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Practical Bookkeeping & VAT Training

1-2-1 Training, Fully Flexible, Training under Qualified Accountants


Professional Careers Training & Recruitment

Summary

Price
£299 inc VAT
Finance options

Flexible Instalment payment plans are available

Study method
Distance + live classes
Duration
4 weeks · Part-time or full-time
Qualification
No formal qualification
CPD
90 CPD hours / points
Additional info
  • Tutor is available to students
  • Job guarantee programme is included in this course

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Overview

In our Practical Accounting Training, we go beyond theoretical knowledge, focusing on practical applications that mirror the challenges faced in professional accounting roles. Our expert trainers guide through real-world scenarios, enabling to develop skills in financial statement analysis, budgeting, and financial reporting. Hands-on experience with industry-standard and, ensuring that not only understand the concepts but can also navigate the tools essential for modern accounting practices.

CPD

90 CPD hours / points
Accredited by The CPD Group

Description

Bookkeeping & VAT Training

  • Set up a supplier list.
  • Posting supplier invoices, credit notes and posting supplier payments.
  • Generating aged creditors reports
  • Modification and revision of supplier accounts and details
  • Checking supplier activity.
  • Set up a customer list.
  • Setting up Charts of accounts and creating nominal codes based on company needs.
  • Understanding nominal codes and nominal ledger
  • Customizing nominal ledger accounts.
  • Creation and main balance of credit notes, invoices and purchase order for clients.
  • Editing and updating client accounts information.
  • Tracking of client receipt and performance of aged debtor reports.
  • Checking customer accounts activities.
  • Entering & importing Banking/ Petty Transactions.
  • Allocating cash payment and receipt.
  • Allocating Bank payment and receipt
  • Performing Bank Reconciliation and petty cash reconciliation.

VAT Return Module

  • Learning advanced VAT concepts.
  • Generating VAT Return.
  • Understanding of VAT Calculation.
  • Understanding VAT Boxes.
  • Reconciliation of VAT Return.
  • VAT Return deadline and penalties.
  • How frequently we can submit our VAT Return?
  • Understanding of VAT Calculation.
  • Submission of VAT Return to HMRC.
  • Import and export VAT analysis.
  • Administration and record keeping of VAT.
  • Compliance with different VAT Scheme such as Standard/ cash/ Flat rate

Who is this course for?

1- Candidates who are having trouble finding permanent employment in accounting.

2- Candidates want to change their career path into accounting with no experience.

3-Experienced Candidate looking for an upskilling career in accounting.

4-Aspirant Chartered Accountants Looking to study AAT, ACA, IAB, ACCA, CIMA.

Requirements

There are no requirements, No prior experience is required. Instead, our online Bookkeeping course is suitable for beginners. Additionally, it's suitable for those with some background in Bookkeeping.

Career path

Sales Ledger Clerk, Purchase Ledger Clerk, Bookkeeper, Accounts Payable, Accounts Receivable, VAT Manager, Billing Clerk

Questions and answers

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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.