Operations and FinanceOP 101

Bookkeeping and GST Basics for Small Businesses

Clean books, daily sales reconciliation and what GST registration means for a small business.

A laptop showing a financial dashboard beside a calculator and printed reports
Duration
2 Day, 16 hours
Level
Foundation
Mode
Classroom
Class size
Up to 20 learners
Certification
Certificate of Completion

Who Should Attend

Owners, managers and admin staff of small businesses who keep the books or work with an external accountant.

Entry Requirements

Minimum qualification
GCE 'N' Level, Nitec or equivalent
Language
Able to listen, speak, read and write in English
Prior skills
Basic spreadsheet skills, such as entering data and simple formulas

If you do not meet the minimum qualification, we may still accept you based on your working experience. Contact us before you register.

Learning Outcomes

By the end of the course, you will be able to:

  • Record sales, purchases and expenses using double-entry principles
  • Reconcile daily POS sales against cash and bank deposits
  • Manage supplier invoices and payments so month-end closing is on time
  • Explain when a business must register for GST and how input and output tax work
  • Prepare the records your accountant needs for GST returns and the annual audit

Course Outline

Day 18 hours
01Bookkeeping basics3 hours

Accounts, double entry and the chart of accounts for a small business.

02Daily sales and cash2.5 hours

POS reports, cash counts, card and e-payment settlements, and bank deposits.

03Suppliers and purchases2.5 hours

Invoices, credit terms, payment runs and supplier statements.

Day 28 hours
04Month-end closing2 hours

Accruals, stock counts and a month-end checklist.

05GST essentials3 hours

Registration, input and output tax, and the records needed for quarterly returns.

06Working with your accountant1 hour

What to hand over, when, and how to prepare for an audit.

07AssessmentFinal session2 hours

See the assessment section below.

Assessment

Method

A month of sample transactions recorded, reconciled and summarised, and a written quiz on GST.

When

Final session, 2 hours

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