Bookkeeping Course in Singapore
Bookkeeping Course in Singapore
Bookkeeping is the practice of recording and storing any financial transactions or activities for the purpose of confirming individual expenses and monitoring financial flow. With proper and accurate bookkeeping, any inquiries and doubts about spending can be easily traced to the spender. Bookkeeping skills are essential in accounting and finance.
This Bookkeeping workshop is ideal for anyone who would like to gain a strong grasp and improve their Bookkeeping.
All Staff Within An Organisation
The ideal group size for this Bookkeeping course is:
Minimum: 5 Participants
Maximum: 15 Participants
The duration of this Bookkeeping workshop is 2 full days. Knowles Training Institute will also be able to contextualised this workshop according to different durations; 3 full days, 1 day, half day, 90 minutes and 60 minutes.
2 Full Days
9 a.m to 5 p.m
Below is the list of course benefits of our Bookkeeping course
- Understand what a Bookkeeper is
- Acquire the basic skills to perform Bookkeeping task
- Learn how to manage accounting records
- Be capable on managing a business’s debit and credit transactions
- Ability to assess an accounts transaction through the Nominal ledger
- Use the Balance Sheet effectively when assessing company gross earnings and deficits
- Develop the management skills in order to reconcile accounts
- Manage the company’s salary and benefits effectively
- Be more competent in calculating the company’s tax deduction
- Learn how to calculate value added tax
- Learn to draft the month or year-end finances through the use of the Trial Balance
- Learn how to manage a company’s profits and expenses
Below is the list of course objectives of our Bookkeeping course
- Understand the key roles of a bookkeeper
- Learn the basic tasks of a bookkeeper in a given business operation
- Develop basic knowledge on how to manage accounting records
- Gain understanding on how to manage debit and credit
- See the usage of the Nominal Ledger
- Learn how to use the Balance sheet
- Develop the necessary skills to reconcile accounts
- Acquire the necessary skills on how to manage employee salaries and benefits
- Gain the ability to practice effective Tax Deduction
- Address the proper calculating technique in Value Added Tax
- Preparing a trial balance
- Manage profits and expenses effectively
Below is the list of course content of our Bookkeeping training course
- What is a Bookkeeper?
- Task and responsibilities of a Bookkeeper
- How to manage accounting records
- The rules of Debit and Credit
- Using the Nominal Ledger
- How to use the balance sheet?
- Effective Reconciliation of Accounts
- Managing the Salaries Benefits of Employee’s
- Proper ways of Calculating Tax Deduction
- Calculating Value Added Tax of Products
- Creating a Trial Balance
- Balancing Profits versus Expenses
Each participant will receive the following materials for the Bookkeeping course
Bookkeeping Learner’s Guide
Bookkeeping Key Takeaways Notes
Bookkeeping Essentials Ebook
Bookkeeping Course Handouts
Bookkeeping 30-Day Action Plan
Bookkeeping MindMaps Pack
Bookkeeping PPT Slides Used During Course
Bookkeeping Long-Term Memory Flashcards Pack
Bookkeeping E-Learning Course
Bookkeeping Online Video Course
Bookkeeping Essentials Audiobook
Bookkeeping Infographics Pack
Each course participant will receive a certification of training completion
There are 3 pricing options available for this Bookkeeping training course. Course participants not in Singapore may choose to sign up for our online Bookkeeping training course.
Contact us for the latest Bookkeeping course schedules:
Phone: +65 6817 2530
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Post Training Support: A vast majority of training does not have any effect beyond 120 days. To work, training has to have a strong pre- and post-training component. Post-training reinforcement helps individuals to recall the understanding and ask questions.
Blended Learning: Learning does not occur in the classroom. Virtually everybody prefers distinct ways of learning. Successful learning should have a multi-channel, multi-modal strategy.
We Understand The Industry: We’ve got a profound comprehension of the business, business design, challenges, strategy and the that our participants are in and have designed the courseware to cater to their professional needs.
Course Content: Knowles Training Institute’s material is relevant, of high quality and provide specific learning results. Participants will leave the training course feeling as they have gained a strong understanding and will also be in a position to execute what they have learned sensibly.
Course Development — The workshop modules follow a systematic and logical arrangement. This structure helps to ensure that the course material allows the facilitators to deliver the course in a logical arrangement. Consider the subjects as building bricks into learning, our facilitators slowly build towards a comprehensive picture of this entire topic.
Bookkeeping is a job profession of maintaining records of the monetary affairs of a company.
Bookkeeping clerks, or bookkeepers, are usually responsible for some or all of an organisation’s accounts, which is known as as the general ledger. They record all transactional activities and post debits and credits for the respective accounts. They also can produce financial statements and other reports for supervisors.
Examples of Bookkeeping Tasks
- Recording receipts from customers.
- Verification and Recording invoices received from suppliers.
- Repaying suppliers.
- Calculating employees’ pay and related regulatory reports.
- Keeping track of individual accounts receivable.
Here are some basic types of bookkeeping accounts for a small business:
- Cash. It is often identified as an essential account.
- Loans Payable.
- Payroll Expenses.
- Accounts Receivable.
- Accounts Payable.
Bookkeeping is the documentation and recording of financial transactions, whereas accounting is responsible for the understanding, interpretation, classification, analysing, reporting, and compiling the financial data. The differences between bookkeeping and accounting may be hard to discern for the untrained eye.
Neither accounting nor bookkeeping requires hard-and-fast educational requirements. It is easy to find plenty of bookkeepers and even some accountants who hold a high-school diploma and no further than that. In typical cases, however, getting an accounting job needs, in most cases, more education than becoming a bookkeeper.
Basic bookkeeping is the means of recording all business transactions to produce a set of accounting records. Bookkeeping is the beginning of an accounting process which aim is to provide useful accounting information about sales, expenses, assets, liabilities and equity.
Primary Function: The bookkeeper position records financial transactions and generates reports from the summary of the financial transactions information. The process of producing the financial transactions includes posting information to accounting journals or accounting software from source documents: cash receipts, supplier bills, and invoices to customers.
The price of a part-time bookkeeper can vary broadly. Hourly rates for internal, part-time bookkeepers average around $20/hour depending on job description and location. They typically perform primary bookkeeping duties and usually requires supervision and management.
Bookkeeping is an exciting occupation and a job that is in high demand. Bookkeepers deal with the universe of numbers, providing an essential service to businesses and individuals globally. Each day gives a new challenge for bookkeeping specialists which is what makes it such a rewarding career.
To answer the question if QuickBooks will replace your accountant entirely, not so. Although QuickBooks stores and analyses data for you, you still need a human accountant to give reliable financial advice and to follow the latest changes in tax legislation.
The services bookkeepers offer can differ. Some bookkeepers can do payroll and other HR functions for small businesses. This service can include assisting companies with the calculation and generation of paychecks and tax payments for employees.
Stress Is Inherent in a Bookkeeper’s Job.
If you are owning or managing a small business, a bookkeeper might be the sole financial resource. If a company is large, it might have an accounting department. In a huge company, a CFO, tax attorney, and a raft of financial consultants are not uncommon.
How much money does a Bookkeeper earn hourly in the United States? It is US$21 as of March 2020, but the range typically falls between US$18 and US$23.
While many businesses require a bookkeeper simply to maintain the books, bookkeeping will morph into a role that is a lot more than just data-entry, comparing bank ledgers and reconciling bank statements.
A bookkeeper may hold a range of necessary tax skills, prepare accounts and tax returns for sole-proprietorships, and necessary self-assessment tax returns. Many bookkeepers can prepare VAT returns and deal with Pay-As-You-Go (PAYE).
Given the right conditions and knowledge, bookkeeping can be as easy as categorising things perfectly. Is being a bookkeeper hard? Yes. For all busy small business owners, finding the time and energy to maintain the books properly can be a time-consuming and arduous task.
9 Essential Bookkeeping Skills You Need for a Successful Career
- Problem-solving skills.
- Time Management Skills.
- A way with numbers.
- Organisation skills.
- Attention to details.
- Integrity and Transparency.
- Communication skills.
The function of bookkeeping:
Bookkeeping is the process of daily recording of transactions in a consistent way and is a critical component to making a financially successful business. Bookkeeping comprises the recording of financial transactions and posting the transactions from the journal into the ledger using debits and credits.
How does one do bookkeeping?
- Open a bank account. After legally registering the business, use a separate dedicated bank account to deposit the business income.
- Track the expenses.
- Develop a bookkeeping system.
- Set up a payroll system.
- Investigate import tax.
- Determine how one will get paid.
- Establish sales tax procedures.
- Determine the tax obligations.