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

CONTENT

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 as per UK Regulations. 
  • Setting up chart of accounts based on the organisational needs
  • Understanding nominal code and nominal /general ledger
  • Customising the nominal /general 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 Construction Industry Scheme (CIS) deduction and calculations
  • Domestic Reverse Charge in the Construction Industry 
  • Dealing with cash payments and receipts
  • Dealing with Bank payments & Bank Receipts 
  • Performing Bank & Petty Cash Reconciliations 
  • Dealing with VAT Reverse Charges and VAT implications
  • Understanding general VAT Principles
  • Introduction to Making Tax Digital (MTD) 
  • Compliance with different VAT Schemes such as Standard VAT Scheme, Cash VAT Scheme, Flat Rate Scheme, Marginal VAT Scheme, Retail Industry Scheme. 
  • Preparation, Reconciliation and HMRC Filing of VAT Return
  • Administration and Record Keeping regarding VAT return
  • European Community VAT Implications 
  • Foreign VAT Implications regarding Imports and exports 

Payroll

Software: BrightPay

  • Understanding Cyclical Payroll Run Procedure. (Monthly, Weekly)
  • Setting up Salary Sacrifice Schemes 
  • Setting up Holiday year in the software. 
  • Setting up Pensions and Automatic Enrolment
  • Setting up new starters and compliance with new starter checklist 
  • Understanding different Tax codes
  • Ascertaining monthly gross pay, assuring the correct apportionment into PAYE, National Insurance and Pension elements as per HMRC regulations.
  • Processing different types of payments e.g. (Commissions, Bonuses) 
  • Processing different types of Payment Streams (Monthly, Weekly, Hourly)
  • Timesheet Record Keeping. 
  • Calculating and understating Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP).  
  • Processing of various types of deductions such as Payroll giving, Student Loans, Child Care Vouchers etc.    
  • Processing leaving employees and ensuring all leaver procedures are adhered to. 
  • Filing / Submission Compliance RTI Documentation (Payslips FPS, EPS, P32 etc.)
  • Compliance with “Year End Procedures”. (Declarations and submissions)

Control Accounts & Year End Adjustments 

  • Understanding the Control Accounts Adjustments
  • Preparation of Year End Journals from source documents 
  • Posting Yearly Journal Entries.
  • Fixed Assets, Depreciation, Accruals, Prepayments Adjustments. 
  • Reconciliation of Debtors & Creditors Control Accounts  with the Subsidiary Ledgers (Sales Ledger and Purchases Ledgers
  • Cost of Sales and Stock Adjustments and Reconciliation  
  • Reconciling Balance Sheet Adjustments such as Wages Control Account, PAYE Control Account, VAT Control Accounts, Director Loans Account, Cash and General Loans etc.
  • Reconciliation and Clearing of the Suspense Accounts 
  • Preparation of Bad Debt provision
  • Dividends Provision 
  • Maintaining Fixed Asset Register    
  • Documenting Changes to the Fixed Asset Register e.g. Disposals, Additions and Depreciations and Accumulated Depreciation. 
  • Data mapping and exporting procedures 
  • Preparation of Initial Trial Balance
  • Preparation of Financial Statements from the Final Trial Balance.
  • Running the year end procedures in Sage 50 Accounts to close the financial year and start a new financial year
  • CIS Schemes preparing necessary documentation, verification of subcontractors, subcontractor statements, CIS Returns and submission to HMRC, Managing Sub-Contractors Liabilities.

Management Reports

  • Quarterly Management Accounts 
  • Quarterly performance report (Profit & Loss) 
  • Quarterly Position Reports  (Balance Sheet) 
  • Performance of Ratio Analysis
  • Report Writing Skills 
  • Quarterly Journals Posting 
  • Quarterly Management Pack 

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
SOFTWARES

YOU WILL LEARN

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