Programme Objectives:

• Understand bookkeeping terminology
• Be able to create a manual bookkeeping system
• Be able to record bookkeeping transactions
• Acquire a basic understanding of the profit & loss account and balance sheet
• Understand VAT computations and the VAT 3 form
• Payroll and the PAYE system

 Outline Syllabus:

Session 1:

• Introduction to Bookkeeping and Bookkeeping Systems
• Terminology
• Books & Ledgers
• Sales & Debtors
• Cash Receipts
• Filing
• Questions & Answers

Session 2:

• Suppliers
• Purchase Ordering
• Supplier Invoices & Statements
• Supplier Payments
• Stocks & Stock Records
• Questions & Answers

Session 3:

• Bank Accounts
• Payments and Receipts
• Bank Reconciliations
• Petty Cash Systems
• Profit & Loss Accounts, Balance Sheets
• Questions & Answers

Session 4:

• Fundamentals of the PAYE System
• Registering for PAYE
• PAYE Calculations
• RPN & PSR
• Universal Social Charge
• Questions & Answers

Session 5:

• Fundamentals of the VAT System
• Registering for VAT
• VAT Calculations
• Forms VAT 3, End of year trading form etc
• Imports/Exports
• Questions & Answers