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

1. Introduction to Xero Accounting Software
   • Overview of cloud accounting and its benefits
   • Introduction to Xero’s UK-specific features
   • Setting up a Xero account
2. 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
3. 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)
4. Bank Reconciliation
   • Connecting to UK bank accounts
   • Bank reconciliation processes
   • Handling bank feeds
5. 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
6. Tracking Expenses
   • Using the Xero app for tracking expenses
   • Recording and reimbursing employee expenses
7. 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

1. Introduction to QuickBooks
   • Overview of QuickBooks Online and Desktop versions
   • Introduction to UK-specific features of QuickBooks
   • Setting up a new business account
2. 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
3. Managing Customers and Suppliers
   • Setting up customer profiles
   • Creating and managing invoices
   • Handling customer payments and credit notes
4. Banking and Reconciliation
   • Linking UK bank accounts
   • Managing bank feeds
   • Bank reconciliation processes
5. 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
6. Handling Expenses and Purchases
   • Recording UK-based supplier invoices
   • Tracking and categorising expenses
   • Managing purchase orders
7. Payroll and Employee Management (UK)
   • Setting up and running payroll
   • Handling PAYE, National Insurance (NI), and pension contributions
   • Submitting RTI to HMRC
8. Reporting and Taxation
   • Generating financial reports (Profit & Loss, Balance Sheet)
   • Customising reports for UK standards