Final Accounts Training

Module 1

Create a New Company

Tally aids you to learn and create a new company records file.

• Makes you learn and recognise the needs of the company. A device the discussion on a template.
• Its software is being organised and based on company needs.
• This Module has been customised and set up according to the following:
  • The organisation of access rights to users
  • The organisation of Customer and supplier records
  • The organisation of Bank, cash and credit card accounts
  • Organisation of Departments

Changing Global Options

• Changing the system date & bookkeeping periods
• Makes you learn & how to use default setting that results in defining the data the way it has been shown in Tally
• Tally makes it more refreshing to work with as it divides the whole financial year into several accounting periods.
• Makes you learn how to classify and choose a correct bookkeeping period and know how to modify the system date in Tally

Modifying the Chart of Accounts

You will also have a

• Arrangement of the Client, Dealer and Tax codes
• A more in-depth knowledge of subsidiary and ledger, setting up the chart of accounts
• Settlement of the software for company use by incoming opening balances for nominal, customer and dealer accounts

Module 2

Confidently using Tally

Supplier Module

• Computing supplier invoices, post supplier payments and credit notes
• Computing reconciliation of supplier account activity
• Analysing dealer account activity
• Record supplier invoices and carrying out aged creditor analysis
• Establishing the purchase budgets & cash runs via Supplier reports
• Designing various Daybook accounts for the Supplier activity
• Arrangement and processing of recurring transactions
• Alter and revise the supplier account details

Customer Module

• Generating and updating invoices, quotes and credit notes for customers, purchase orders.
• Calculating customer invoices.
• Extracting the settlement of customer account activity.
• Recording customer receipts and carrying out the aged debtor enquiry.
• Planning various Daybook accounts for the Customer activity
• Organising the cash flow & working capital established on generated reports
• Modify and review the customer account details
• Plan and process recurring transactions
• Coordinating the credit control, overdue letters and including statements

Bank Module

• Analyse numerous bank accounts.
• Performing on many petty cash dealings
• Accessing the insignificant cash settlement
• Record the bank transactions

Module 3

Company Module

• Identification, rectification, and correction of errors while calculating
• Analysing and keeping the data safe by using several backups
• Understanding many options available to achieve the overall bookkeeping
• Keeping an eye on the dealings and generating audit trails
• How to record & process General Trail balance and economic statements

GST

• Writing off bad debt & perform a VAT reclaim
• Demanding relief on the goods returned outside EU
• Analysing and selecting the appropriate VAT quarters
• More profound familiarity and understanding of various VAT Scheme
• Updating and analysing of Cash, and flat rate schemes in software
• Keeping a general record of the several matters related to Acquisition Tax
• Rules and knowledge about how to perform VAT adjustments
• Introduction to many important VAT industry precise issues for Retail, Construction, IT industries.
• For a better knowledge on how to work on VAT regular workspace has being introduced.

Bookkeeping training can be assimilated with our Accounting and Payroll and Accounts Assistant Training

This course is one of the best course of Future Connect Training & Recruitment Ltd’s Practical Accountancy Training with Guaranteed Placement option.