Setting Up Your Books
BUSINESS SKILLS
Proper financial records are essential to manage the performance of a business as well as to meet statutory obligations. This session will explain the basics of bookkeeping, producing management accounts and complying with the law.
Workshop Content
- Legal requirements of financial records.
- What your business needs from your financial records.
- Formatting your financial records.
- Accounting for VAT - as appropriate to the VAT status of attendees.
- Consideration of off‑the‑shelf software packages.
What to Expect
The requirements of simple bookkeeping related to the individual needs of your business. Off‑the‑shelf bookkeeping software will be considered alongside setting up your own system. You will leave the workshop with your own format for accounts.
Preparation
We will contact you before the workshop to discuss your current bookkeeping practices and understanding of business accounts. This will identify which parts of the session are most appropriate to you and help us to tailor the delivery to your needs.
We may ask you to send us some examples of your records before the workshop so we can review it in advance and make the best of your time on the day.
Who Will Benefit?
Anyone running or wishing to start a business who needs a better understanding of financial records to manage their operation.
Pre-Requisites
There are no specific requirements for the workshop but most benefit will be obtained if you have a good understanding of the income and expenditure items of your business.
COMPUTER SKILLS
