Bookkeeping for Small Business

Venue:
National College of Ireland, IFSC
 
Date:
31/05/2017
 
Time:
14:00 - 18:00
 
Category:
Workshop
 

Develop an understanding of accounting and book-keeping. Know how to complete books/records towards completing tax returns and VAT 3 Forms. Understand financial data in your business.

This event is no longer available
 

Bookkeeping for Small Business  

 

Course Outline

This practical workshop will focus on developing the skills and know-how of the participants in basic bookkeeping for small business.

 

After the workshop participants will:

  • Develop an understanding of accounting and book-keeping
  • Know how to complete books/records towards completing tax returns and VAT 3 Forms
  • Understand financial data in their business

 

Training content will be on:

  • Understanding Financial Terminology
  • Applying main accounting concepts
  • Understanding the Principles of Double Entry Bookkeeping
  • Completing Books/Records - how and what
  • Accounting and Book-keeping - preparation of prime books (Sales Day Book, Purchases Day Book, Cash Book, Payments, Double Entry System and Trial Balance)
  • Preparing profit and loss, cashflow and balance sheet statements and understanding  the relationship between them
  • Business Taxation to include PAYE, Employer/Employee PRSI, USC and VAT

 

Objectives – Be able to:

  • Prepare the Prime Books of Entry
  • Apply the concepts of Double Entry to accounts
  • Understand the importance of recording VAT
  • Dealing with Payroll
  • Understand the difference between profit and cash flow
  • Understand key terminology of profit and loss
  • Understand key terminology of the balance sheet

 

Delivery Methodology:  The workshop will feature group work, individual tasks, Q & A and exercises. The priority is to equip participants with knowledge and skills which they can implement in their business.

 

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