Accounting Practical training with real client data

Understand what is expected from an accountant using real client data.Understanding sage cloud accounting and how to use it to prepare the financial statement24months financial statement self practice using real client data. It is important to make the student familiar with the preparation of the financial statement.Understand how to prepare a financial statement from start to finish using excel and sageThis course is for people who want to work in finance and accounting but have no practical experience to kickstart a career. Many employers prefer candidates who have experience over those who do not have any form of experience. We require you to have a basic understanding of Microsoft Excel, and we will use this software to prepare the financial statements from scratch before moving to the accounting software.What you’ll learnIntroduction to accountingUnderstanding chart of accounts.Understanding the principles of double-entry and how you can apply them in Sage accounting software and use them to prepare a financial statement.Setting up customer accountsTreating customers invoicesPreparing ledgers of the organization Setting up the account of a supplierSetting up the account of a customerCash payments and receipts allocationBank payments and receipts allocationMatching supplier’s payments and customer receipts against the correct invoicesPerforming petty cash and bank reconciliation.Spooling customers and suppliers reportDebtors and creditors control account reconciliationSpooling aged debtors and aged creditors reports for credit review purposes.Processing journal entriesUnderstanding prepayments and processing the journal entryCalculating depreciation using the straight-line methodProcessing accruals and prepaymentsTreating Director’s loan accountSuspense account reconciliationTreatment of dividends and other incomePreparing VAT using Standard VAT Scheme and Cash Accounting SchemeClosing entriesPreparing the ledger accountPreparing the Trial BalancePreparing the extended trial balancePreparation of monthly financial statementsSetting up of companies using standard VAT scheme and cash accounting scheme using sage accountingPreparing the financial statement using excel.Preparing the financial statement using sage accountingYour certificate of completion will be issued at the end of this training. Who this course is for:This course is for anyone trying to secure a job as an accountant, accounts assistance, credit controller, debtor manager, and so on.