Finance Assistant / Accounts Assistant Practical Training

We offer high-quality Practical Accountancy Training under the supervision of qualified accountants. As a Chartered Certified Accountants firm, we can train you in Bookkeeping, Payroll, VAT Returns, Management Accounts, Final Accounts Preparation, Tax Returns, and Auditing.

The Finance Assistant training program is designed to equip you with the skills that you need to secure a job as a Finance Assistant / Finance Officer. 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. Finance Assistant Training duration and price depends on the contents and number of software chosen by the candidate.

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.

The price advertised is Per Software and applicable if you purchase the whole course of 5 software

1. Train now-Pay later options available (Applicable on the full program)
2. Flexible Payment Options Available (Applicable on the full program)

Discounted offer depends on course content, delivery method, and number of software covered

Discount is only applicable when bought as a full bundle of 5 software, Sage 50, QuickBooks, Excel, Xero, and Sage Payroll.

Certificate of completion

Hard copy certificate - Included

Official Sage, QuickBooks and Xero Certifications

Digital certificate - Included

We have carefully designed our training programs in line with Accountancy Jobs. We are proud to be ACCA partners at Gold Level which ensures that the training standards are very high. Being official partners with Sage, QuickBooks and Xero, we will support you in obtaining official certifications. Our strong links with the top employers makes it easier for us to place our candidates into Jobs straight after the training. In 2023 we successfully placed more than 1600 candidates in accountancy jobs. You could be the next one.

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 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
• 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 Wages control accounts
• Posting month end adjustments and journals
• Understanding accruals and processing the journal entry
• Understanding prepayments and processing the journal entry
• Maintaining 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

Finance/ Accounts Assistant Training is suitable 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

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

After completing Finance/ Accounts Assistant Training you can apply for jobs such as

Finance Assistant,

Finance Officer

Accounts Payable / Receivables

Credit Controller

Accounts Assistant