Online Bookkeeping, VAT and Payroll Training

Bookkeeping, VAT and Payroll training is an ideal program for anyone looking to start a fresh career in Accountancy sector. We have carefully designed this training program to cover all job requirements for Bookkeeping and Payroll positions.

We are ACCA approved Chartered accountancy firm and we are constantly working hard to help candidates achieve the best quality training in accountancy along with one of the best recruitment facilities in the market.

Upon completion of Bookkeeping, VAT and Payroll training you will receive a training certificate and work experience reference letter from our chartered accountancy firm.

Software covered

• IRIS Payroll

• QuickBooks

• Bright Pay Payroll

• Xero

• VAT 123 Sheets

Contents of Bookkeeping and VAT (VAT 123 Sheets, QuickBooks and Xero)

• Choosing the chart of accounts and its customization

• Understanding how double entry is applied in accounting software

• How to customize the nominal ledger and nominal codes

• Maintaining sales ledgers of businesses

• Maintaining purchase ledgers of businesses

• Setting up customers’ accounts

• Processing customers invoices and credit notes

• Setting up suppliers accounts

• Processing suppliers invoices and credit notes

• Generating reports customer/supplier invoices,

• Generating customers and suppliers statements and reconciling them

• Generating aged debtors and aged creditors reports for credit control purposes

• Allocating cash payments and receipts

• Allocating bank payments and receipts

• Allocating supplier payments and customer receipts against right invoices

• Performing bank reconciliation

• Performing petty cash reconciliation

• 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

• 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 (12Pay by IRIS & Bright Pay)

• 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

• 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 choose this course ?

• Online Training sessions with Qualified Accountants

• 100% Practical training

• 100% Flexible - You choose day & time of your own choice

• Official QuickBooks and Xero Certifications

• Professional CV and Interview Preparation

• Professional reference to employers

• Support with PER for ACCA / AAT / CIMA