Accounting and Tax 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 and Budgeting
Day 2 - GST
Day 3 - PAYE and Payroll
Day 4 - Income Tax
Day 5 - Xero
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
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.
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 business owners and students:
Exactly the kind of accounting knowledge I need for my business. Teachers are nice and extremely professional, not only within the accounting field and also gave us lots of business strategies. A+++ Recommended! - Roman from Jeek Film & Media
All the 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
After five days of the study, it made me I realise that I would actually need to make quite a lot of changes in the way I manage my company’s financials and taxes. I wasn’t very sure if the courses would be helpful to me, but after taking them, I found that the courses are actually very helpful, and they taught some very practical stuff. I highly recommend the courses. - Mr Zhang from Sunny Land
The courses are well designed with a lot of practical stuff. The teachers are very professional and the environment there is very clean and comfortable. I’ve learnt a lot of useful knowledge and skills that I couldn’t learn from uni. And I think they will be really helpful to my future career and I would also recommend it to my friends. - Ray C from the University of Auckland