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Do you find yourself dreading the end of the financial year, worrying about the cost of hiring an accountant, and feeling overwhelmed by the thought of managing your own bookkeeping? You're not alone! Many self-employed individuals feel daunted by the prospect of managing their own accounts, but the truth is that it's easier than you might think.
Original price was: £119.99.£29.99Current price is: £29.99.
Course Access
Unlimited Duration
Last Updated
04/10/2023
Students Enrolled
1
Course Duration
1 hour, 40 minutes
Course Instructor
Certification
Do you find yourself dreading the end of the financial year, worrying about the cost of hiring an accountant, and feeling overwhelmed by the thought of managing your own bookkeeping? You're not alone! Many self-employed individuals feel daunted by the prospect of managing their own accounts, but the truth is that it's easier than you might think.
By taking this course, you'll learn how to manage your own bookkeeping and accounts with confidence. You'll gain the knowledge and skills necessary to keep your finances organised, stay on top of your tax obligations, and ultimately save money on accounting fees.
This course is designed to be practical and hands-on. You'll learn by doing, with step-by-step instructions and examples that guide you through each stage of the bookkeeping process. You'll also have access to a range of resources, including templates, spreadsheets, and checklists, that you can use to manage your own accounts more efficiently.
In addition to the technical skills, you'll also learn about the mindset and habits necessary to be a successful self-employed individual. You'll gain insights into how to set goals, manage your time effectively, and stay motivated even when the work gets tough.
Overall, this course is perfect for anyone who wants to take control of their own finances, build their confidence, and manage their business more efficiently. By the end of the course, you'll have a solid understanding of bookkeeping principles and practices, and the skills necessary to manage your own accounts with ease.
What you will learn
- The basics of bookkeeping, including the principles of double-entry bookkeeping, the chart of accounts, and the trial balance.
- How to maintain accurate records of business transactions, including sales, purchases, expenses, and payments.
- How to reconcile bank statements to bookkeeping records, ensuring that all transactions are accounted for and accurate.
- About VAT and tax requirements for self-employed individuals, including how to register for VAT and how to calculate and report tax liabilities.
- How to prepare the final accounts for their business, including the profit and loss account and the balance sheet, as well as how to prepare for year-end reporting.
- The mindset and habits necessary to be a successful self-employed individual, including how to set goals, manage time effectively, and stay motivated.
Is this course for you?
This course is ideal for those who work in or aspire to work in the following professions:- Freelancers, consultants, and other self-employed individuals who want to take control of their own finances.
- Small business owners who want to save money on accounting fees and learn how to manage their own accounts.
- Aspiring bookkeepers or those looking to gain employment in an accounts department, who want to gain a practical understanding of bookkeeping principles and practices.
- Anyone who wants to improve their financial literacy and learn practical skills that they can apply in their personal and professional lives.
Why Choose this course?
- Conducted by industry experts
- Get Instant E-certificate
- Fully online, interactive course with Professional voice-over
- Developed by qualified professionals
- Self-paced learning and laptop, tablet, smartphone friendly
- Tutor Support
Certification
Upon successful completion of this course, an instant e-certificate will be generated free of charge. The digital version of the course transcript is available for £2.99.Course Instructor
Accredited by
UKRLP Registered Provider
Moneyback Guarantee
Course Content
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- Introduction to the course 00:04:00
- Getting organised 00:05:00
- Understanding the spreadsheet 00:07:00
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- Worked Example – inputting April income 00:07:00
- Worked Example – inputting April expenses 00:13:00
- Worked Example – the accounts for Month 1 – April 00:05:00
- Worked Example – inputting May income 00:04:00
- Worked Example – inputting May expenses 00:14:00
- Worked Example – the accounts for Month 2 – May 00:04:00
- What do the figures mean? 00:03:00
- Concepts 00:09:00
- Systems 00:20:00
