• Course time:

  • Batch 1: Monday to Friday Morning: 7:30 a.m. to 9:30 a.m.

  • Batch 2: Monday to Friday Morning: 10:30 a.m. to 12:30 p.m.

  • Batch 3: Monday to Friday Evening: 6:00 p.m. to 8:00 p.m.

  • Batch 4: Week End Saturday: 8:00 p.m. to 12:00 p.m.

COURSE BRIEF DESCRIPTION

SOME AREAS TARGETED:

• Handling source document understanding, filing and organizing

• Recording transactions

• Understanding how each entry is made in books from source document and how it finally affects Balance Sheet figures

• How to handle payroll records and documents

• Government records with specific emphasis on  RST, GST/HST, Payroll Tax and WSIB

• Bank reconciliation

• Year end cut off analysis

• Computer inputs and how to use it for accounting and bookkeeping

• Homework and assignments

• Introduction to Excel and QuickBooks; and its use in bookkeeping

• Government and other business online resources and how to use these

OUR "TOB" APPROACH:

SIMULTANEOUS

TOP DOWN (from Balance Sheet going down), ON THE WAY and BOTTOM UP (from source document going up) system.

TOP DOWN means that we will keep Balance Sheet in sight at all times and will explain how amounts appearing in it links all the way down to the original source document with each new transaction.

ON THE WAY means that we will teach you how all the documentation should be organized, what you should do on daily, weekly, monthly, quarterly and annual basis, how accounting is done, what returns have to be filed, when they have to be filed, and so on.  We will also show you how to communicate with various government agencies and what you should expect from them.

BOTTOM UP means that we will teach how each source document converts in to a transaction and how it links all the way up, step by step, to the figures in Balance Sheet.

Entry Requirement:

The course is open to anyone who is interested in gaining knowledge about most bookkeeping tasks starting from receiving source documents and ending in preparation of Trial Balance.  The student does not require any prior training in accounting and may be a school drop-outs, high school graduates or even students who have bookkeeping knowledge but require practical knowledge.

DOCUMENTS REQUIRED:

Completed Admission/Registration Form

Course Description

An intensive course which will provide the trainees/students the necessary skills and practical knowledge needed to become bookkeeper and either gain employment directly in the growing business world or provide bookkeeping and basic payroll services to small size business and professional accountants. The practical-based curriculum prepares an individual to work in performing bookkeeping and payroll tasks given to him/her. The students receive classroom instruction and hands-on practice with real life documents and sources. The study offers an in depth experience of the various PRACTICAL PROCEDURES in bookkeeping and payroll combined with the regular learning.

Course Content

The course will include the following:

v  DOCUMENTATION:

       The students will be introduced and made familiar with the following documents:

§  PURCHASES:

§  Invoices

§  SALES:

§  Invoices

§  BANKING:

§  Bank Statements

§  Cheques

§  Deposit Book and deposits

§  FINANCIAL STATEMENTS:

§  Trial Balance

§  Introduction to Income statement

§  Introduction to Balance sheet

§  GOVERNMENT RETURNS:

§  GST/HST

§  RST

§  Payroll

§  WSIB

§  ONLINE GOVERNMENT AND BANK RESOURSE:

§  Incorporations

§  Business Number

§  GST/HST Registration

§  RST Registration

§  Electronic Bills

v  PRACTICAL WORK (“TOB “ APPROACH)

       TOB APPROACH =

§  T = How Top Level Final Financial Statements links downward to the source document

§  O = what happens ongoing in between the TOP and BOTTOM stages of bookkeeping and accounting

§  B = How Bottom Level source documents link upward to Final Financial Statements

       THE STUDENTS WILL PERFORM FOLLOWING PRACTICAL WORK WITH REAL LIFE DOCUMENTS:

§  RAPID CALCULATIONS:

§  Rapid financial figure calculations including GST, RST, Payroll, Accounts receivable, Accounts Payable and Trial Balance.

§  PURCHASES:

§  Introduction to Quotations and Estimates

§  Introduction to Packing slips.

§  Identify, familiarize, understand and organize various formats of Invoices used in different business and how to record these in the accounting books.

§  Organize, track and pay Accounts payable.

§  RST, GST charged and exempt purchases and exemption eligibility and requirements.

§  SALES:

§  Introduction to Quotations and Estimates

§  Introduction to Packing slips

§  Identify, familiarize, understand and organize Invoices

§  Organize, track and receive payments from Accounts receivable.

§  RST, GST charged and exempt sales and exemption eligibility and requirements.

§  BANKING:

§  Bank Statements

§  Cheques

§  Bank Deposit Book and money deposits

§  Payments directly from bank for various expense and government taxes

§  Bank statement review and fraud prevention (Basic)

§  Bank reconciliation (Basic)

§  FINANCIAL STATEMENTS, TRIAL BALANCE AND ADJUSTMENTS:

§  Trial Balance

§  Income statements (Introduction))

§  Balance sheet (Introduction)

§  Year end cut off procedures and adjustments (Basic)

§  Cash to Accrual accounting conversions

§  Cost of goods sold and yearend inventory (Introduction)

§  Depreciation and amortization (Introduction)

§  SPECIAL PERIODIC CALCULATIONS:

§  GST:

§  Calculations like input Tax Credits, GST collectible on sales, Amounts payable/Refund receivable and method of payments

§  RST:

§  Calculations like RST collected on sales, adjustments, , compensation , net amount payable and method of payments

§  PAYROLL:

§  Calculating amounts like Gross Salary, Deductions, Government remittances and method of payments.

§  GOVERNMENT RETURNS FILING:

§  How to complete, when, where and how to file following government returns:

§  GST/HST

§  RST

§  Payroll

§  WSIB

§  EXPENSES:

§  Review, organize, pay and record expense bills like:

§  Telephone

§   Hydro

§  Insurance

§  Advertising

§  Vehicle running and maintenance

§  Professional fees

§  Gas

§  Utilities

§  Payroll

§  Financial charges

§  Office expenses and others.

§  GOVERNMENT ONLINE RESOURCE (INTRODUCTION):

§  Familiarize with government online web site resource and how to use it for various tasks like:

§  Filing various returns and registrations online like Business Number, GST/HST, and Payroll etc.

§  Checking Status of various taxes

§  Checking  account balances

§  Download and use online calculators and tables.

§  How to get government contact information

§  COMPUTER APPLICATIONS (INTRODUCTION):

§  Introduction and use of following computer applications to perform the bookkeeping and accounting functions:

§  Microsoft Excel

§  Intuit QuickBooks

Course Outcome

The students will become Bookkeeper by gaining enough hands on learning and experience and engage in any one of the following areas of employment:

v  Gain employment in small businesses as a Bookkeeper.

v  Provide Bookkeeping service on periodic basis to small sized clients on contract basis.

v  Get sub contracts from Chartered accountants, Certified General Accountants and other service providers for their clients for Bookkeeping services.