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Provided by Centre of Accountanc... shield-tick icon

Bookkeeping VAT Returns & Payroll

Remember it's important you research your options before selecting a course. Late payments may result in fees and could negatively impact your credit file.

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What will you

Learn?

Here's what Centre of Accountancy Careers & Training say about their course...

What do I get?

  • Bookkeeping & VAT Returns Software: Sage 50 Accounts, Xero, QuickBooks, Advanced Excel - Understanding overall purpose of bookkeeping - Learning basic bookkeeping concepts such as debits, credits etc. - Purpose of bookkeeping and what are the best practices in the work place as a bookkeeper -Understand and maintaining purchase/sales ledger -Setting up company on accounting software (Sage 50 Accounts, Xero, QuickBooks etc.) -Update and choose the accounting period for the organisation based on global accounting practices -Setting up chart of accounts based on the organisational needs -Understanding nominal code and nominal ledger -Customising the nominal Ledger -Setting up Customer account in the accounting systems -Generate and process customer invoices and credit notes -Setting up Supplier account in the accounting systems -Generate and process supplier invoices and credit notes -Preparing reports for supplier / customer invoices -Preparing aged debtors and aged creditors reports -Understanding CIS deduction and calculations -Dealing with cash payments and receipts -Dealing with Bank payments, reconciliations and petty cash -Dealing with Reverse Charge and implication on VAT returns -Understanding VAT Principles -Analysis of different VAT Scheme cash rate, flat rate and standard -Preparing VAT -Reconciliation of VAT -Completing a VAT return -Import and Export VAT analysis -Submission Steps of VAT Return to HMRC -Introduction to Making Tax Digital (VAT) scheme Payroll -Software: Sage 50 Payroll -Ascertaining gross pay, classifying taxable and NICable pay elements, calculating pay apportionments correctly -Processing deductions and incorporate voluntary deductions and student loan payments into payroll systems -Calculating National Insurance Contributions and PAYE -Identifying different tax codes -Calculating income tax -Administering starters and leavers correctly, completing forms P45 and New Starter checklist correctly -Issuing P60 forms -Pensions and automatic enrolment Overview of HMRC’s compliance role with statutory payments -Outlining the arbitration route with statutory payment decisions -Calculating and understating Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), Statutory Adoption Pay (SAP), Statutory Paternity Pay (SPP), Shared Parental Pay (ShPP), Statutory Parental Bereavement Pay (SPBP) -Processing payment and generating payslips -Submitting RTI reports to HMRC

What do I need?

  • No Prerequisites

Knoma’s Take

CAC Training say they are a team of Professional Chartered Certified Accountants delivering a combination of theoretical and practical training. Their courses are designed with actual job positions in mind, which has the potential to lead to stronger chances of employment.

Tom Meehan

CTO Knoma

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The support of Knoma allowed me to focus on my course of study without having to worry about an initial financial burden. Thanks to Knoma, I have been able to retrain as a Software Developer and look forward to an exciting new career.quote-end icon

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David

CAREER CHANGER | 2020 - 2021

Now

Software Developer

Previously

Chef

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What does the course cost?

Repayment period (months)

Learn for 12 payments of

£100

/ month

Pay 0% interest

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