BASIC BOOKKEEPING - TAX - MANAGING FINANCES via ZOOM 

FOR COUNTY ROSCOMMON BUSINESSES ONLY

NOTE: In order to participate on Remote Training, you must have access to reliable Wifi, have a microphone & camera on your laptop/tablet. Having both your camera and microphone on facilitates an interactive workshop, thereby enhancing learning and making for a more enjoyable and worthwhile experience.

Dates: Tuesdays: February 7th, 14th, 21st & 28th - 2023

Time: 2pm to 5pm each day

Course Aim:

The aim of this 4-session course is to cover several areas essential for record keeping and completing a VAT return for a small business or start-up together with an in-depth understanding of basic accounting principles and an overview of the Revenue Online system (ROS).

The course covers important topics such as debtors and creditors, bank reconciliation, expenses, assets and liabilities, and profit and loss accounts. accounts and balance sheets. The participant should leave with a better understanding of record keeping and VAT returns for their business as well as understanding the tax system.

Audience: Start-ups, new business, and SME clients

Session 1

Monthly personal living expenses vs monthly costs of running a business

Calculating the true cost of employing someone

Quotations

Registering for tax – how to register for tax

Bookkeeping for a small business introduction – sales, purchases, cash, cheques, wages

Pre-trading expenses

Session 2

Budgeting for tax

Monthly income tax calculation – to make provision for tax bill

Filing system for the business

Preparing a VAT return

Most common types of Finance

Session 3

The Central Credit Register – how it works

Applying for credit

Trading Profit & Loss Statements

When a business runs into trouble – how to manage it

Preparing for a revenue audit

Session 4

Monthly income and outgoings

Price for profit

Essential financial information

Essential In-house systems

Essential sales information

Credit control

Business risks

Pricing work

Invoicing

The Basic Bookkeeping and taxation programme is delivered through practical and interactive training. Participation and discussion are always encouraged by the Trainer and there are regular Q&A sessions on various topics.

Delivered by: Padraig Considine, Professional Accounting Solutions 

Trainer will provide login/password before course commences.