book
- Credit Notes
- Debtor / Creditor Reconciliation
- Petty Cash Reconciliation
- Bank Reconciliation
- VAT Calculation
- VAT Adjustment
Career Path
- Sales Ledger Clerk
- Purchase Ledger Clerk
- Bookkeeper VAT Manager
- 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 for with us.
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Create A New Company
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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.
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Modifying Account Charts
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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.
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Bank Module
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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.
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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.