PROGRAMME OBJECTIVES:

At the end of this course trainees should be able to 

• keep appropriate records  - what to keep, how long to keep them & how to keep them organised
• preparation of  Daybooks ( concentrating on simple Bank Book during session) 
• extracting key information for taxation and financial management purposes   

 OUTLINE CONTENT

• Self Assessment system explained – income tax compliance obligations
• Record keeping obligations – receipts, invoices etc
• Using technology to keep records, photos, apps etc
• Review deductible expenses
• Tax dates- preliminary tax, tax returns – Form 11
• Contact numbers
• Dealing with your Accountants
• Basic bookkeeping and accounts terminology explained
• Prepare of the following: Concentrating on Daybooks and day to day bookkeeping
  - Practical application of Bank Receipts Book and Bank Payments Book (Bank Book)
  - Reconciling to bank statements
• Templates provided linking to profit and loss account on Excel
• Introduction to other daybooks
• Setting up Manual v. Excel v. Computer packages as options
• Different types of accounting packages – pros cons and costs
• Using Revenue On-line System(ROS)