This course covers all the aspects of setting up a computerised accounting system, to give participants the skills to be
able to maintain proper books of account, including conducting bank reconciliations, production of sales & purchases
ledgers, credit control and VAT. Participants will also learn how to extract snapshot reports to analyse business performance.
Mentoring Visit – Half Day session with participant in business premises – setting up software etc.
Day One - Revision & set up of VAT Codes, Nominal Codes, Records, Opening Balances, Generating Invoices & Reports.
Day Two - Creating Bank, Cash & Credit Card Accounts. Processing Receipts, Payments, Direct Debits, Transfers,
Recurring Entries, Credit Cards Transactions, Bank Reconciliation and Bank Reports.
Day Three – Processing VAT Return, VAT Reports, Reconciliation of VAT, Vat Wizard. Processing VAT Payments/Refunds,
Calculating VAT on Sales Invoice & Cash Receipt Basis. Wages Journal Entries, Paye/Prsi Payments, Printing Reports.
Day Four – Financial Reports, Explanation & Printing of Trial Balance, Profit & Loss, Balance Sheet & Budget/Variance Report.
Set up of Chart of Accounts for P&L, Balance Sheet & Budget Variance Report. Year End Checklist for Accountant, Printing of Financial Information. Carrying out Year End Procedure, Clear Audit Trail. Q & A Session.
Day Five – Sage Quickpay - Setting up of company & employee information. Running the payroll, producing Reports, Back-up & Restoration