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.