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  & Bank Payments Book (Bank Book) and Cash Book
  • Reconciling to bank statements
  • Templates provided linking Bank Book and Cash Book to profit and loss account on Excel
  • Introduction to other daybooks- Sales Book and Purchases Book
  • 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)
    
    3 x hour workshop with 1-1 follow up call – up to 3 hours online to set up book keeping system and/or deal with issues raised in group session