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Do Your Own Accounts


Udemy

Summary

Price
£23 inc VAT
Study method
Online
Duration
Self-paced
Qualification
No formal qualification

Overview

Use an excel spreadsheet to do your own bookkeeping and save yourself time, money and stress

Description

This course is for the self-employed, busy, business owner/manager who is looking for a simple, easy way to do their bookkeeping using an excel spreadsheet. Likewise, it is ideal for the bookkeeper who is looking for a simple way to do their clients accounts.

With the course you get a reusable template excel spreadsheet which acts as a cashbook, as well as prepares a profit and loss for you – which will help you to submit your self assessment tax return (UK filing) – and its also (due to complying with international accounting standards) suitable globally, for providing a profit and loss account.

The course looks at a fictitious company and it takes two months worth of bank statements. We use this information and enter it into the cashbook, which then provides the basis for the accounts. The accounts are populated automatically on the spreadsheet, based on the figures typed into the cashbook.

The template excel cashbook is included, and you download the fictitious company bank statements. In real life, you’d simply use your own bank statements to fill in the cashbook.

The course will take approx 90 minutes to complete. With the course tutor, you enter month 1 together, then you have a go at month 2 by yourself, and then watch the lecture to see if you got month 2 correct. We then go a step further by looking at some accounting concepts, and the physical aspects of keeping accounting records.

It’s an ideal course if you just want a simple, but very effective many to manage your small business bookkeeping using an excel spreadsheet. No accounting knowledge is needed or presumed. You can use this template to do your own accounts, and then send it to your accountant. With the accounts now in a much better shape, you should ask for a reduction in accountancy fees, so their course should save you time and money.

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.