Bookkeeping And Payroll Training

Bookkeeping and Payroll training is an ideal program for anyone looking to start a fresh career in Accountancy sector. We at KBM Training & Recruitment, are constantly working hard to help candidates achieve the best quality training in accountancy along with one of the best recruitment facility in the market.

Over the past 30 years, we have helped thousands of candidates in getting the practical skills and secure the jobs in accountant sector.

Final Accounts Training duration: 12 months (416 hours).

Bookkeeping is the process of to the organising and recording financial documents such as Invoices, Credit Notes, maintaining ledgers and performing Bank Reconciliation. Bookkeeping is the first basic step of the accounting process and with proper bookkeeping, you are able to know how much progress the business has made over time. AAT Level 2 Certificate in Bookkeeping is included FREE in this training program.

Overview

  • Customer accounts and Sales Ledger
  • Supplier accounts and Purchase Ledger
  • Invoices, Credit Notes, Remittances
  • Payments, Receipts and Bank Reconciliation
  • VAT Preparation and Submission to HMRC

Software covered

  • Sage 50 Accounts
  • QuickBooks
  • Excel
  • Sage 50 Payroll
  • Xero

Contents of Bookkeeping and VAT (Sage 50, QuickBooks, Xero and Excel)

  • Setting up companies using various VAT schemes, i.e Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, Marginal VAT Scheme
  • Choosing the chart of accounts that suits the firm's needs and its customisation
  • Understanding how double entry is applied in accounting software and how to customise the nominal ledger and nominal codes
  • Maintaining sales and purchase ledgers of organisation
  • Setting up customers’ accounts
  • Process customers invoices and credit notes
  • Setting up suppliers accounts
  • Processing suppliers invoices and credit notes
  • Generating reports customer/supplier invoices, statements and reconciling them
  • Generating aged debtors and aged creditors reports for credit control purposes
  • Understanding CIS deductions and processing invoice containing CIS element
  • Understanding reverse charge and processing invoice containing reverse charge element
  • Identifying errors and performing error corrections
  • Allocating cash payments and receipts
  • Allocating bank payments and receipts
  • Allocating supplier payments and customer receipts against right invoices
  • Performing bank reconciliation / petty cash reconciliation
  • Calculating VAT for businesses with mixed zero-rated and standard-rated sales combining Sage and Excel
  • Preparing the VAT return,
  • Reconciling the VAT return,
  • Submitting the VAT return to HMRC
  • Dealing with HMRC queries
  • VAT registration and deregistration process
  • Understanding VAT period and Tax point
  • Dealing with Imports, Exports and Acquisitions
  • Working out VAT fuel scale charge
  • Rules regarding Cash VAT and Flat Rate VAT scheme
  • Deeper understanding of Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, Marginal VAT Scheme and VAT Retail Scheme
  • VAT deadlines and penalties

Contents of Payroll and HMRC Reports (Sage Payroll 50 / Brightpay)

  • Program and payroll basics
  • Backing up and restoring data
  • Company settings
  • Understanding UK legislation relating to Payroll
  • Registering as an employer
  • Understanding Pay as you earn (PAYE) system
  • NIC classes and rate
  • Income tax bands and rates
  • Adding employees into payroll software
  • Creating pay elements
  • Understanding year to date values
  • Processing payments for employees
  • Generating payslips
  • Generating pre-update reports
  • Departments and employee analysis
  • Calculating and processing statutory payments
  • Calculating and paying statutory sick pay (SSP)
  • Calculating and paying statutory maternity pay (SMP)
  • Calculating and paying statutory paternity pay (SPP)
  • Recording absences
  • Updating the payroll records with leavers and joiners
  • Payment by BACS
  • Yearend procedures
  • Printing and Issuing pay slips to employees
  • Real time information (RTI) reports
  • Full payment submission (FPS)
  • Employer payment summary (EPS)
  • Submitting PAYE to HMRC
  • Issuing P45 to employees when they leave
  • Issuing P60’s to employees at the end of each tax year

WHY KBM?

  • Matrix approved training with highest standards
  • Authorised and Regulated by Financial Conduct Authority – FCA
  • Firm of Chartered Certified Accountants & Registered Auditors
  • 1 – 1 training sessions in our Accountancy firm with Qualified Accountants
  • Licensed software installed on your laptop
  • Approved by AAT, Oxford Cambridge and RSA
  • 100% Practical training on real company documents
  • 100% Flexible – You choose day, time and location of your own choice
  • Multiple locations – Park Royal, Canary Wharf, Barking, Elephant & Castle, Birmingham
  • Regular performance reviews to identify learning gaps
  • Job market awareness sessions
  • Professional CV and Interview preparation
  • Guaranteed Work Placement
  • Reference to employers
  • Complete PER for ACCA / AAT / CIMA