Welcome to Practical Accounts and Bookkeeping Automated, where you get an overview of the whole Practical Accounting Process, all the way from Opening Balances, to the Recording, Periodic Reports, Year-end Procedures, Final Accounts, plus Supporting Reports, all done and automated with an Excel Template.
As opposed to Accounting Theory, get to know what is done in Accounting Firms, speeded up by an Excel Template. Get an insight into the Real Accounts, as desired by Tax Authorities.
What is Covered:
For this overview, all that is used are Videos.
What is the target audience?
Get a brief background to the design of this course: Practical Accounts and Bookkeeping Automated.
Knowing the 14 Menus or Sections on the Accounting Ribbon, plus the facilities in each of them.
Identify the 265 Accounts created or modified for A Sole Trader.
Able to use a Standard Recording; selecting accounts, typing amounts, Narration, document number, Date, plus month.
Able to interpret information pasted on the Double Entry Page
Being introduced to all Periodic Reports Automatically prepared by the Template
Getting an Overview of the 72 Year-end Reports, with some focus on Financial Statements, Tax Return Extract, and Year-end Adjustments.
Getting an Overview of Vat, Wage and Income Reports
Getting an Overview of Expenses and Fixed Asset Reports
Getting an Overview of Cash, Other Current Assets, and Creditor Reports
Getting an Overview of Long-term Liability, Other Current Liability, and Equity Reports
Review the Registration, Rates, Reporting and Verification
Get a quick overview of the Documents Management system
Able to record Receipts, Invoices, Debit Notes, Credit Notes, Returns Vouchers, and others.
Able to record documents for Overheads Paid, Refunded, Invoice, Debit Note and Credit Note.
Able to record documents for Cost of Sales Paid, Refunded, Invoice, Debit Note and Credit Note.
Able to record documents for Fixed Assets Paid, Refunded, Invoice, Debit Note, Credit Note, Owner's Assets, and Disposals.
Able to record Payments documents although the following are covered in other sections: Cost of Sales, Overhead Expenses, Fixed Assets, Income Refund, Creditors, Debtors
Able to record documents for Money Received although the following are covered in other sections: Cost of Sales, Overhead Expenses, Fixed Assets, Income Received, Creditors, Debtors
Fellow of the ACCA, DBA, BA/ Educ,
A Practicing Accountant with many years Experience
I designed and partly built the Template on this course
25 Years Experience Teaching Theory and Practical Accounting
Taught at High schools, City College Coventry, and Halifax University, Birmingham
Published Author with several Accounts titles
Administrator at the Association of Practical Accounts (APA), UK.
APA is tasked to provide Practical Accounts Training in a classroom environment, which addresses the shortage of Training Facilities in the work environment.
The newly qualified in Accounting are not able to deliver at work. The idea of learning at work is only accessible to a few. Many finalists are not offered jobs since employers require practical experience.
APA aims to narrow the gap between what is taught on many courses, and the skills required at work. There is a mismatch between graduates and the crucial skills desired by employers especially the business sector. Its difficult to justify the size of the gap in the 21st Century.
Modern procedures have been modified to save time, overcome weaknesses, adjust to tax report layouts, and are software Oriented.
Most courses deliver Accounting knowledge without the technical or practical skills required in the modern workplace. Many only scratch the Bookkeeping Function, which is the backbone of the Accounting Function. The Accounts File Preparation should be straight forward if the Bookkeeping is done properly from start. However, since Bookkeeping is often left in a mess, Final Accounts Preparation starts by Reviewing Bookkeeping, which is often complicated and stressful.
That is why we have opted for automating the Process, Saving time, and filling in the skills shortage. All is left accessing, presenting, and explaining the Reports.