You can get the skills you need to land a job as a finance or accounting assistant by enrolling in a training program. From the buy and sales ledger all the way to the extended trial balance, you will have a solid grasp of the financial process when you finish the accounting assistant course. During your training, you will get the opportunity to use a variety of accounting tools, including Sage 50, QuickBooks, Xero, and Excel.

Accountants, accounting assistants, bookkeepers, and payroll administrators can all benefit from the accounting work experience that we provide in partnership with Accountax training and registered auditors.

Accountax training is committed to providing applicants with top-notch accounting education and services, as well as one of the most competitive recruitment platforms available.

Over the last 30 years, we have assisted thousands of individuals in gaining practical skills and securing careers in the accounting profession through our accounts assistant training programs in both Birmingham and London.

Summary of

• Financial records for customers and sales
• Payables, Receipts, and Bank Reconciliation Invoices, Credit Notes, Purchase Ledger, and Supplier Accounts
• Prepare and Submit HMRC for VAT Maintain Control Accounts and Journals Prepare Trial Balance
• Register for Fixed Assets, Accruals, and Prepayments
• Managing accounts that are updated monthly and quarterly
• Learning to Be an Assistant Accountant

Applications supported:

• Sage 50 Accounts
• financial management software
• Sage 50 Payroll, Excel, and Xero

Included in Sage 50, QuickBooks, Xero, and Excel's Bookkeeping and VAT features:

• Creating businesses in accordance with different VAT schemes, such as the Standard VAT Scheme, Cash Accounting Scheme, Flat Rate Scheme, and Marginal VAT Scheme
• Deciding on and tailoring an appropriate chart of accounts for the business
• Grasping the concept of duplicate entry in accounting software and being able to modify the nominal ledger and codes
• Updating the company's purchase and sales records
• Establishing client accounts
• Pay bills and issue credit notes to clients.
• Authorising vendors to do business
• Taking care of payment and invoice processing for vendors
• Creating reports that include invoices, statements, and reconciliations for customers and suppliers
• Making reports for credit control reasons for old creditors and aged debtors
• Acquiring knowledge of CIS deductions and handling invoices with CIS elements
• The concept of reverse charge and how to handle invoices that include it
• Recognising mistakes and fixing them
• Disclosing monetary gains and losses
• Divvying up cash from the bank
• Matching up the correct invoices with the appropriate payments and receipts from suppliers
• Executing reconciliation of bank accounts and petty cash
• Sage and Excel VAT Calculation for Companies with Both Standard- and Zero-Rated Sales
• Accrual of Value-Added Tax
• Sorting out the GST return
• Making a VAT return submission to HMRC
• Responding to questions from HMRC
• VAT enrolment and withdrawal procedure
• Getting a handle on the VAT window and tax deadline
• Managing Acquisitions, Exports, and Imports
• Calculating the variable tax fuel scale charge
• Guidelines for the Cash Value-Added Tax and Flat Rate VAT schemes
• Enhanced familiarity with VAT deadlines and penalties for the following schemes: Standard, Cash Accounting, Flat Rate, Marginal, and VAT Retail.

The Sage Payroll 50 / Brightpay Payroll and HMRC Report Contents:

• Introduction to the program and payroll
• Data restoration and backup
• Business environments
• Gaining a comprehension of Payroll-related UK laws
• Getting your business registered
• Learning the ins and outs of the PAYE system
• NIC courses and fee
• Levels and rates of income tax
• Employee data entry into payroll systems
• Making components that pay
• Achieving a grasp of year-to-date values
• Handling employee payment processing
• Making payroll statements
• Producing reports prior to updates
• Analysis of departments and employees
• Processing statutory payments and calculating them
• State sick pay (SSP) computation and payment
• Work for statutory maternity pay (SMP) and its payment
• Processes for determining and disbursing statutory paternity compensation
• Keeping track of absences
• Incorporating new employees and those who leave into the payroll system
• Payment with BACS
• Final processes
• Making and handing out payroll stubs
• Reports based on real-time information (RTI)
• Payment submission in its entirety (FPS)
• Payment summary for employers (EPS)
• Filing PAYE with HMRC
• Giving out P45s to departing workers
• At the end of every tax year, issuing P60s to employees

Here is what you can find in the control accounts and journals for Sage 50, QuickBooks, Xero, and Excel:

• Handling of initial accounts
• Invoices for other currencies
• Handling various forms of invoice discounting
• Control accounts for debtors and creditors
• Making reports for credit control reasons for old creditors and aged debtors
• Payroll control, VAT, and PAYE reconciliation
• Sharing journal entries and month-end adjustments
• Accrual accounting and journal entry processing
• Process the journal entry and comprehend prepayments
• Keeping track of the company's fixed assets
• Disposal of fixed assets
• Different approaches to calculating depreciation
• Comprehending profits and losses from asset sales
• Reconciliation of the suspense account
• Account for the director's loans
• Interest paid off on a loan
• Dividend treatment
• Constructing VAT using a Marginal VAT Scheme, a Flat Rate Scheme, a Cash Accounting Scheme, or a Standard VAT Scheme
• Making final entries
• Finalising the Trial Balance
• Financial reports for management each month
• To conclude the fiscal year and begin the new one, you must run the year-end procedures in Sage 50 Accounts.