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Accounting for Small Business

 

This four-week practical course is designed specifically for small business owners, entrepreneurs, and anyone responsible for managing business finances. Using Sage Accounts, participants will gain hands-on experience with day-to-day bookkeeping tasks, understand key financial reports, and explore the basics of tax and VAT compliance. The course includes a free one-month Sage license so students can practice what they learn in real time. By the end of the course, participants will be confident in using Sage to manage customers, suppliers, cash flow, and prepare for income tax returns.

 

 

 

Week 1: Introduction to Accounting and Sage Accounts Basics

 

Overview of small business accounting principles

Introduction to Sage Accounts using the trainer’s license

Setting up a company profile in Sage

Managing customers and suppliers: data entry, invoicing, and payments

 

 

Week 2: Hands-On Bookkeeping with Sage

 

Students activate their free one-month Sage license

Practical exercises in managing customers and suppliers

Recording daily transactions (sales, purchases, receipts, payments)

Introduction to bank reconciliation and correcting entries

 

 

Week 3: Financial Reporting – Profit & Loss and Trial Balance

 

Generating Profit and Loss statements using Sage

Understanding the Trial Balance and its importance

Linking financial reports to income tax obligations

Identifying common errors and checking for accuracy in reports

 

 

Week 4: Cash Flow, VAT, and Preparing for Tax

 

Managing and forecasting cash flow using Sage

Introduction to VAT: setup, rates, and reporting

Preparing for Income Tax submissions

Final Q&A and course wrap-up: best practices and next steps

EVERYONE WHO COMPLETES THE COURSE WILL BE ELIGILBLE TO GET ONE YEARS BASIC SAGE SUBSCRIPTION COST COVERED BY THE LEO