BUSINESS BOOKKEEPING MASTERCLASS WEBINAR - Book Now
5 SESSION WEBINAR SERIES
NEED TO KNOW ABOUT DATA CAPTURING AND PROCESSING?
PROBLEMS WITH YOUR PROCESSES AND PROCEDURES?
WHAT ARE THE RESPONSIBILITIES OF PAYROLL?
NEED TO UNDERSTAND THE BASICS OF VAT?
EASY TO UNDERSTAND BOOKKEEPING FOR BUSINESS!
If any of the above applies, then the comprehensive Business Bookkeeping Masterclass Webinar Series is for you!
The easy to understand webinar series will assist you or your staff to understand how books of account are constructed from source entry to balance sheet.
You will be able to recognize and understand accounting entries that originate within a business, enabling a more controlled environment within which a business can operate in.
You will also be introduced to the accountant and bookkeepers jargon, enabling you to understand the language of business.
Who is the Business Bookkeeping Masterclass for?
This series is designed for individuals, entrepreneurs, financial administrators, personal assistants, and bookkeeping staff who need to gain a basic understanding of how the “books of account” are designed and integrate into business, leading ultimately into the Financial Statements, as well as gain a solid background of Financial Administration and VAT procedures.
SESSION 1: BASIC ACCOUNTING TO TRIAL BALANCE
- Basic Bookkeeping and Accounting Terminology
- Why you need bookkeeping
- Accounting Cycle
- Source Documents
- Books of First Entry
- Chart of Accounts
- Audit Trails
- Trial Balance
- Income Statement
- Balance Sheet
- Depreciation/Amortisation
- Compound Interest
- Prepayments
- Accruals and Provisions
- Journals
- Reconciliations
- Month/Year End Close of
- Annual Financial Statements
SESSION 2: ACCOUNTS PAYABLE PROCESSING
- Why is Account Payable important, and how it adds value to your business
- Key Accounts Payable Controls
- Processes, systems and procedures
- Organizational Accounts Payable Policy
- Year-end reporting requirements
- Methods of ensuring consistency with your Accounts Payable functions
- Processing Methods
- Accounts Payable management reporting tools
- Data Capture, workflow processes and document control management
- Electronic invoices, purchase orders and shipping documentation
- Transactions from initiating purchase order to completing invoice payment
- Simplifying standard internal procedures
- Accruals & Provisions - to effectively use methods during close-off periods
- Streamline management reports and reducing unnecessary information
- Year-end close-offs & the importance of a check list
- Reconciling your Accounts Payable accounts
- How to prevent duplicate payments
- How to reduce unallocated payments
- Your filing system - ensuring your information is ready for your auditors
- Vendor information you are required to have
- Procurement policies and procedures with overview
SESSION 3: VAT ADMINISTRATION PROCESS
- VAT Registration & Categories
- Accrual Basis vs Payment Basis
- Invoices – electronic and how to store them
- Connected Persons
- The 10-Day rule
- Time and Value of Supply
- General rule of VAT
- Exceptions to the rule of VAT
- Invoices – what are they supposed to look like
- How to complete the VAT201
SESSION 4: FINANCIAL ADMINISTRATION
- Department of Labour – When and How to register and for what
- UI-8 – What this form is for and what to do with it
- UI-19 – What this form is for and what to do with it
- Staff Files – Relevant documents needed to keep in a staff file
- Staff Payslips – When to supply an employee with a payslip and what information is needed to include
- Staff Leave – How staff leave works and how to calculate unpaid leave
- Leave – How annual leave works and how to calculate to pay out
- Workmen’s Compensation – When to register for Workmen’s compensation, and how it works
- Personal Income Tax – The company’s responsibility in terms of staff personal income tax as well as informing staff of their responsibility to submit their own income tax
- SETA – How to register under the applicable SETA and what are the benefits
- ETI Rebate from SARS – To qualify and benefits of this rebate?
- PAYE, UIF & SDL – Relevant deductions from staff salaries and submissions to SARS. (EMP201 Submissions)
- IRP5’s and IT3’s – Issuing of IRP5’s and IT3’s and when required (EMP501)
SESSION 5: DEBT COLLECTION MANAGEMENT
- Importance of Working Capital & Cashflow
- Importance of Risk Assessment
- Implementation of a Credit Policy
- Communication styles used with Clients
- Letters of Demand & Repayment plans
- How to Measure the effectiveness of Debt Collection
DETAILS:
SESSION 1
BASIC ACCOUNTING
WEDNESDAY – 27 JANUARY
1pm to 3pm
SESSION 2
ACCOUNTS PAYABLE
WEDNESDAY – 3 FEBRUARY
1pm to 3pm
SESSION 3
VAT ADMINISTRATION
WEDNESDAY – 10 FEBRUARY
1pm to 3pm
SESSION 4
FINANCIAL ADMINISTRATION
WEDNESDAY – 17 FEBRUARY
1pm to 3pm
SESSION 5
DEBT COLLECTION
WEDNESDAY – 24 FEBRUARY
1pm to 3pm
COST:
R 700.00 Per Webinar
R 2 450.00 for All 5 Sessions
All INCLUDED :
- Recorded Webinar
- Electronic course notes
- Video presented courses
- No time limit to complete
- Certificate of Completion
- CPD Points