Bookkeeping & VAT Return Practical Training

Course Overview

This is an all-inclusive 3 weeks Boot Camp Training that gives you the ability to upskill yourself! Batches Start the First Monday of Every Month (Excluding Bank Holidays!)

Future Connect Training courses are designed and delivered so you end up with real-world knowledge and skills. We will bridge the gap between theory and practice. This is a unique combination and will get you into your desired accounting job. We start with learning the essential and most useful skills and concepts of bookkeeping and VAT in Bookkeeping training. To start with we will be giving you all the important legislative knowledge about HMRC Rules and regulations regarding VAT and Making Tax Digital (MTD). You will gain practical skills in various industries like IT, Retail, Construction, Wholesale businesses and many other businesses. You will develop an understanding of the fundamental principles that underpin the basics of subjects in accounting and bookkeeping training. You will learn the time-honoured rules of double-entry bookkeeping and also how to prepare an unadjusted trial balance.

Suitable For

The course is suited for aspiring bookkeepers and anyone who wants to start a career in accounting.

• New entrants into the accounting sector
• Learners pursuing accounting qualification
• Candidates with overseas experience

Certification

• CPD Certificate
• Accountancy Practice Certificate
• IAB Certificate
• Xero Advisor Certificate

Your 3 Weeks Plan

Week 1: Introduction to Bookkeeping and Accounting Principles

Day 1: Foundations of Bookkeeping

• Morning Session:
  • Introduction to bookkeeping fundamentals
  • Understanding the accounting equation
  • Types of accounts (assets, liabilities, equity, income, expenses)
• Afternoon Session:
  • Basic transaction recording
  • Introduction to accounting software (Sage, Xero, Quickbooks)
  • Hands-on practice with software navigation

Day 2: Recording Transactions and Financial Statements

• Morning Session:
  • Double-entry accounting principles
  • Recording sales and purchases
  • Bank reconciliations
• Afternoon Session:
  • Financial statements overview (income statement, balance sheet, cash flow statement)
  • Practical exercises on creating financial statements using software

Day 3: Introduction to VAT

• Morning Session:
  • Understanding Value Added Tax (VAT) basics
  • VAT rates and thresholds
  • VAT registration and compliance
• Afternoon Session:
  • VAT calculations and invoicing
  • Input and output VAT
  • VAT returns and submissions using accounting software

Week 2: Advanced Bookkeeping and Accounting Software Mastery

Day 1: Advanced Transactions and Adjustments

• Morning Session:
  • Complex transactions (accruals, prepayments)
  • Fixed assets and depreciation
  • Bad debts and provisions
• Afternoon Session:
  • Practical exercises on advanced transaction recording
  • Handling adjustments and corrections in accounting software

Day 2: Payroll and Employee Management

• Morning Session:
  • Introduction to payroll processing
  • Understanding PAYE and NI contributions
  • Employee records and payroll software overview (Sage Payroll)
• Afternoon Session:
  • Practical exercises on processing payroll using Sage Payroll
  • Handling payroll accounting entries in main accounting software

Day 3: Reporting and Analysis

• Morning Session:
  • Interpreting financial statements
  • Ratio analysis and financial performance indicators
  • Management reporting and decision-making
• Afternoon Session:
  • Creating custom reports in accounting software
  • Using data for business analysis and decision support

Week 3: Application and Case Studies

Day 1: Case Studies and Practical Scenarios

• Morning Session:
  • Review of real-life case studies in bookkeeping and VAT scenarios
  • Problem-solving exercises
• Afternoon Session:
  • Group discussions and sharing insights
  • Q&A and clarification on challenging concepts

Day 2: Mock Assessments and Review

• Morning Session:
  • Mock assessments on bookkeeping, VAT, and software usage
  • Individual and group performance review
• Afternoon Session:
  • Addressing areas of improvement
  • Final Q&A and wrap-up discussions

Day 3: Certification and Conclusion

• Morning Session:
  • Final certification assessment
  • Course evaluation and feedback collection
• Afternoon Session:
  • Awarding of certificates
  • Closing remarks and networking opportunities

Receive Certificate Online via Email.

Skills You Will Gain

The students will acquire the following set of skills after completing this Accounting, VAT Return and Bookkeeping Training.

• Sales Day Book
• Purchase Day Book
• Credit Notes
• Debtor / Creditor Reconciliation
• Petty Cash Reconciliation
• Bank Reconciliation
• VAT Calculation
• VAT Adjustment

Career Path

• Sales Ledger Clerk
• Purchase Ledger Clerk
• Bookkeeper VAT Manager
• Billing Clerk
• Credit Controller
• Account Receivable Clerk
• Trainee Bookkeeper
• Account Payable Clerk
• VAT Administrator
• Cash Controller

Work Placement Structure

After finishing your training, you will be given a chance of guaranteed work placement at our offices or at our external client’s offices. The duration is dependent upon the training course you have opted for with us.