Bookkeeping, VAT Returns & Payroll Training Course in UK

Overview

Bookkeeping and Data Entry are basic requirements for all organisations, since these need to be fed into Obligatory Compliance by Regulatory Bodies such as HMRC and Companies House. This obligation for Compliance creates an opportunity in the job market for candidates looking to advance their careers in Bookkeeping & Accounting.

If you are looking for basic accountancy position or new to this industry than bookkeeping and payroll training course is suitable for you. In this entry level program you will be dealing with financial transactions and posting of information to accounting software. It includes ledger maintenance, purchase ledger, sales ledger, processing of customer / supplier invoices and cash receipts, bank reconciliation and payments BACS and VAT Returns to HMRC (HM Revenue & Customs). In the payroll you will be focusing on all the administrative activities related to employee payroll such as processing of pay slips, P45, P60, National Insurance contribution and RTI reports etc.

The program is delivered by Qualified Chartered Accountants 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 (Bookkeeper, Accounts Executive) and actually perform the role using the Accounting Software. The Role play ensures that the student is Job Ready after completing the training program

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WHO IS IT FOR

Anyone who is

New to accounting
Have qualification but lack practical skills
Foreign experience 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

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