Category:
Business Training
The aim of this course is to enable attendees to keep appropriate records, prepare daybooks and extract key information for taxation and financial management purposes.
- Self-Assessment system explained – income tax compliance obligations
- Record keeping obligations – receipts, invoices etc.
- Using technology to keep records, photos, apps etc.
- Review deductible expenses
- Identify how tax is calculated
- Tax dates- preliminary tax, tax returns – Form 11
- Contact numbers
- Dealing with your Accountant
- Preparation of the following: Concentrating on Daybooks and day to day bookkeeping
- Basic bookkeeping and accounts terminology explained
- Practical application of Bank Receipts Book & Bank Payments Book (Bank Book)
- Reconciling to bank statements
- Templates provided linking to profit and loss account on Excel
- Sales book – demonstration, introduction and template
- Purchases book – demonstration, introduction and template
- Petty Cash Book or equivalent -demonstration, introduction and template
- Setting up daybooks above to ensure useful information available for tax returns and financial management – template provided
- Controls to ensure accuracy
- Manual v. Excel v. Computer packages Different types of accounting packages
- Using Revenue On-line System (ROS) and registering on ROS