Take your bookkeeping expertise beyond the fundamentals with this comprehensive intermediate to advanced self-paced learning package.

From bookkeeping journals, reconciliations and VAT deductions to analyzing income statements, understanding balance sheets and preparing management accounts, each course focuses on practical knowledge that can be applied in the workplace.

Designed for bookkeepers, accounting professionals and finance staff, the package develops the practical skills needed to process and reconcile financial information accurately, interpret key financial reports and understand essential company tax principles.

The following courses are included in this package:

PROCESSING AND RECONCILIATION

1. Reconciliations for Bookkeeping

• Introduction and Basic Concepts
• Bank and Petty Cash Reconciliation
• Debtors Reconciliation
• Creditors Reconciliation
• Payroll Reconciliation
• VAT Reconciliation
• Month End Balance Sheet Reconciliations
• Ensuring Income Statement accuracy and consistency
• The Fixed Asset Register and monthly journals

2. Essential Bookkeeping Journals

• Introduction and Basic Concepts
• Share Capital and Shareholder’s Loans
• General Journals
• Customer Journals
• Supplier Journals
• VAT Control Journals
• Payroll Journals
• The FAR and depreciation and amortization journals
• Stock Journals

3. The Bookkeepers Guide to VAT Expense Deductions

• Introduction and Basic Concepts
  • The Big Picture: What Are VAT Expense Deductions?
  • Core VAT Concepts You Must Know
  • What Counts as Input Tax on Expenses?
  • Denied and Restricted Input VAT: Know These by Heart
  • Apportionment: When You Have Mixed Supplies
  • Change in Use Adjustments
  • Special Topics: Notional Input Tax on Second-Hand Goods
  • Import VAT and Customs: Claiming Input Tax on Imports
• What you CAN and CANNOT deduct
  • Taxable, Zero-Rated, and Exempt Supplies
  • Claimable Expenses for VAT Purposes
  • Non-Claimable Expenses
  • Apportionment of Input VAT
  • Documentation Requirements
  • Common Mistakes to Avoid
  • SARS Audits and Record-Keeping
• Time and Value of Supply
• Entertainment
• Motor Cars
• Accommodation
• Exempt Supplies
• Zero-Rated Supplies

REPORTING

4. Analyzing the Income Statement

• Introduction and Basic Concepts
  • Income Statement vs Other Financial Statements
  • Importance of Income Statement
  • Key users of the Income Statement
  • Basic Accounting Principles Relevant to the Income Statement
  • Components of the Income Statement
  • Practical Examples for Bookkeepers in South Africa
  • Common Errors to Avoid
• Revenue and Sales Recognition
• Cost of Sales and Gross Profit
• Operating Expenses and Net Profit
• Taxation and Profit after Tax (PAT)
• Practical Income Statement Analysis
• Reporting and Compliance
• Practical Exercises and Case Studies
• Income Statement Ratio Analysis

5. Understanding the Balance Sheet

• Introduction and Basic Concepts
  • Key Features of a Balance Sheet
  • Importance of the Balance Sheet
  • Users of Balance Sheet Information
  • The Accounting Equation
  • Legal and Regulatory Framework in South Africa
• Understanding Assets
• Understanding Liabilities
• Understanding Equity
• Balance Sheet Formats and Presentation
• Analyzing the Balance Sheet
• Common Balance Sheet errors and adjustments
• Preparing a Complete Balance Sheet

6. Mastering Management Accounts

• Foundations of Management Accounts
• Preparing a Set of Management Accounts
• The Importance and Uses of Management Accounts
• Enhancing Management Accounts with Reports
• Key Metrics and Performance Indicators in Management Accounts
• Practical Application, Reporting Packs, and Case Studies

TAXATION

7. Introduction to Company Income Tax

• Different types of companies and their tax consequences
• Sole Proprietors
• Small Business Corporations (SBC’s)
• Turnover Tax
• Motor Cars
• Partnerships
• Private Companies (PTY LTD’s)
• Close Corporations (CC’s)
• Trusts
• NGOs, PBOs, and Welfare Organisations
• Companies Exempt from Tax
• Current Tax Computation

All Included:

• Video presented courses
• Downloadable course material
• Certificates of training
• Assessments (optional)
• SAIT Accredited (Verifiable CPD Hours - 2 per course/module)