Know your ABCs - The building blocks of an integrated accounting system.


Understanding how an integrated accounting system can work, (eg: MYOB), will be as easy as learning your ABC’s:
     A = Accounting Systems
      B = Bank Reconciliations
     C = Creditors
     D = Debtors…

Over the six sessions, we'll cover:
 

Day One
1.     Definitions

2.     Double entry accounting – the foundation building blocks of all accounting systems.
- Assets – Liabilities = Equity
- Income – Expenses = Profit/loss
- Practical exercises

3.     Modules of an integrated accounting system
- General Ledger
- Accounts Payable
- Accounts Receivable
- Cash Book
- Inventory

4.     Before getting started, identifying
- The needs of your business
- Chart of Accounts
- Opening Balances

5.     What to ask when deciding on a computerised Accounting Package?
 
Day Two
1.     Set-up and customisation.
- Entering Chart of Accounts
- Entering opening balances
    - Debtors
    - Creditors
    - Inventory
- Invoices & Statements
 
Day Three
1.     Working with Debtors
- Setting up client details
- Quotes / Orders / Invoices
- Allocating receipts & refunds
- Monthly statements
 
Day Four
1.     Working with Creditors
- Setting up suppliers details
- Ordering / Receiving / invoices
- Monthly Reconciliations
- Making payments
 
Day Five
1.     Bank Reconciliations
2.     Understanding Journal Entries
3.     Reporting
- Monthly
- GST
- Yearly

Day Six
1.     Tracking your Budget against your actual financial.
2.     Pro’s and Con’s of an Inventory System.
3.     Integrating your system with your Accountants.
4.     Problem Solving…


Duration
6 x Half day Fortnightly workshops plus
6 x 3 hour follow up coaching
 
Investment
NZ$4195.00 (plus GST) per Delegate.
NZ$3995.00 (plus GST) each when 2 or more delegates attend from an organisation.

With an NZTE voucher: NZ$2097.50 (plus GST) per Delegate.
 
Please Note: This is a practical course, and as such is limited to a maximum of 8 participants.

Click here to enrol in this course, or request extra information.