Advanced Level Course| CIS returns| SAGE Construction Industrial Scheme

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Advanced Level

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Once you have completed Final Trial Balance, you will have learn how to complete payments for contractual employee’s under SAGE Construction Industrial Scheme (CIS).

You will then cover Tax Level 1, where you would learn about how personal taxation works.

As all the courses are progressive courses. The Intermediated Level training includes all the course contents of Advanced Training

Fundamental Training

Candidates will receive a hands-on training and will know how to perform the following tasks:

  • Setting up companies
  • Setting up a company either as a cash accounting scheme or a standard accounting scheme
  • How and when to register for VAT
  • Choosing the chart of accounts that suits the firm's needs and how to customize it
  • How double entry is applied in accounting software and how to customize the nominal ledger and nominal codes
  • Setting up customers accounts
  • Process customers batch invoices, individual invoices and credit notes Suppliers accounts setup
  • Processing suppliers invoices and credit notes
  • Generate reports on invoices due, customer/supplier invoice activity
  • Performing error corrections
  • Allocating payments and receipts of cash in a business Allocating bank payments and receipts
  • Allocating Supplier/Customer Payments and Receipts Performing bank reconciliation
  • Processing the VAT return and reconcile the VAT return Submitting the VAT return to HMRC
  • Knowing how to deal with other VAT issues
  • Performing Debtor Analysis Credit control procedures
  • Candidates will perform Computerised Book-keeping, Bank Reconciliation & VAT Returns for various industry businesses, gaining a greater insight into accounting up to trial balance
  • Candidates will gain strong understanding of how to prepare client's account from incomplete records, using various accounting software
  • Deeper understanding of VAT - Rules of registration and de-registration Reconciliation of VAT, Completing a VAT return.
  • Import and export VAT analysis
  • Calculating VAT for a business with mixed zero-rated and standard-rated sales, combining Sage and Excel
  • Candidates will perform Excel Spreadsheet Book-keeping and Bank Reconciliation Candidates will gain an insight into how to deal with HMRC queries
  • Performing Stock Control using Computerised Book-keeping How to keep a track of Stock movements extract Bill of materials.
  • Candidates will perform sales order processing, purchase order processing and stock reporting.
  • Invoicing from stock and updating stock records
Intermediate Level

In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC.

In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

  • Internal control procedures for tangible fixed assets and cash
  • Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.
  • Posting adjusting journal entries at month end such as Accruals,
  • Prepayments,
  • Depreciations, calculating depreciation using different methods VAT
  • Intercompany transactions and reconciliations
  • Using a Computerised accounting package of your choice. Preparing closing entries
  • Preparing the Final Trial Balance
  • Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet
  • Dealing with HMRC queries and small tax matters
  • Summaries and analyses financial data and produce reports for management purposes
  • Monthly, Quarterly Management Accounts Performing banks reconciliation
  • Learning about VAT management
  • Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year
Additional Contents of Advance Level Training

In the Fundamental level training candidates gain knowledge uptill quarterly accounts & submission of VAT to HMRC.

In addition to tasks completed in Fundamental level, candidates have the opportunity to cover the following in Intermediate level training.

  • Internal control procedures for tangible fixed assets and cash
  • Reconciliation of Control Accounts (Debtors and Creditors Control, VAT, PAYE, Wages, Directors, Bank Loans, Suspense Accounts – etc.
  • Posting adjusting journal entries at month end such as Accruals,
  • Prepayments,
  • Depreciations, calculating depreciation using different methods VAT
  • Intercompany transactions and reconciliations
  • Using a Computerised accounting package of your choice. Preparing closing entries
  • Preparing the Final Trial Balance
  • Producing a classified profit & Loss account and Balance sheet in a Excel spreadsheet
  • Dealing with HMRC queries and small tax matters
  • Summaries and analyses financial data and produce reports for management purposes
  • Monthly, Quarterly Management Accounts Performing banks reconciliation
  • Learning about VAT management
  • Running the year end procedure in Sage line 50 Accounts to close the financial year and start a new financial year
  • This training package is everything you need to demonstrate your competency for the following roles:

  • Finance manager Financial Accountant Management Accountant
  • Accounts payable manager Credit controller
  • Small business Performance Analyst
SAGE CIS

KBM TR is proud to present specialized courses in Construction Industrial Scheme. Be a part of professional network and make your CV stand out with quality training.

  • Understanding what is Construction Industry Scheme
  • How to register for CIS scheme Familiarization of the CIS rules and legislation
  • Different types of CIS Sage CIS activation wizard
  • Completing Company preferences Setting up default Nominal codes for CIS Setting up Subcontractors records Setting up CIS tabs
  • Verify Subcontractors with different methods manually and with the use of Sage 50 CIS.
  • Record work that has been completed by your subcontractors, including any materials used and tax deductions that apply.
  • Entering Subcontractor Invoices/ credit notes
  • Processing Subcontractor payments and deductions
  • Generate your CIS monthly return
  • Submitting your CIS monthly returns to HMRC
  • Generate a monthly statement of tax deductions to give to your subcontractors.
  • Generate your Subcontractor analysis report on monthly and Subcontractor basis
  • Control who can view, create and change your subcontractor records with access Rights and passwords.
  • Ensure you comply with CIS rules and minimize the possibility of incurring penalties from HM Revenue & Customs (HMRC).
  • Store your records ready for an audit by HMRC.
  • Sage CIS Contractor Returns
  • Generating CIS Statements Update on CIS Rules
  • Types of CIS
INCOME TAX - PART 1

In order to equip candidates with the knowledge of income tax computation and tax planning we have developed our income tax courses, which will give candidates the necessary skills and understanding of this topic.

By the end of the course with us you will learn the tax procedures as they should be applied in real life accountancy work.

The training was developed in such way, that candidates will gradually perform more and more complicated calculations This makes the course suitable for anyone.

This is a unique course which will in a few sessions cover the basics of UK income taxation. There will be plenty ofexercises with workings and explanations, and one to one support available too

Candidates have the opportunity to master a manual tax computation, candidates also have the opportunity to cover the following tasks:

  • Understand the history of the tax year Tax return submission and dates Recognise non-taxable income Compute tax liability
  • Understand income tax rates and apply allowances Identify the correct heading under
  • which main sources of income are taxed. Grossing up of savings income and dividends
  • Set out the structured table for computing income tax Calculate tax relief for charitable donations
  • Compute taxable income
  • Employment vs self-employment, case law
  • National Insurance Contribution (NIC) computations – Primary Class 1 and 2, and class 1A
  • PAYE codes and forms explained
  • Benefits in kind principles (vouchers, cars, living accommodation, beneficial loans from employer) Tax-free employment benefits
  • Allowable expenses for tax purposes: Trading income taxation Adjustments of trading profits Capital expenditure versus other expenditure National Insurance Contribution Class 2 and 4 Basis of assessment for trading income Opening year rules for trading income Calculation of overlap profits and ways to relieve it Trading losses optimum use
ADVANCED EXCEL TRAINING

A comprehensive training course with up to date material to practice at home and during your class. We will also provide a step by step manual of all the tricks you can do using Excel spreadsheets to gain better management reporting and budgeting skills.

Whether you're looking for a beginner, intermediate or advanced Excel training program, you won't be disappointed in the end result. You will learn valuable tips and tricks to improve your excel skills. Course contents:

  • Summing Techniques
  • IF, Cell References, Formula Linking,etc
  • New Formulas of Excel 2007 Sumifs, Countifs, Iferror Database Formulas
  • Subtotal (Formulae & Procedure) Tables
  • Macros
  • Look up References (Vlookup, Hlookup,etc) Data Validation
  • Conditional Formatting Date & Time Formulas Charts & Graphs Protection & Security Goal Seek
  • Groupings Pivot Table
  • Pivot Table Charts Hyperlinks Scenario
  • Hlook ups Vlookups
  • Web workbooks Sharing Workbooks

In addition to the Sage 50, Quick Books, Excel Bookkeeping and Sage Payroll, you can also choose 2 additional software from a list of 11 different options.

Optional Modules
Level Courses Products
1 Fundamental Bookkeeping Peach Tree
2 Fundamental Bookkeeping VT Books
3 Fundamental Bookkeeping IRIS BK
4 Fundamental Bookkeeping MYOB
5 Fundamental Payroll IRIS Payroll
6 Fundamental Bookkeeping TAS Books
7 Fundamental Payroll Excel Payroll
8 Fundamental Payroll Quick Books Payroll
9 Fundamental Payroll TAS Books Payroll

Level Courses Products
11 Intermediate Adv. Bookkeeping Cert. OCR Level 2
12 Intermediate ERP Bookkeeping TALLY
13 Intermediate Tax International Trade, UK & Foreign VAT

Level Courses Products
14 Advanced ERP Bookkeeping SAP End User
15 Advanced Accounts VT Accounts
  • GUARANTEED WORK PLACEMENT either in our accountancy practice or with our clients.
  • In-house recruitment facilities
  • Certification on completion provided by KBM Certified Chartered Accountants and Registered Auditors
  • Reference provided by KBM Certified Chartered Accountants and Registered Auditors
  • Counts towards your experience necessary for ACCA, AAT, FIA, CIMA, CIPFA or any other accountancy organisation's memberships
  • FREE complete preparation for the OCR qualification*
  • One to One CV Consultations and Mock Interview Sessions
  • Pre-interview screening tests, increasingly used by employers to select candidates
  • Interview Preparation
  • Job Hunting tips
  • Free Sage or QuickBooks software (Worth over £900)

Each training session has a few candidates delivered in a friendly and relaxing environment, which gives candidates the opportunity to ask questions and raise issues freely. You can be assured that you will receive one to one individual attention from our team.

The 6 Months Intermediate Training is ideal for:

  • Those who have no prior experience or qualification in accountancy
  • Candidates currently studying ACCA, AAT, FIA, CIMA, CIPFA or other accountancy and payroll qualifications but have no practical accountancy and payroll experience
  • Candidates with overseas accounting and payroll experience but not within the UK
  • Candidates new to Computerised accounting and payroll
  • Candidates new to accounting and payroll, looking forward to maintaining their own accounts and payroll records to reduce their costs
Course Attributes
Time Cost Hours Compulsory Modules Optionals Modules Allowed Options
9 Months £ 2,200 288 10 15 3
Compulsory Modules
Level Courses Products Select one
1 Fundamental Bookkeeping Peach Tree
2 Fundamental Bookkeeping VT Books
3 Fundamental Bookkeeping IRIS BK
4 Fundamental Bookkeeping MYOB
5 Fundamental Bookkeeping OCR Level 1
6 Fundamental Payroll IRIS Payroll
7 Fundamental Bookkeeping TAS Books
8 Fundamental Payroll Excel Payroll
9 Fundamental Payroll Quick Books Payroll
10 Fundamental Payroll TAS Books Payroll
Optional Modules
  Level Course Products Select one
1 Fundamental Bookkeeping Peach Tree
2 Fundamental Bookkeeping VT Books
3 Fundamental Bookkeeping IRIS BK
4 Fundamental Bookkeeping TAS Books
5 Fundamental Bookkeeping MYOB
6 Fundamental Bookkeeping OCR Level 1
7 Fundamental Payroll IRIS Payroll
8 Fundamental Payroll Excel Payroll
9 Fundamental Payroll Quick Books Payroll
10 Fundamental Payroll TAS Books Payroll

Level Courses Products Select one
11 Intermediate Adv. Bookkeeping Cert. OCR Level 2
12 Intermediate ERP Bookkeeping TALLY
13 Intermediate Tax International Trade, UK & Foreign VAT

Level Courses Products Select one
14 Advanced ERP Bookkeeping SAP End User
15 Advanced Accounts VT Accounts