Course Resources:

• Guide to Effective Online Learning
• Sage Software for the duration of the course and 8 weeks thereafter.
• Bookkeeping Manual with up to date legislation, VAT and worked examples.
• Tutor to camera recorded examples of manual and computerised material.
• Case studies using true to life scenarios for participants to practice.
• Business resource section including business guides and useful information

Course Content:

EFFECTIVE LEARNING GUIDE

UNDERPINNING KNOWLEDGE      

• Professional Ethics            
• Basic Business Structures
• Different Reporting Systems         
• Financial Accounting versus Management Accounting          
• Relevant Contract Tax      1
• Basic Business Concepts and Principles      
• Legislation Relevant to Bookkeepers          
• Data Protection Act and the General Data Protection Regulations (GDPR)
• Anti-Money Laundering   
• Health and Safety in the Workplace
• The Importance of the Chart of Accounts (COA)
• Basic Principles Involved In Double Entry Bookkeeping
• The Accounting Equation
• The Value of Capital          
• The Basics of Double Entry Bookkeeping   
• The Importance of IT Systems and Security
• What is Fintech?
• Cyber Fraud and Cyber Attack       
• Methods of Payments and Receipts             
• Security relating to bank payments              
• Key Terms that Link together        
• Test Your Knowledge

PREPARATION OF BUSINESS DOCUMENTS               

• The Flow of Documents in a Purchase Transaction  
• Identifying and Resolving Discrepancies     
• Authorisation and Payment           
• Preparing Statements for Customers/Debtors          
• Filing Sale and Purchase Documents           
• Coding Invoices and Credit notes 
• Preparing Invoices and Credit Notes            
• Preparation of Invoices   
• Calculation of Trade Discount        
• Test Your Knowledge      

ACCOUNTING FOR VALUE ADDED TAX (VAT)

• VAT Registration
• VAT Rates
• Calculating the VAT element of the price charged
• Calculating VAT Liability
• VAT 3
• Filling in a VAT 3 Form      
• Sample VAT 3 Calculations              
• Irish VAT and International Trade AKA Cross Border Trade   
• Test Your Knowledge       

ENTERING TRANSACTIONS IN DOUBLE ENTRY SYSTEMS     

• Buying and Selling On credit          
• Entering Credit Purchases and Sales in your Bookkeeping System.     
• Recording Credit Sales and Purchases in Day Books
• Posting to Nominal Ledgers           
• Posting Credit Transactions to the Debtors Ledger and Creditors Ledger         
• Entering Cash Receipts and Payments on your Bookkeeping System.
• Posting Cash Transactions to Nominal Ledgers        
• Posting Cash Transactions to the Debtors Ledger and Creditors Ledger           
• Petty Cash Transactions  
• Posting to the Nominal Ledgers from the Petty Cash Book   
• Journals
• Entering Transactions from the Journal to Nominal Accounts              
• Balancing Nominal Accounts and Extracting a Trial Balance  
• Test Your Knowledge      

FURTHER BOOKKEEPING PROCEDURES    

• The Suspense Account    
• Bank Reconciliation          
• Bank Reconciliation Procedure     
• Reconciling Creditor and Debtor Accounts
• Dealing with Errors           
• Dealing with Bad Debt     
• Test Your Knowledge

COMPUTERISED ACCOUNTING USING SAGE

• Application of all the above using Sage 50