1. New Bookkeepers:
Many businesses make the mistake of hiring new Accounts staff and then leaving these people to work out detailed procedures on their own. Unfortunately, learning from your mistakes can be very costly in the Accounts department. Failure to invoice customers, repeatedly charging the incorrect VAT rate, or missing out on business grants/relief are common mistakes. In many instances, businesses never see the missed opportunities to improve performance, and pay a high cost for these mistakes.
We train new bookkeepers to run an Accounts department professionally, using the following process:
- Setup fundamental accounting procedures &critical software
- Provide step-by-step guidelines & training notes
- Educate on the tax requirements and implications for your particular industry
- Provide practical training on data input, control checks and running insightful reports
- Provide ongoing support when required
Key traits of a great bookkeeper:
- Positive attitude
- Aptitude and interestin numbers
- Willing to learn
2. Experienced Bookkeepers:
We challenge experienced bookkeepers to rise to higher levels of competence, and show them how to perform as well as SME accountants.
Taking courses such as those for“Accounts Technicians” can help but generally only cover the broad principles of accounting. Most of these courses have few practical examples and usually prove of limited relevance to the specific, detailed needs of the business you work with.
Our training is specifically for SME-type business, and covers areas such as accounting for SME type transactions, best practices, taxation and reporting results. We then provide intensive training in the areas that are relevant to your business, which can include any of the following:
- Educating on the taxes which impact your industry
- Quickly & accurately filing Revenue returns
- Reporting critical numbers
- Reporting management accounts
- Detailed sales & margin reporting
- Controls & checks to prevent errors & omissions
- Managing fixed assets & depreciation
- Dealing with work in progress & stock
- Posting hire-purchase & lease transactions
- Posting accruals & prepayments
- Integration – providing an overview of how all the individual parts are related
3. Finance for non-finance people
“If you approached an employee at your company and asked them:‘ who creates the financial numbers in your company?; what would they say? Odds are, they’d probably point to the Accounting department. Sure, accounting has a lot to do with your company financials, but they don’t really create them. Your employees create the financials through the decisions they make and the actions they take.”
The Great Game of Business
GLT help ALL your employees understand their part in creating your business results.
- Working with your team, we identify the numbers that matter most to your company
- Teach your team how the numbers impact profitability & cashflow
- Gross & net margin
- Cashflow impacts & management
- Structure of the profit & loss account and balance sheet
- Production efficiency
- How day-to-day actions impact business performance
- We help set targets & rewards to drive the business forward
If you are interested to learn more our training services, please contact us.