Accounting Fundamentals for UK Small Businesses

Master essential accounting principles and practices tailored for UK small businesses, covering everything from setting up your books to managing VAT and interpreting financial statements.

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Accounting Principles and Setting Up Your System

Unit 1: Core Accounting Principles for UK SMEs

Unit 2: Choosing the Right Accounting Software

Unit 3: Structuring Your Chart of Accounts

Recording Business Transactions and VAT Management

Unit 1: Recording Sales and Purchases

Unit 2: Expense Recording and Payroll Basics

Unit 3: VAT Management for UK Businesses

Unit 4: Financial Record-Keeping and Internal Controls

Financial Statements: Preparation and Interpretation

Unit 1: Profit and Loss Statement (Income Statement)

Unit 2: Balance Sheet

Unit 3: Cash Flow Statement

Payroll Accounting and Compliance

Unit 1: UK Payroll Fundamentals

Unit 2: Payroll Calculations and Deductions

Unit 3: Payroll Reporting and Compliance