iris Taxfiler Training in UK

Overview

Accounts Preparation is a statutory obligation on all Corporations and is part of the Year-End Processes, the sole purpose of which is to ensure that the Financial Statements (Profit & Loss, Balance Sheet and possibly others) are Reported to the Financial Authorities namely (Companies House & HMRC) as per the relevant Financial Standards such as (Financial Reporting Standards FRS102, FRS105 IFRS). Companies House and HMRC allows the use of commercial software to be used for this purpose.

Taxfiler (By IRIS) is a popular commercial software and is used extensively by Accounting Practices for the purposes of client management and Finalisation Process.

IRIS has been serving the UK market for the last 40 years and have been providing software solutions to multitude of industries with bespoke and generic solutions. IRIS has won several industry awards along its way and are one of the market leading accountancy and taxation software providers.

The solutions provided by Taxfiler (By IRIS) includes the following, prepare & customise Monthly Management and Statutory Year-End Accounts for Sole Traders, Partnerships, Limited Companies, Micro-Entities, Groups, Limited Liability Partnerships, Charities, Pensions & Farms.

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WHO IS IT FOR

Taxfiler (By IRIS) is aimed at Accountants, Aspiring Accountants and students who are studying towards (ACCA Finalists), ACA, CIMA, AAT Level 4 and FIA etc. Self Employed Accounting Practitioners looking to have a small portfolio of Accounting clients.

CONTENT

Initial Trail Balance and completing the final control accounts on Taxfiler(IRIS).
Posting client and initial trail balance on Taxfiler(IRIS)
Navigating your way around the Taxfiler(IRIS)
Creating a client and amending the client database
Posting of client’s data, including current year and comparative data
Working paper reports including lead schedules, trial balance, general ledger and audit trail
Working efficiently with documents and posting of data, including “Copy Document”
Entering “Disclosure data”; As per FRS 102 and other relevant standards
Working with Reporting Options
Report Pad formatting – producing enhanced notes and reports
Producing draft and final financial statements
Completing and understanding the compliance as per company’s house
Year-end process
Making Abbreviated accounts of the company
Finalizing the accounts and making the final file of the company for partner review
Learning how to do filing and making indexes of the company final accounts file