Unlocking the Power of Accounting and Tax Systems for SMEs
About This Course
Designed specifically for SMEs, this course provides you with practical skills to utilize accounting and tax systems for various accounting activities, from invoicing to expense tracking and real-time financial reporting. Learn how to set up and manage your accounts, optimize cash flow, and generate insightful financial statements. By the end of this course, you'll be equipped with the knowledge to make data-informed decisions that contribute to business growth and sustainability.
This course covers key areas such as accounts payable and receivable, payroll processing, and inventory management, offering you a comprehensive toolkit for robust financial management. Ideal for business owners, accountants, and financial managers, this training ensures you can streamline accounting processes, maintain compliance, and drive business performance, making you an invaluable asset to your organization.
What You'll Learn
- configure and import relevant data to Xero accounting system
- input data to Xero
- compute GST for expenses and invoices
- generate financial and accounting reports
Topic 1. Introduction to Accounting System
Overview of Accounting System
Setup Company
Setup Charts of Account
Setup Bank Account
Import Data to Bank Account
Topic 2. Input Data to Accounting Software
Create Expenses
Create Purchase Order and Bills
Create Quotation, Invoices
Create Credit Memo
Topic 3. Manage Goods and Services Tax (GST)
Singapore Tax and Corporate Laws
Enter GST for Expenses and Invoices
Topic 4. Financial and Accounting Reports
Profit and Loss (P&L) Report
Balance Sheet Report
Aging Report
GST Tax Return Report
Cash Flow Report
Entry Requirements
Knowledge and Skills
• Able to operate computer functions with minimum Computer Literacy Level 2 based on ICAS Computer Skills Assessment Framework
• Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)
Attitude
• Positive Learning Attitude
• Enthusiastic Learner
Experience
• Minimum of 1 year of working experience.
• Minimum 18 years old