Accounting and tax training course

If you are already running a business or about to start one, you’ll learn the fundamentals to successfully use Xero Accounting software to manage your accounts.

Total of 30 hours.

This course is designed for:

Small business owners or managers
Individuals managing business accounts
Accounts people who would like to upskill and gain a qualification

Course Content:

Day 1 - Fundamental Accounting

Day 2 - GST

Day 3 - PAYE and Payroll

Day 4 - Income Tax

Day 5 - Xero and MYOB

Fundamental Accounting and Budgeting

 

Course outline

An introduction to accounting
Understanding balance sheets
Understanding the accounting equation and double entry
Basic concepts of accounts payable and accounts receivable
Understanding financial statement
Learn to prepare budget

Key benefit

Gain a fundamental knowledge of business and personal accounting. Understand Balance Sheets, Profit and Loss statements. Whether you're a sole proprietor looking to manage your business finances or you simply want to gain an understanding of accounting basics for career advancement, this course will give you a solid foundation in financial matters.

GST

Course Outline

An introduction to GST.
How to register for GST: Required information, taxable periods, different company methods
Understanding the input GST and output GST
Learn to prepare GST return

Key benefit

You’ll be able to confidently understand how GST works in New Zealand, prepare returns and calculate GST liabilities.

PAYE and Payroll

Course Outline

Different types of employees (i.e casual, part time, full time, contractors)
Payroll legislation, PAYE and other tax obligations
Setting up Xero Payroll including creating payroll calendar reminders and managing annual leave
Annual leave, sick leave, bereavement leave and parental leave entitlements
Deductions – student loans, child support, court fines
ACC – what you have to do if an employee is injured at work
Employee time recording, pay adjustments
Annual leave and holiday pay calculations
Dealing with KiwiSaver and employer superannuation schemes (employer and employee contributions)
Inland revenue penalties
Creating payroll and PAYE returns for Inland Revenue

Key benefit

This course would help you get your payroll right and save time managing payroll and PAYE returns.

Income Tax

Course Outline

Understanding the income tax for individual and company
Calculating the provisional tax (different methods)
Learn to prepare IRD IR3 and IR4 income tax returns

Key benefit

Learning all the latest income tax changes, tax tips and how to maximise tax returns. By the end of the course you will understand the tax consequences of all income types, personal services income, foreign income; allowable deductions including motor vehicle, travel and applying depreciation; investment income including rental properties and capital gains, all available tax offsets and residency implications for tax purposes.

XERO

Course outline

Introduction to XERO Accounting software
How to prepare bank reconciliations
Processing sales and invoices
Entering purchases and bills
Customer relationship management within XERO software
How to prepare financial statements and understand XERO reporting
Understanding the chart of accounts in XERO
Using XERO Payroll

Key benefit

By the end of the course, you will gain the fundamental knowledge to successfully use Xero to manage your business accounts. On successful completion of this course you will also receive a Certificate in Xero Accounting.

BONUS: A free demo version of XERO is provided for you to successfully complete this course.

Feedback from our students：

Exactly the kind of accounting knowledge I need for my business. Teachers are nice and extremely professional, not only within accounting field and also gave us lots of business strategies. A+++ Recommended! - Roman from JIS Photo Studio

All topics discussed in this short course are very practical and useful. In a small group learning environment, we had a lot of opportunities to ask questions and discuss the course materials in real life situations so that learning is effective. Highly recommend this course to business owners and individuals who would like to learn the practical key aspects in accounting and taxation. - Mary from QM Construction

Accounting and Tax Course