Description
To deepen the understanding of the financial data recorded digitally and how to interpret it for accurate MTD reporting. Students will also be introduced to key accounting principles and the basic financial statements that underpin the quarterly submissions and annual tax return.
What you will learn
- Overview of digital accounting software, excel and bridging software
- How to generate key accounting reports and understand what they mean
- Understanding aged debtors and aged creditors
- Understand the difference between a balance sheet and a profit and loss
- How to check your accounting data
- How to connect your software to HMRC to file MTD returns
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