Module 1: Introduction

• Explain the course plan
• Introduce the instructors and advisors

Module 2: Fundamentals of Accounting & Bookkeeping

• Understanding the principles of accounting
• Introduce with Asset, Liabilities & Owner’s equity
• Accounting equation
• Understanding the basics of Income & Expenditure
• Payroll management
• Brief discussion on financial reporting 
• Understanding the double-entry bookkeeping system
• Understanding the journal entry
• The job responsibility of a bookkeeper
• The ethical obligations of bookkeeping
• Data security 
• Working accuracy and clarity

Module 3: Understanding the source documents

• Estimate
• Invoice
• Bills
• Debit note
• Credit note
• Bank Statement

Module 4: Introduction to bookkeeping with cloud accounting software

• Discussion about various cloud accounting software
• Basic working process of cloud accounting software
• Understanding the client's documents- Sales, Purchase, Bank Statement 
• Getting CSV format files from various Bank

Module 5: Basic Excel Functions for Cloud Accounting Training

• Data analysis and organise with Excel
• Introduce with CSV format
• Convert PDF to CSV
• Organise CSV file
• Necessary functions of Excel
• Necessary keyboard shortcut 

Module 6: compliance of accounting

• The compliance for individual person 
• The compliance for limited company

Module 7: Bookkeeping with QuickBooks online

Section 1: Introduce Quickbooks online

• Exploring Basic Features of QuickBooks Software
• Understanding QuickBooks Reporting Features
• Company Set-up
• Accounts and Settings 
• Company Settings
• Sales Settings
• Time Settings
• Expense Settings
• Advanced Settings

Section 2: Chart of Accounts

• Set up & manage the chart of accounts
• Customisation with the chart of accounts
• Managing the Balance of Accounts

Section 3: Register on QuickBooks online

• Register as an online accountant for free
• Understanding Quickbooks company set-up
• Adding Clients and Accountants

Section 4: Managing Inventory & Services

• Categorise items as inventory or services for accurate tracking.
• Set up automatic reorder points for inventory items.
• Track the cost of goods sold (COGS) for inventory-based businesses.
• Generate inventory reports

Section 5: Fixed Asset Management with QuickBooks Online

• Create asset accounts for tracking fixed assets
• Record fixed asset purchases and depreciation
• Utilise classes or locations for asset tracking
• Generate reports for asset valuation and depreciation
• Reconcile fixed asset balances with physical inventory

Section 6: Sales Management: 

• Create an estimates 
• Convert estimates to invoices 
• Recording invoices, sales receipts, credit notes & refund
• Track customer information and sales history. 
• Generate sales reports

Section 7: Purchase Management 

• Create purchase orders
• Convert purchase orders to bills 
• Recording Bills, cheque & Supplier credit
• Automate recurring purchases. 
• Track vendor information and purchase history

Section 8: Customer & Supplier Management

• Managing Customers and
• Suppliers management

Section 9: Bank Account Management

• Setting Up Bank Accounts in QuickBooks
• Link a bank account with QuickBooks
• Import bank CSV
• Fundamentals of recording transactions from the bank feed
• Understanding bank register
• Recording transactions from the bank feed
• Add, Match, Find Match & Transfer
• Create and use bank rules for similar transaction
• Bank reconciliation process
• Advanced Bank  Reconciliation Techniques 
• Cause of reconciliation error
• Fixing Wrong reconciliation
• PayPal transactions management
• Handling of TransferWise holding account

Section 10: Handling transactions with multi-currency

• Recording Transactions
• Multi-currency bank transfer
• Handling multi-currency gain or loss

Section 11: Payroll Management

• Setting up payroll 
• Processing payroll entries
• Managing payroll liabilities
• Advanced QuickBooks payroll

Section 12: VAT & Tax Management with QuickBooks

• Setting Up QuickBooks for VAT and Taxes
• Understanding Monthly Tax deadlines (MTD) & VAT timeframes
• Understanding VAT calculations in QuickBooks
• Working with Tax Codes
• Reviewing & Completing VAT Returns

Section 13: Reports & Analysis in Quickbooks Online

• Trial balance
• Profit and loss statement 
• Balance sheet 
• Accounts receivable aging summary 
• Accounts payable aging summary  
• Open Invoice Report 
• Unpaid bills report etc.

Section 14: Adjustment journal entry

• Depreciation related adjustment
• Director’s Current Account (DCA)/ Director’s Loan Account (DLA)
• Employee expense
• Business mileage-related adjustment

Module 8: Xero

Section 1: Introduction to Xero

• How to register for a Xero online free trial step-by-step
• Login with authentication on Xero

Section 2: Xero Settings

• Navigation Panel
• Dashboard Quick Edits
• Digital filing
• How to add information about your business
• How to invite users
• Connecting Apps
• How to add a currency
• How to add payment services (Updated 2024)
• How to amend templates on Xero
• Branding Theme change
• Xero invoice readers
• Default Settings
• How to make changes to financial year settings
• How to set up and use Xero tracking categories
• How to change tax rate settings
• Nominal codes and chart of accounts
• How to use the conversion balances feature
• Adding conversion balances with an example
• Navigation of potential problems and how to solve

Section 3: Adding Contacts and Groups for Customers and Suppliers

• How to add a contact for a customer
• How to add a contact for a supplier
• Adding groups in contacts
• How to import contacts with a CSV file (watch the video)
• Potential problems with contacts and how to solve

Section 4: Products and Services

Section 5: Business Sales

• Sales - How to raise a sales quote
• How to convert a sales quote into a sales invoice
• How to raise a sales invoice with a discount
• How to raise a sales invoice to a customer abroad
• How to set up repeating invoices
• How to raise a sales credit note
• How to set up auto reminders for sales invoices
• Credit control on Xero
• Placeholders
• Online Payments

Section 6: Fixed Assets

• What are fixed assets and depreciation?
• How to add a fixed asset manually
• Create a purchase order for fixed assets
• How to edit the fixed asset register
• Fixed asset register: gain/loss on disposal entry
• Import fixed assets directly

Section 7: Business Purchases

• Bill overview screen change (November 2023)
• How to convert a purchase order (for fixed assets) into a purchase invoice
• How to enter a purchase invoice for inventory
• How to set up a repeating purchase invoice
• Create a credit note for a purchase invoice
• How to mark an invoice as "paid"
• How to remove payment from a purchase invoice
• How to use batch payment and schedule supplier payments
• How to run an aged payables report
• How to see if a purchase order was sent

Section 8: Expenses and Hubdoc

• How to enter expenses on Xero, including mileage claims
• How to add expense claims labels for tracking
• Expense claims user roles
• How to upload receipts with Hubdoc

Section 9: Bank and Reconciliation Process

• How to add a bank account
• How to import a bank statement
• What is a bank reconciliation?
• Why reconciliation is important
• Bank reconciliation process on Xero
• Cash coding explained
• Cash coding
• Manual journal
• Find and recode
• Using cash coding on Xero

Section 10: Projects

• Projects: how to set one up and record time

Section 11: Payroll

• Payroll Overview
• Payroll holiday
• Payroll pension
• Payroll pay items
• Payroll employee settings
• Payroll time off
• Payroll timesheets
• Payroll pay run

Section 12: Value Added Tax (VAT) - GST - Sales Tax

• Article: Sales tax, GST, or VAT?
• VAT reports on Xero

Section 13: Reporting

• Reporting on Xero
• Xero advisor options overview
• Assurance report: a great tool for audit trail

Module 9: Wave Accounting

Section 1: Introduction to Wave Accounting

• Overview of Wave Accounting Software
• Setting Up a Wave Account
• Navigating the Wave Dashboard
• Understanding the Wave Interface

Section 2: Managing Transactions

• Creating and Managing Invoices
• Recording Expenses and Receipts
• Connecting Bank Accounts and Importing Transactions
• Reconciling Bank Transactions

Section 3: Financial Reporting

• Generating Key Financial Reports
• Analysing Profit and Loss Statements
• Understanding Balance Sheets
• Cash Flow Statement Analysis

Section 4: Taxes and Compliance

• Preparing for Tax Time
• Managing Sales Tax
• Understanding Tax Deductions for Small Businesses
• Keeping Compliant with Financial Regulations

Section 5: Advanced Features

• Payroll Management in Wave
• Utilizing Wave for Multiple Businesses
• Wave’s Mobile App for On-the-Go Management
• Customizing Wave for Your Business Needs

Section 6: Practical Application

• Case Studies: Real-World Examples
• Hands-on practice with Wave Accounting
• Troubleshooting Common Issues
• Tips and Best Practices for Efficient Accounting

Module 10: Freelance as a Career

Section 1: Introduction to a freelancing career

• The opportunity of accounting freelancing
• Necessary skills
• Discussion about professional ethics

Section 2: Meet the Global Platforms

• Upwork
• Fivver
• Freelancer.com and others

Section 3: Detailed about Upwork 

• Profile Creation
• Job Search
• Proposal Submission
• Client Communication
• Work Agreement
• Work Progress Tracking
• Payment Handling
• Reviews and Ratings

Section 4: Fiverr

• Gig Creation
• Client Orders
• Communication
• Work Delivery
• Feedback and Ratings
• Payment Processing
• Dispute Resolution
• Promotion and Marketing
• Levels and Benefits

Section 5: Professional Networking

• Linkedin
• Profile Creation
• Networking and Connections
• Job Search and Applications
• Content Sharing and Engagement
• Recruiter Outreach and Messaging
• Skill Endorsements and Recommendations
• Professional Groups and Communities
• Learning and Development Resources