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
Day 2 - GST
Day 3 - PAYE and Payroll
Day 4 - Income Tax
Day 5 - Xero and MYOB 

Fundamental Accounting
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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.

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.
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
  • Understanding GST return form.

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
  • Payroll software solutions including Xero Payroll
  • 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)
  • How to fill the IR3 and IR4

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

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.

Pricing Option
​​ 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