Bookkeeping

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

Legal Bookkeeping

You Will Be Required To:

Understand Professional and Consumer regulation and what each authority represents.
Understand the legal profession and how the "legal accounts department" operates.
Understand the legal accounts process - New Matter Forms and looking after client funds.
Understand the implications of what client money is, and how to handle it.
Manage the holding of funds outside of the client account, recording receipts and transfers to and from deposit.
Manage transfers between client ledgers.
Account for interest and commission.
Manage payments from the client account; reconcile the client bank account, handle residual balances.
Handle mistakes and other issues
Identify the difference between "Office Account" and "Client Account".
Identify "Office Money".
Record transactions.
Understand how to deal with "Mixed Money".
Understand disbursements.
Client invoicing.
Post Petty Cash.
Deal with VAT, including VAT Bad Debt Relief.
Post Credit Notes, Write offs and Bad Debts.
Prepare for the Accountants Report.
Post receipts from the Legal Services Commission.
Keep accounting records for clients’ accounts.
Understand the need for compliance with the "Solicitors Account Rules".
Handle monitoring and investigation by the Solicitors' Regulation Authority.
Prepare the Profit and Loss Account and Balance Sheet

QuickBooks

FUNDAMENTAL LEVEL 3 MONTHS

Additional Contents of Fundamental Level 3 Months After completing the 1 month Bookkeeping & Payroll Training candidates can gain higher level skills in the Fundamental level training.
Candidates have the opportunity to master a Computerised bookkeeping and payroll package of their choice from Sage, Sage Payroll, QuickBooks, IRIS, TAS or VT.
In addition to tasks completed in 1 month training, candidates have the opportunity to cover the following in Fundamental level training

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.

Note: Our training is not broken down into any modules, we will train you from basic source data up until the VAT reconciliation, saving you hundreds of £££.Also the training is fully flexible and will suit even people with the busiest schedule. We also offer other training and courses to fill in the gaps in your knowledge. Contact us for a free one to one consultation for advice on the best training to suit your specific needs. 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. Optional Module You can choose 1 Additional Module from 10 options. Please see page number 00 for complete list.

Benefits of Practical Training

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)
Each training session has a few candidates delivered in a friendly and relaxing environment, which gives candidates the opportunity to ask questions and raise issues freely. You can be assured that you will receive one to one individual attention from our team. Suitable for The 3 Months Fundamental level is ideal 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