Overview
In recent years Cloud Based Technology has gained momentum in the Accounting Industry. Cloud Based Accounting Software takes away the need for the software to be installed on the computer, in fact any internet browser is enough for the application to run. Cloud based software provides Portability and Multi Access ability from any location that has internet and this ability has sky rocketed the use of Cloud based systems in the Accounting Industry.
It has enable Managers / Accountant to produce, manage and evaluate financial reports from anywhere around the globe. Now it is not necessary to physically present in the office premises to perform accounting task, everything is available online and you can access your accounting system from anywhere.
Xero is one of the leading Cloud Based Software and lot of small-medium enterprise are moving from traditional accounting systems to Xero. Our training course can provide you a best combination of implementing Xero accounting software in your business or day to day usability if you are working as bookkeeper or an accounts assistant.
AT Centre of Accountancy Careers & Training Ltd the course is conducted by Highly Trained and Qualified Accountants who have years of experience implementing Xero for various Business Organisations. Their advice is highly sought after in the Industry Sector.
AT CAC Training Ltd, Xero is taught over two Modules,
Module One covers more fundamental skills.
Module Two covers more advanced skills.
CONTENT
Module One
- Introduction to Xero software
- Account creation and basic navigation
- Learning basic bookkeeping concepts and application in the software
- Setting up the company and choose accounting period
- Understand chart of accounts, nominal code and nominal /general ledger
- Processing Purchase and sales invoicing
- Setting up Customer and supplier account
- Importing data
- Configuring Reports
- Processing cash payment and receipts
- Performing Bank & Petty Cash Reconciliations
- Compliance with different VAT Schemes
- Introduction to Making Tax Digital (MTD)
- Preparation, Reconciliation and HMRC Filing of VAT Return
Module Two
- Understating Control Accounts Adjustments and implication in the software
- Preparation of Year End Journals
- Posting Yearly Journal Entries
- Fixed Assets, Depreciation, Accruals, Prepayments Adjustments
- Balance Sheet adjustments such as Director Loans Account, Wages Control Account, VAT Control Accounts, PAYE Control Account, Cash and General Loans etc.
- Understating Suspense Accounts and Preparation of Bad Debt provision
- Fixed Asset Register
- Data mapping and exporting procedures
- Initial and Final Trial Balance preparation