Here is what you are going to do

The Practical Experience Tasks

  • 1
    INTRODUCTION
  • 2
    Task 1: SETTING UP & GETTING STARTED
    • Practice material for your exclusive use only.
    • Key facts about Quickbooks online
    • Task 1a: Getting a QuickBooks online Account & setting up the business on the software.
    • Task 1a (i-iii): Understanding the general layout of QuickBooks online & the VAT codes used
    • Task 1b(i): Setting up Customers and corresponding opening balances
    • Task 1b(ii): Setting up Suppliers and corresponding opening balances
    • Task 1c: Setting up Products and Services
    • Task 1d: Setting up the fixed assets register
    • Task 1e: Setting up the opening balances from the Trial balance
  • 3
    TASK 2: BUDGETING
  • 4
    TASK 3: DOING ACCOUNTS PAYABLE TASKS
    • THE ACCOUNTS PAYABLE PRACTICAL EXPERIENCE
    • How to analyse a financial document before recording it
    • Task 3a: A brief overview of the Accounts payable process
    • Task 3b: How to raise a purchase order
    • Task 3c(i): Processing Supplier product invoices
    • Task 3c(ii): Processing Supplier service invoices
    • Task 3d: How to process a purchase credit note
    • Task 3e(i): How to process supplier payments
    • Task 3e(ii): Recording small expense receipts
    • Task 3(f): Petty Cash management
  • 5
    TASK 4: DEALING WITH LEASES & RECURRING ENTRIES
    • Recording a finance lease transaction, Standing orders & Direct Debits
  • 6
    Task 5: POSTING PAYROLL JOURNALS AND DOING AD HOC ADMINISTRATIVE DUTIES
    • Introduction to payroll journals
  • 7
    Task 6: DOING THE ACCOUNTS RECEIVABLE TASKS
    • Welcome to The Accounts Receivable Work Experience
    • Practice material
    • Task 6a: How to raise sales orders, sales invoices and sales credit notes
    • Task 6b(i): Recording Customer receipts, cash sales and non-customer receipts
    • 6b(ii) Recording non-customer receipts
    • Task 6c: How to record dishonoured cheques and returned goods transactions
    • Task 6d: Credit Control - collecting outstanding debtor amounts
  • 8
    Task 7: JOURNAL ENTRIES AND DOUBLE ENTRY REVIEW
    • Introduction to this task
    • Task 7a: Posting a financial instrument journal - issue of share capital
    • Task 7b: Recording Director transactions in a journal
    • Task 7c: Double entry review
  • 9
    Task 8: HOW TO ENSURE SECURITY OF ACCOUNTING DATA
    • Introduction to this task
    • Task 8a: How to change your user account password
    • Task 8b: How to add a new user to the software
  • 10
    Task 9: DOING BANK RECONCILIATION AND VAT RETURN PREPARATION
    • Practice material
    • Task 9a: How to do bank reconciliation
    • Task 9b: How to prepare, reconcile & Submit a VAT Return to HMRC - UK
  • 11
    Task 10: INTRODUCTION TO MONTH END ACCOUNTING PROCEDURES
    • Introduction to Month End Accounting Process
    • How to make nominal account checks & corrections
    • How to make Prepayment & Accrual adjustments
    • How to process an adjustment for Depreciation
  • 12
    Task 11: HOW TO PRODUCE ACCOUNTING REPORTS
    • Producing Accounting Reports
    • The Trial balance report
    • Profit & Loss report
    • The Balance Sheet report
    • Accounts Receivable ageing report
    • Ratio Analysis report
  • 13
    Next Steps...
    • More resources for you

Price & Benefits

This Practical experience training course is £997 one time payment, or three installments of £365.57. You can access the work experience at anytime, night or day without restrictions for up to six months, and you will also have direct access to an accountant at TD&A in case you have any questions or if you need help and support.

100% Practical Experience

We'll give you a professional reference from our Accounting firm and support you in getting an accounting Job.

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