Assistant Accountant Training

The Assistant Accountant training program is designed to equip you with the skills that you need to secure a job as an Assistant Accountant. Upon completion, you will have a good understanding of the financial process from purchase and sales Ledger to extended trial balance. You will be using various accounting software during the training e.g. Sage 50, QuickBooks and Excel. Course duration and price depends on the contents and number of software chosen by the candidate. If you choose one of our structured training programs, at the end you will be provided with a guaranteed work placement.

Assistant Accountant Training covers all the areas of Bookkeeping, VAT, Journals and Management Accounts up to the Final Trial Balance.

We are also a recruitment firm and we help each candidate in preparing a professional CV. We add work experience to the CV to boost employability. We arrange interviews with employers and prepare our candidates before each interview. We also provide references to potential employers to place our candidates in jobs. In 2023 we successfully placed more than 1600 candidates in accountancy jobs.

We are proud to announce that we have been awarded as Best Practical Accountancy Training Provider in Education and Training Awards 2023.

Bookkeeping, VAT & HMRC Reporting (Sage 50, QuickBooks and Xero)

• 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
• Setting up customers’ accounts and processing sales invoices
• Setting up suppliers' accounts and processing purchase invoices
• Generating customer/supplier invoice reports
• Generating customer/supplier statements
• Generating aged debtors and aged creditors reports
• Understanding CIS deductions and processing invoices containing CIS element
• Understanding reverse charge and processing invoices containing reverse charge element
• Identifying errors and performing error corrections
• Allocating cash payments and receipts
• Allocating bank payments and receipts
• 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
• 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

Accounts Assistant Practical Training (Sage 50, QuickBooks and Xero)

• Treatment of opening balances
• Foreign currency invoices
• Treatment of different types of discounts on invoices
• Reconciliation of debtors and creditors control accounts
• Generating aged debtors and aged creditors reports for credit control purposes
• Reconciliation of VAT, PAYE and Wage control accounts
• Posting month-end adjustments and journals
• Understanding accruals and processing the journal entry
• Understanding prepayments and processing the journal entry
• Maintaining the fixed asset register of the organisation
• Writing off fixed assets
• Calculating depreciation using different methods
• Understanding gains and losses on disposals of assets
• Suspense account reconciliation
• Director’s loan account
• Loan amortisation account
• Treatment of dividends
• Preparing VAT using Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, Marginal VAT Scheme
• Preparing closing entries
• Preparing the Final Trial Balance
• Monthly management accounts
• Running the year end procedures in Sage 50 Accounts to close the financial year and start a new financial year

Payroll Processing and HMRC Reporting (Sage Payroll 50)

• 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

Advanced Excel Training (Free with the structured program of 5 Software)

• Summing Techniques
• IF, Cell References, Formula Linking etc
• New Formulas of Excel 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
• H-Look ups
• V-Lookups
• Web workbooks
• Sharing Workbooks

We help all of our trainees in preparing professional CVs and job interviews and we Guarantee Work Placement with all of our structured office training programs.

WHY KBM?

• ACCA Approved employer at Gold level
• AAT Approved training provider with the highest standards
• Firm of Chartered Certified Accountants & Registered Auditors
• Authorised and Regulated by the Financial Conduct Authority (FCA)
• Practical Accountancy Training Endorsed by the Institute of Financial Accountants
• 1 - 1 Training sessions with Qualified Accountants
• Training on Sage 50, QuickBooks, Excel and Xero
• 100% Practical training on real company files
• 100% Flexible - You choose a day & time of your own choice
• Multiple locations – Park Royal, Barking, Croydon, Birmingham
• Regular performance reviews and job market awareness sessions
• Professional CV and Interview Preparation
• Sage 50, Sage Payroll, QuickBooks, Excel and Xero certification preparation
• Guaranteed Work Placement and reference to employers
• Support with PER for ACCA / AAT / CIMA
• At the end of the Practical Accountancy Training program, you will be provided a guaranteed work placement (with office-based courses).

We have carefully designed the Accounts Assistant Training program to cover all the job descriptions of Accounts Assistant positions.

Note: Work Placement is offered with our office-based courses only

Assistant Accountant Training program is ideal for

• Those who have no prior experience or qualification in accountancy
• Candidates currently studying ACCA, AAT, CIMA or other accountancy qualifications but have no practical accountancy and payroll experience
• Candidates with overseas accounting experience but not within the UK
• Candidates new to Computerised accounting

Assistant Accountant Training has no prerequisites but the candidate must be a keen and quick learner.

After completing Assistant Accountant Training you can apply for jobs such as Accounts Assistant. Accounts Receivables, Accounts Payable and Credit Controller.

Certificate of completion

Digital certificate - Included