Bookkeeping and Payroll training is an ideal programme for anyone looking to start a fresh career in the Accountancy sector. We at KBM Training & Recruitment, are constantly working hard to help candidates achieve the best quality trainin
Bookkeeping and Payroll training is an ideal programme for anyone looking to start a fresh career in the Accountancy sector. We at KBM Training & Recruitment, are constantly working hard to help candidates achieve the best quality training in accountancy coupled with one of the best recruitment facility in the market.
Over the past 30 years, we have helped thousands of candidates in getting the practical skills and secure the jobs in accountant sector.
Bookkeeping and Payroll Training duration: 3 months (106 hours).
Bookkeeping is the process of organising and recording financial documents such as Invoices, Credit Notes, Maintaining Ledgers and Performing Bank Reconciliation. Bookkeeping is the basic step of the accounting process and with proper bookkeeping, you are capable to know how much progress the business has made over time.
Overview
Customer accounts and Sales Ledger
Supplier accounts and Purchase Ledger
Invoices, Credit Notes, Remittances
Payments, Receipts and Bank Reconciliation
VAT Preparation and Submission to HMRC
Software covered
Sage 50 Accounts
QuickBooks
Excel
Sage 50 Payroll
Xero
Contents of Bookkeeping and VAT (Sage 50, QuickBooks, Xero and Excel)
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 ?rm's needs and its customisation
Understanding how double entry is applied in accounting software and how to customise the nominal ledger and nominal codes
Maintaining sales and purchase ledgers of organisation
Setting up customers’ accounts
Process customers invoices and credit notes
Setting up suppliers accounts
Processing suppliers invoices and credit notes
Generating reports customer/supplier invoices, statements and reconciling them
Generating aged debtors and aged creditors reports for credit control purposes
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
Allocating supplier payments and customer receipts against right invoices
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
Understanding VAT period and Tax point
Dealing with Imports, Exports and Acquisitions
Working out VAT fuel scale charge
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
Contents of Payroll and HMRC Reports (Sage Payroll 50 / Brightpay)
Program and payroll basics
Backing up and restoring data
Company settings
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
Why KBM?
ACCA Approved employer at Gold level
AAT approved training provider with highest standards
Matrix approved training with highest standards
Authorised and Regulated by Financial Conduct Authority – FCA
Firm of Chartered Certified Accountants & Registered Auditors
1 – 1 training sessions in our Accountancy firm with Qualified Accountants
Licensed software installed on your laptop
Approved by AAT, Oxford Cambridge and RSA
100% Practical training on real company documents
100% Flexible – You choose day, time and location of your own choice
Multiple locations – Park Royal, Canary Wharf, Barking, Elephant & Castle, Birmingham
Regular performance reviews to identify learning gaps
Job market awareness sessions
Professional CV and Interview preparation
Guaranteed Work Placement
Reference to employers
Support with PER for ACCA / AAT / CIMA
KBM Training and Recruitment is a well-recognised training provider specialising in Accounting, Finance, Taxation and Business Administration. We provide practical / hands-on training through qualified accountants and trainers in real business environment in collaboration with KBM Chartered Certified Accountants & Registered Auditors, a recognised partner of the ACCA (global body for professional accountants) and an ACCA Approved Employer at Gold Level.
Staffing strength include a large number of qualified & professional accountants and auditors. Our training programmes are customized and designed to prepare learners for a Job or Further Education. We offer flexible delivery & timetables to suit your needs and deliver one-to-one hand-on training. We are committed to provide specialist knowledge and professionalism; our training programmes includes an extensive use of modern accounting software like Sage, QuickBooks, SAP, SAPA, SAGE Compliance, Excel, Xero and Sage One.
We are accredited by AAT, NCFE and OCR (Oxford Cambridge & RSA). We also provide non accredited training programmes from fundamental to skills level and have helped thousands of candidates in Training, Employment and Further Education.
We also deliver our programmes through public funding projects including European Social Fund (ESF), Education & Skills Funding Agency (ESFA), Department for Education (DfE), Local Government and EU Erasmus+. The programmes include Traineeships, Apprenticeships, NEET, Adult Education Budget, Advanced Learning Loans, Erasmus+ (KA1 & KA2) and Employability programmes for Local Authorities.
We also provide pre-employment training & support, work placements, vocational skills & retraining, advice on an interview, CV writing, job searching etc.
We are on the ESFA RoATP (Register of Apprenticeship Training Providers) with an Outstanding Grade (UKPRN # ******).
We are Matrix Certified for Information, Advice and Guidance (IAG) to help individuals progress into employment & develop career potential to gain the skills and qualifications they need to get jobs and further education.
We also work closely with employers to ensure that our training programmes match their business priorities. Setting clear objectives ensures our learners have a positive attitude to learning, enjoy their programmes and make good progress.
AAT bookkeeping qualifications provide training for a huge range of bookkeeping roles and are recognised by employers worldwide. AAT bookkeeping qualifications take from six weeks to six months to complete and will give you the fundamental skills that underpin many roles in finance.
Welcome on board – you’ve taken the first important step towards your new career in the accounting and bookkeeping field! Rest assure it is a lifelong career, and it is a very rewarding profession. The future’s looking bright: Check industry averages and statistics. Let’s get started– Our...
You do not need any prior accounting knowledge as this course will give you a solid background in single entry bookkeeping. We would recommend that you first studied the Access Award in Business Skills or appropriate business experience.
All our tutors are qualified accountants and can deliver bespoke bookkeeping (manual and computer) courses.
This course delivers a solid foundation in finance administration – covering areas such as double entry bookkeeping to basic costing principles and using accounting software.
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