The course is about how to do a bank reconciliation on excel and how to complete a UK VAT return on excel.

We’ll cover terminology such as bank rec, nominal codes, VAT (codes and rates). Plus we’ll look at how to take these figures to prepare a simple profit and loss account.

The course is structured in such a way to show you how to do bookkeeping using an excel template. This template is included to download so that you can have a go at using this yourself.

The template is a cashbook, and the bookkeeping is done on a cash basis. The template is in the form of a Microsoft Excel spreadsheet, version 2003, thus you will need Excel 2003 or a newer edition (2007, 2010…) in order to open the spreadsheet.

Once the bookkeeping is done, these figures can then be used to complete the VAT return. The VAT return is based on the UK laws and rules. The course shows you how to use the figures to do the VAT return.

The template has codes embedded which are the nominal codes. The course covers what nominal codes are and how they work with the template.

There is a worked example of a bank reconciliation.

It’s an ideal course if-

• if you are working in the accounts/finance department and/or if you are thinking of embarking on a career in accountancy or bookkeeping and part of your requirement is to run the VAT return or do the bank rec and report back to the owners of the firm.
• If you are thinking of starting your own business and want to understand how to do bank rec and VAT on excel.
• If you have already begun a business, and want a simple, effective method to do your bookkeeping.

Why choose Edplx?

• Internationally recognised accredited qualification
• Access to our free career advisors
• Approved UK Learning Centre
• 1 year accessibility to the course
• Attain PDF or hardcopy certificate to show employers
• Study at your own pace anywhere
• Employer has access to certificate validation
• Tutor Support available Monday-Friday
• Invitation to job fairs

Course Curriculum

This Course will cover some of the following topics:-

Introduction

• Aims of the course and intro to the tutor
• Organising your bookkeeping records
• Computerised systems
• Downloadable Resource

The theory and manual bookkeeping

• History and principles behind the ledgers

Worked example

• Intro to Flower Power Ltd
• Download the template – explanation of the tabs
• Enter income received
• Enter expenses incurred

Bank reconciliation

• Reconciling items
• Recap on the bank reconciliation

VAT Returns

• General overview of VAT and how it works in the UK
• Do the VAT return

Higher-level bookkeeping

• Adjustments
• Reporting
• Simple Profit and Loss – Month 1

Homework – Month 2

• Month 2 – enter income
• Month 2 – enter payments
• Entering credit card transactions
• Reconciling items
• VAT return
• Reports and results – month 2

Conclusion

• Next steps