Small Business Accounting (H1510XA20)

10/05/2021

Online Course, Aspire Cloud

£45.90

18:00 - 20:00

Monday

2 hours x 3 sessions

Deborah Jarvis

03456 01 01 61

Cost breakdown

Tuition fee£45.90
Total cost£45.90

What is the course about?

If you are thinking of starting your own business, or already run a small business, but need to understand more about your financial obligations, then this course is for you!
Over three 2 hour interactive online sessions, our tutor will cover information that is specifically relevant to small businesses and that which can be practically applied, giving you an opportunity to ask questions and check understanding along the way. The course will cover:

Session 1 - Introduction to the Accounting System & Setting up an accounting system
• Overview of the accounting system and how to set up a basic system based on cash book accounting.
• Identify business expenditure
• Understand the importance of source documents and how to record income and expenditure in the cash book.
• Identify business expenditure
• Explain the difference between capital and revenue expenditure and how to spread the costs over the accounts
• Explain profit and loss and how to identify it

Session 2 - Trial balance and final accounts information
• Costing and pricing products/jobs/services
• Explain the profit & loss account and the balance sheet. (Final accounts).
• Prepare a set of final accounts for a sole trader from a period end trial balance for reference
• Basic cash flow planning

Session 3 - Final accounts preparation & Basic bookkeeping software
• Discuss the need for credit control.
• Discuss budgets and performance monitoring.
• Looking at free software options

What previous experience, knowledge or qualifications do I need for this course?

This course is suitable for complete beginners. No previous experience is needed.

What do I need to bring with me?

This course is online and so you will need access to a computer, a pen, A4 notepad and a calculator.

Are there any additional costs?

No

What can I do next?

If you have not already done so, you may wish to join our ‘Creating a Business Start Up’ course. Please visit our website www.aspiresussex.org.uk or phone 0345 6 01 01 61 for further information.

Course Location

Online Course
Aspire Cloud
West Sussex
ZZ99 9ZZ