Expand your knowledge at your own pace with our comprehensive 7 course self-study program, designed to give you practical, in-depth insights into bookkeeping and compliance.

Covering everything from basic bookkeeping principles to VAT, accounts payable, company compliance, and dealing with SARS, this package equips you with the tools to manage financial processes effectively.

Perfect for professionals and business owners who want flexible, structured learning, anytime, anywhere.

The following courses are included in this package:

Basic Business Bookkeeping

• Basic Bookkeeping and Accounting Terminology
• Why you need Bookkeeping
• Accounting Cycle
• Source Documents, Books of First Entry
• Chart Of Accounts
• Audit Trails
• Trial Balance
• Reconciliations
• Month/Year End Close of Process
• Annual Financial Statements (AFS)
  
  

Accounts Payable Processing

• Why is Account Payable important, and how it adds value to your business
• Key Accounts Payable Controls
• Processes, systems and procedures
• Organizational Accounts Payable Policy
• Year-end reporting requirements
• Methods of ensuring consistency with your Accounts Payable functions
• Processing Methods
• Accounts Payable management reporting tools
• Data Capture, workflow processes and document control management
• Electronic invoices, purchase orders and shipping documentation
• Transactions from initiating purchase order to completing invoice payment
• Simplifying standard internal procedures
• Accruals & Provisions - to effectively use methods during close-off periods
• Streamline management reports and reducing unnecessary information
• Year-end close-offs & the importance of a check list
• Reconciling your Accounts Payable accounts
• How to prevent duplicate payments
• How to reduce unallocated payments
• Your filing system - ensuring your information is ready for your auditors
• Vendor information you are required to have
• Procurement policies and procedures with overview

Company Compliance

• Department of Labour – When and How to register and for what
• UI-8 – What this form is for and what to do with it
• UI-19 – What this form is for and what to do with it
• Staff Files – Relevant documents needed to keep in a staff file
• Staff Payslips – When to supply an employee with a payslip and what information is needed to include
• Salaries & Wages – How to calculate pro rata salary, bonus, leave and sick leave
• Staff Leave – How staff leave works and how to calculate unpaid leave
• Leave – How annual leave works and how to calculate to pay out
• CIPC – Annual return requirements and how to ensure that the company does not get deregistered because of failure to renew
• Personal Income Tax – The company’s responsibility in terms of staff personal income tax as well as informing staff of their responsibility to submit their own income tax
• Workmen’s Compensation – When to register for Workmen’s compensation, and how it works.
• PAYE, UIF & SDL – Relevant deductions from staff salaries and submissions to SARS. (EMP201 Submissions)
• IRP5’s and IT3’s – Issuing of IRP5’s and IT3’s and when required (EMP501)

VAT Fundamentals & Foundations

• Registrations - Supporting Documents and Forms to fill in
• The importance of knowing the difference between voluntary and compulsory registrations
• Sale of a Going Concern and the subsequent VAT registration of the purchaser
• Registering separate activities, divisions and branches
• How to register for VAT on E-filing
• Managing your user profile and access rights on E-filing
• What constitutes a supply?
• The enterprise test – what activities are and what activities are not
• Standard Rate, Zero Rate and Exempt – knowing the difference
• What to do when a VAT number is pending
• NEW VAT Vendor – Back Dating vs Back Claiming
• Supplies made to the person prior to registration – Section 18 (4) (b)
• Deregistration and Exit VAT
• Income tax consequence of Exit VAT
• VAT Categories
• The 10-Day Rule
• Accrual Basis / Invoice Basis compared to Payment Basis
• Exceptions to the general time and value of supply
• Invoices – Complying with the SARS check list
• How to fill in the VAT201 form

VAT Sales & Purchases (Part 1)

• Accounting for VAT
• Invoice basis vs Payment Basis
• Different types of supplies (Standard Rate, Zero Rate & Exempt)
• Time of Supply (when vat is triggered)
• When there is a change of rate (for example 14% to 15%)
• Connected Persons
• Progressive, Successive and Periodic supplies
• Instalment Sales Agreements
• Fixed Property
• Lay-By Agreements
• Machines, meters and other devices
• Betting Transactions
• Supplies made by a branch in a foreign country
• Fringe Benefits
• Deemed Supplies
• Apportionment
• Insurance Indemnity Payments
• Mixed / Combined supplies
• SECTION 8 (27) – Excess Receipts
• SECTION 8 (14) – Deemed Non-Supplies
• Adjustments / Change in Use
• SECTION 18 (A) – Adjustments in respect of zero rated acquisitions
• Standard Rated supplies – goods and services
• Zero Rated supplies – goods and services

VAT Sales & Purchases (Part 2)

• Exempt Supplies
• NGO’s, PGO’s and WO’s
• Agent vs Principle
• Company Cross Charges
• Recovery in the form of a management fee
• Recovery in the form of a cost recovery fee
• Recovery of disbursements
• Input tax credits specifically denied
• Entertainment exceptions
• Motorcar exceptions
• Notional input tax
• Second hand goods
• Tax invoices, Debit notes & credit notes
• Electronic Invoices
• Reimbursements and corporate credit cards
• Day to day adjustments for example discounts
• Exports – Direct and Indirect
• Imports – Value and time of supply

VAT Dealing with SARS

• VAT Return, Payments and Refunds
• Should you be a registered tax practitioner to file a VAT return?
• Made a mistake – what now?
• Can you delay a refund?
• Penalties and Interest
• General VAT compliance
• The dispute process
• Verification process or “the pop-up letter”
• Assessments and revised assessments
• Objections (and the grounds of objections)
• Appeals

All Included:

• Video presented courses
• Downloadable course material
• Certificates of training
• Assessments (optional)
• SAIT Accredited (Verifiable CPD Hours)