Looking for confidence in working with your business’s books and records, and the knowledge needed to keep proper books of account and to deal with Revenue obligations?

Content:

• Self Assessment system explained – income tax compliance obligations
• Record keeping obligations – receipts, invoices
• Using technology to keep records, photos, apps
• Review deductible expenses
• Tax dates- preliminary tax, tax returns – Form 11
• Contact numbers/websites/apps for support
• Dealing with an Accountant
• Prepare Daybooks and day to day bookkeeping
• Basic bookkeeping and accounts terminology explained
• Practical application of Bank Receipts Book & Bank Payments Book (Bank Book)
• Reconciling to bank statements
• Templates provided linking to profit and loss account on Excel
• Sales book – demonstration, introduction 
• Purchases book - demonstration, introduction 
• Petty Cash Book or equivalent -demonstration, introduction 
• Setting up daybooks above to ensure useful information available for tax returns and financial management 
• Controls to ensure accuracy
• Manual v. Excel v. Computer packages Different types of accounting packages
• Using Revenue On-line System(ROS) and registering on ROS
• Producing profit and loss , balance sheet from books
• Introduction to VAT and bookkeeping for VAT 

This course will be delivered by Bernadette Farrell of Ace Training