Bookkeeping Training UK
- 1Day
- 20
- Intermediate
About the course
ACCOTAX Hive Ltd offers practical bookkeeping training for small
and medium-sized businesses, led by UK accounting professionals.
Learn to manage daily financial records, prepare Profit & Loss statements and
Balance Sheets, and stay compliant using the software of your choice.
Overview
Master Bookkeeping with ACCOTAX HIVE
Refine your bookkeeping expertise with ACCOTAX HIVE where practical skills and professional knowledge come together to empower your financial management capabilities.
Our hands-on training covers all key aspects of bookkeeping using your preferred accounting software, focusing on real-world business scenarios and best practices. Through clear, structured Focus Areas, you will build your skills step-by-step, mastering fundamental processes and advanced accounting techniques.
Focus Areas
Focus Area 1 – Introduction to Bookkeeping and Software Selection
Understand bookkeeping fundamentals and how to choose and set up your preferred accounting software.
Focus Area 2 – Recording Day-to-Day Transactions
Enter sales, purchases, receipts, and payments accurately in your bookkeeping system.
Focus Area 3 – Creating Profit & Loss Statements
Compile income and expense data to produce accurate Profit & Loss reports.
Focus Area 4 – Preparing Balance Sheets
Understand asset, liability, and equity classifications and prepare balance sheets using your software.
Focus Area 5 – Accruals and Prepayments
Record and adjust for accruals and prepayments to reflect true financial positions.
Focus Area 6 – Using Journals
Create and post journal entries to correct errors, allocate costs, and adjust accounts.
Focus Area 7 – Reconciling Debtors (Receivables)
Manage and reconcile customer accounts, tracking outstanding invoices and payments.
Focus Area 8 – Reconciling Creditors (Payables)
Monitor supplier accounts, ensuring bills are entered, approved, and paid on time.
Focus Area 9 – Asset Addition and Management
Record fixed asset purchases and track asset details within your accounting software.
Focus Area 10 – Depreciation and Amortisation
Calculate and apply depreciation and amortisation schedules compliant with accounting standards.
Focus Area 11 – Maintaining the General Ledger
Ensure all transactions flow accurately into the general ledger for financial reporting.
Focus Area 12 – Bank Reconciliation
Match your bank statements with recorded transactions to maintain accurate cash records.
Focus Area 13 – Managing Reserve Distributions
Understand the accounting treatment for reserves and distributions to shareholders or owners.
Focus Area 14 – Preparing Financial Reports
Generate key reports such as Trial Balance, Aged Receivables, Aged Payables, and Cash Flow statements.
Focus Area 15 – VAT Record Keeping and Returns Support
Maintain VAT records properly and support accurate VAT return preparation.
Focus Area 16 – Ensuring Compliance with Accounting Standards
Align bookkeeping processes with UK accounting standards for SMEs.
Focus Area 17 – Handling Corrections and Adjustments
Correct errors promptly and make adjusting entries as needed.
Focus Area 18 – Backup and Data Security in Bookkeeping Software
Learn best practices for safeguarding your financial data.
Focus Area 19 – Year-End Bookkeeping Procedures
Prepare your books for year-end closing and assist in smooth audit or accounts preparation.
Focus Area 20 – Common Bookkeeping Mistakes and How to Avoid Them
Identify typical pitfalls and implement effective strategies to maintain clean and accurate books.
Ready to build strong bookkeeping foundations and produce reliable financial reports? Book your bookkeeping training session with ACCOTAX HIVE today. Simply click the button below to get started.
Why Choose Accotax Hive?
- Expert-Led Training by Seasoned Chartered Accountants - Benefit from 15+ years of real industry expertise.
- Hands-On, Practical Training for Job Readiness - Master accounting tasks through real-world scenarios.
- Cutting-Edge AI Tools Enhance Learning Experience - Learn smarter with integrated AI technology support.
- Real Work Placements to Build Experience - Gain invaluable face-to-face practical industry exposure.
- Tailored Career Pathways for Professional Growth - Progress from bookkeeping to senior finance roles.
- Comprehensive UK-Focused Accounting Curriculum -Training aligned with UK standards and compliance.
- Supportive Learning Environment with Expert Guidance - Receive personalised mentorship throughout your journey.
