Course - Bookkeeping for a Startup/Small Business

When – Tuesday 10^th September – 6pm to 9.30pm

Where - Online

This is ideal for start-ups and early-stage entrepreneurs who are not yet using any accounting packages.

 Participants will gain knowledge in how to keep proper records, prepare basic books of accounts, manage finances and comply with tax obligations

We will cover all elements of setting up a simple bookkeeping system.

Course Objectives:

1. To explain the basic concepts of accounting and some terminology
2. To explain and demonstrate the books and records that must be kept by business owners and in what format
3. To teach and explain which expenses are allowed to be claimed by businesses and those that are disallowed
4. To demonstrate and practice how to reconcile debtors, creditors and the bank account
5. To explain the Profit and Loss account and Balance Sheet and how the Books update these
6. To explain what a business’s taxation is based on and the deadlines
7. To have a discussion on the benefits of computerised accounting

Course Content:

• Accounting fundamentals and elements
• Keeping and recording financial records – ‘The Books’
• Assets, Liabilities, Income, Cost of Sales and Expenses
• Allowable business expenses
• Debtors & Creditors
• The Profit and Loss Account
• The Balance Sheet
• Taxation of profits
• Manual vs computerised accounting