Advanced Level

• Fundamental Training
  Candidates will receive a hands-on training and will know how to perform the following tasks:

  Setting up companies

  Setting up a company either as a cash accounting scheme or a standard accounting scheme

  How and when to register for VAT

  Choosing the chart of accounts that suits the firm's needs and how to customize it

  How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes

  Setting up customers accounts

  Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup

  Processing suppliers invoices and credit notes

  Generate reports on invoices due, customer/supplier invoice activity

  Performing error corrections

  Allocating payments and receipts of cash in a business Allocating bank payments and receipts

  Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation

  Processing the VAT return and reconcile the VAT return Submitting the VAT return to HMRC

  Knowing how to deal with other VAT issues

  Performing Debtor Analysis Credit control procedures

  Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance

  Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software

  Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.

  Import and export VAT analysis

  Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel

  Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries

  Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements extract Bill of materials.

  Candidates will perform sales order processing, purchase order processing and stock reporting.

  Invoicing from stock and updating stock records

  The training is carefully structured to give candidates the practical skills to enable them prepare accounts from source documents to the VAT return, in the exactly same manner as it is required.from our staff in our accountancy practice. This is a very unique platform for candidates, as it links directly into placements and ultimately jobs. We pride ourselves on giving opportunities to those who have the determination and attitude to succeed at accountancy. We promise to inspire you and develop you on every step on the way, with regular feedback sessions and supporting services. Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.
• Intermediate Level
  In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC. In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

  Internal control procedures for tangible fixed assets and cash

  Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.

  Posting adjusting journal entries at month end such as Accruals,Prepayments,

  Depreciations, calculating depreciation using different methods VAT

  Intercompany transactions and reconciliations using a Computerised accounting package of your choice. Preparing closing entries

  Preparing the Final Trial Balance

  Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet

  Dealing with HMRC queries and small tax matters

  Summaries and analyses financial data and produce reports for management purposes

  Monthly, Quarterly Management Accounts Performing banks reconciliation

  Learning about VAT management

  Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

• Additional Contents of Advance Level Training
  In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC. In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

  Internal control procedures for tangible fixed assets and cash

  Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.

  Posting adjusting journal entries at month end such as Accruals,

  Prepayments,

  Depreciations, calculating depreciation using different methods VAT

  Intercompany transactions and reconciliations

  Using a Computerised accounting package of your choice. Preparing closing entries

  Preparing the Final Trial Balance

  Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet

  Dealing with HMRC queries and small tax matters

  Summaries and analyses financial data and produce reports for management purposes

  Monthly, Quarterly Management Accounts Performing banks reconciliation

  Learning about VAT management

  Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year

  This training package is everything you need to demonstrate your competency for the following roles:

  Finance manager Financial Accountant Management Accountant

  Accounts payable manager Credit controller

  Small business Performance Analyst

  Additional Content

  • SAGE CIS
    KBM TR is proud to present specialized courses in Construction Industrial Scheme. Be a part of professional network and make your CV stand out with quality training.

    Understanding what is Construction Industry Scheme

    How to register for CIS scheme Familiarization of the CIS rules and legislation

    Different types of CIS Sage CIS activation wizard

    Completing Company preferences Setting up default Nominal codes for CIS Setting up Subcontractors records Setting up CIS tabs

    Verify Subcontractors with different methods manually and with the use of Sage 50 CIS.

    Record work that has been completed by your subcontractors, including any materials used and tax deductions that apply.

    Entering Subcontractor Invoices/ credit notes

    Processing Subcontractor payments and deductions

    Generate your CIS monthly return

    Submitting your CIS monthly returns to HMRC

    Generate a monthly statement of tax deductions to give to your subcontractors.

    Generate your Subcontractor analysis report on monthly and Subcontractor basis

    Control who can view, create and change your subcontractor records with access Rights and passwords.

    Ensure you comply with CIS rules and minimize the possibility of incurring penalties from HM Revenue & Customs (HMRC).

    Store your records ready for an audit by HMRC.

    Sage CIS Contractor Returns

    Generating CIS Statements Update on CIS Rules

    Types of CIS

  • INCOME TAX - PART 1
    In order to equip candidates with the knowledge of income tax computation and tax planning we have developed our income tax courses, which will give candidates the necessary skills and understanding of this topic. By the end of the course with us you will learn the tax procedures as they should be applied in real life accountancy work. The training was developed in such way, that candidates will gradually perform more and more complicated calculations This makes the course suitable for anyone. This is a unique course which will in a few sessions cover the basics of UK income taxation. There will be plenty ofexercises with workings and explanations, and one to one support available too Income Tax Course Candidates have the opportunity to master a manual tax computation, candidates also have the opportunity to cover the following tasks:

    Understand the history of the tax year Tax return submission and dates Recognise non-taxable income Compute tax liability

    Understand income tax rates and apply allowances Identify the correct heading under

    which main sources of income are taxed. Grossing up of savings income and dividends

    Set out the structured table for computing income tax Calculate tax relief for charitable donations

    Compute taxable income

    Employment vs self-employment, case law

    National Insurance Contribution (NIC) computations – Primary Class 1 and 2, and class 1A

    PAYE codes and forms explained

    Benefits in kind principles (vouchers, cars, living accommodation, beneficial loans from employer) Tax-free employment benefits

    Allowable expenses for tax purposes: Trading income taxation Adjustments of trading profits Capital expenditure versus other expenditure National Insurance Contribution Class 2 and 4 Basis of assessment for trading income Opening year rules for trading income Calculation of overlap profits and ways to relieve it Trading losses optimum use

  • ADVANCED EXCEL TRAINING
    A comprehensive training course with up to date material to practice at home and during your class. We will also provide a step by step manual of all the tricks you can do using Excel spreadsheets to gain better management reporting and budgeting skills. Whether you're looking for a beginner, intermediate or advanced Excel training program, you won't be disappointed in the end result. You will learn valuable tips and tricks to improve your excel skills. Course contents:

    Summing Techniques

    IF, Cell References, Formula Linking,etc

    New Formulas of Excel 2007 Sumifs, Countifs, Iferror Database Formulas

    Subtotal (Formulae & Procedure) Tables

    Macros

    Look up References (Vlookup, Hlookup,etc) Data Validation

    Conditional Formatting Date & Time Formulas Charts & Graphs Protection & Security Goal Seek

    Groupings Pivot Table

    Pivot Table Charts Hyperlinks Scenario

    Hlook ups Vlookups

    Web workbooks Sharing Workbooks

GUARANTEED WORK PLACEMENT either in our accountancy practice or with our clients.

In-house recruitment facilities

Certification on completion provided by KBM Certified Chartered Accountants and Registered Auditors

Reference provided by KBM Certified Chartered Accountants and Registered Auditors

Counts towards your experience necessary for ACCA, AAT, FIA, CIMA, CIPFA or any other accountancy organisation's memberships

FREE complete preparation for the OCR qualification*

One to One CV Consultations and Mock Interview Sessions

Pre-interview screening tests, increasingly used by employers to select candidates

Interview Preparation

Job Hunting tips

Free Sage or QuickBooks software (Worth over £900)

Suitable for

Those who have no prior experience or qualification in accountancy

Candidates currently studying ACCA, AAT, FIA, CIMA, CIPFA or other accountancy and payroll qualifications but have no practical accountancy and payroll experience

Candidates with overseas accounting and payroll experience but not within the UK

Candidates new to Computerised accounting and payroll

Candidates new to accounting and payroll, looking forward to maintaining their own accounts and payroll records to reduce their costs