Assistant Accountant
Overview
Assistant Accountant is an important position in any Accounts Department whether In-house Accounts Department or Accounting Practise. Assistant Accountant plays an important role as liaison between Bookkeeper and Accountant.
The role of the Assistant Accountant can include Bookkeeping but predominantly involves advance issues such as Control Account Adjustments and Year End Journals entries, issues pertaining to Trail Balance, Advanced Reconciliations and Management Reporting based on the requirements of Financial Standards such as IFRS and FRS 102, FRS 105.
Candidates who are planning to upgrade their skills from Bookkeeping and looking to move higher up the hierarchy to a Semi Senior Position or Assistant Accountant Position, this program is ideal for them.
This program is delivered by Qualified Chartered Accountant that have years of experience in the industry. The approach we take to train our students is Role Play/ Hands on Practical Training. The Role Play means that the student would assume the role of (Semi Senior Accountant, Accounts Assistant) and actually perform the role using the Accounting Software. The Role play ensures that the student is Job Ready after completing the training program.
WHO IS IT FOR
Anyone who is
- Have some practical experience in basic accounting
- Have qualification but lack practical skills
- Or experience from abroad but lack UK based skills and experience
Why CAC Training
- Practical Accountancy Training & Work Experience
- Office based Personalise training sessions with industry professionals
- Recognised certification
- Flexible timing, you can make your own time table. Open 6 Days a Week
- Professional Experience and reference from reputed organisation
- Recruitment services i.e. CV, interviews and complete job hunting support
- Software support and installation
- ACCA/AAT PER support
CONTENTS
Bookkeeping & VAT Returns
Software: Sage 50 Accounts, Xero, QuickBooks, Excel
- Understanding overall purpose of bookkeeping
- Learning basic bookkeeping concepts such as debits, credits etc.
- Purpose of bookkeeping and what are the best practices in the work place as a bookkeeper
- Understand and maintaining purchase/sales ledger
- Setting up company on accounting software (Sage 50 Accounts, Xero, QuickBooks etc.)
- Update and choose the accounting period for the organisation based on global accounting practices
- Setting up chart of accounts based on the organisational needs
- Understanding nominal code and nominal ledger
- Customising the nominal Ledger
- Setting up Customer account in the accounting systems
- Generate and process customer invoices and credit notes
- Setting up Supplier account in the accounting systems
- Generate and process supplier invoices and credit notes
- Preparing reports for supplier / customer invoices
- Preparing aged debtors and aged creditors reports
- Understanding CIS deduction and calculations
- Dealing with cash payments and receipts
- Dealing with Bank payments, reconciliations and petty cash
- Dealing with Reverse Charge and implication on VAT returns
- Understanding VAT Principles
- Analysis of different VAT Scheme cash rate, flat rate and standard
- Preparing VAT
- Reconciliation of VAT
- Completing a VAT return
- Import and Export VAT analysis
- Submission Steps of VAT Return to HMRC
- Introduction to Making Tax Digital (VAT) scheme
Payroll
Software: BrightPay
- Ascertaining gross pay, classifying taxable and NICable pay elements, calculating pay apportionments correctly
- Processing deductions and incorporate voluntary deductions and student loan payments into payroll systems
- Calculating National Insurance Contributions and PAYE
- Identifying different tax codes
- Calculating income tax
- Administering starters and leavers correctly, completing forms P45 and New Starter checklist correctly
- Issuing P60 forms
- Pensions and automatic enrolment
Overview of HMRC’s compliance role with statutory payments
- Outlining the arbitration route with statutory payment decisions
- Calculating and understating Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP), Shared Parental Pay (ShPP), Statutory Parental Bereavement Pay (SPBP)
- Processing payment and generating payslips
- Submitting RTI reports to HMRC
DURATION
Flexible timing
- Full time / Part time
Mode of Study
- In office or Online
Duration
- 2 month to 6 Months (depend on the course)
Cost
- Please contact us for the quotation
FUTURE
Suitable Jobs
After course completion you can get a job as a- Accounts Assistant
- Finance Assistant
- Credit control
- Accounts Receivable
- Accounts Payable etc
Benefits
- Practical Training with ACCA qualified Accountant
- Certifications
- Work Experience
- Complete Recruitment Support
Recruitment Support
Once you finish your training, you will be provided with complete recruitment support which includes.- Work Experience
- CV preparation
- Job Search for the candidate
- Interview Preparation
- Reference
YOU WILL LEARN
