Small Business Accounts

Venue:
Online. Login details will be forwarded.
 
Date:
20/01/2022
 
Note:
20th January 2022
 
Time:
6.30pm to 9.30pm
 
Category:
Workshop
 

The aim of the course is to give the participants confidence in working with their business’s books and records, and the knowledge needed to keep proper books of account and to deal with Revenue obligations.

This event is no longer available
 

Course Description

This course is designed as a workshop with opportunities to participate and contribute. 

It will give participants an understanding of small business accounts, especially allowance expenses, the Profit and Loss Account and Balance Sheet and their impact on the business, it’s future and the business’s income taxes.

Course Content

  • Keeping and recording financial records – ‘The Books’
  • Allowable expenses
  • Assets, Liabilities, Income, Cost of Sales and Expenses
  • Bank Reconciliation
  • Debtors & Creditors
  • The Profit and Loss Account and Balance Sheet

Course Objectives

  • To explain and demonstrate the books and records that must be kept by business owners and in what format
  • To teach and explain which expenses are allowed to be claimed by businesses and those that are disallowed
  • To demonstrate and practice how to reconcile the bank account
  • To explain the Profit and Loss account and Balance Sheet and how the Books update these
  • To explain the difference between cash and profit and show participants an example of a cash flow statement and a forecast.

Training Delivery

  • Power Point, Excel and Screen-sharing (online).
  • User-friendly case-study used as the training tool.
  • Practical exercises for participants.
  • Interactive learning.
  • All participants will receive a set of detailed notes/ slides at the start of the class.

Trainer

Sarah McGuinness from SMAccounting Solutions