Xero/QuickBooks Training:
Xero and QuickBooks are essential tools in modern accounting due to their cloud-based features and user-friendly interfaces. Proficiency in these platforms enhances your technical skills and employability, making them highly sought after by employers.
At Taxcare Accountancy, we offer expert-led training on Xero and QuickBooks, providing practical, real-world simulations with the latest versions. Our course focuses on personalized instruction and real-time support, aligned with current business needs.
Duration: 3 Months
Course Content:
Xero Training Course
- Introduction to Xero Accounting Software
- Overview of cloud accounting and its benefits
- Introduction to Xero’s UK-specific features
- Setting up a Xero account
- Setting Up a Business in Xero
- Entering UK-specific company information
- Customising invoice templates with UK formats (VAT numbers, etc.)
- Setting up the chart of accounts relevant to UK businesses
- UK VAT and Tax Settings
- UK VAT basics (standard, reduced, zero-rated VAT)
- Setting up VAT in Xero
- Submitting VAT returns directly to HMRC (Making Tax Digital - MTD compliance)
- Bank Reconciliation
- Connecting to UK bank accounts
- Bank reconciliation processes
- Handling bank feeds
- Managing Sales, Purchases, and Invoices
- Creating UK-compliant sales invoices and credit notes
- Setting up UK suppliers and processing supplier invoices
- Managing quotes and purchase orders
- Tracking Expenses
- Using the Xero app for tracking expenses
- Recording and reimbursing employee expenses
- Payroll
- Setting up UK payroll (HMRC, PAYE, NI contributions)
- Managing employee leave, pension contributions, and payslips
- Submitting RTI (Real-Time Information) to HMRC
QuickBooks Training Course
- Introduction to QuickBooks
- Overview of QuickBooks Online and Desktop versions
- Introduction to UK-specific features of QuickBooks
- Setting up a new business account
- Configuring QuickBooks for the UK
- Entering company information in line with UK regulations
- VAT and tax configuration for UK businesses
- Setting up a chart of accounts for UK-specific needs
- Managing Customers and Suppliers
- Setting up customer profiles
- Creating and managing invoices
- Handling customer payments and credit notes
- Banking and Reconciliation
- Linking UK bank accounts
- Managing bank feeds
- Bank reconciliation processes
- UK VAT and Making Tax Digital (MTD)
- Setting up VAT tracking and submissions
- How to submit VAT returns to HMRC through QuickBooks
- MTD compliance and filing
- Handling Expenses and Purchases
- Recording UK-based supplier invoices
- Tracking and categorising expenses
- Managing purchase orders
- Payroll and Employee Management (UK)
- Setting up and running payroll
- Handling PAYE, National Insurance (NI), and pension contributions
- Submitting RTI to HMRC
- Reporting and Taxation
- Generating financial reports (Profit & Loss, Balance Sheet)
- Customising reports for UK standards