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Accounting Essentials for Small Businesses | Fully Funded Course


Pitman Training Essex and Suffolk

Summary

Price
Free
Funding options

Funded places are available for eligible adults.

  • Aged 19+
  • Live or work in Essex
  • No existing maths...
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification
Certificates
  • Hard copy certificate - Free

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Location & dates

Location
Address
Pitman Training - Chelmsford
2 St Johns Court, Moulsham Street
CHELMSFORD
Essex
CM20JD
United Kingdom

Overview

This course is designed to provide new business owners and self-employed professionals with foundational knowledge and skills in accounting.

This course aims to empower participants with the understanding necessary to effectively manage their business finances, including key mathematical concepts and ratios.

This course is delivered as an interactive seminar, with a mix of lectures, practical exercises, and case studies to ensure participants can apply the concepts learned to real-world scenarios.

Handouts and resources will be provided for further self-study and reference.

Certificates

Hard copy certificate

Hard copy certificate - Included

Description

Introduction to Accounting and Bookkeeping

• Overview of accounting principles

• The importance of bookkeeping

Setting Up Your Accounting System

• Setting up a chart of accounts

• Understanding double-entry bookkeeping

Recording Financial Transactions

• From transaction to financial statements

• Introduction to accounts receivable and accounts payable management

Financial Reporting Basics

• Understanding the balance sheet

• Understanding the income statement

• Introduction to cash flow statements

Payroll Fundamentals for Business Owners

• Legal requirements and setting up payroll.

• Calculating deductions

Key Mathematical Concepts and Ratios

• Liquidity and Profitability ratios

• Efficiency ratios

Managing Business Finances

• Budgeting and financial planning

• Cash flow management strategies

• Improving profitability and efficiency


This course is funded by Multiply and is exclusive to residents of Essex. Terms and conditions apply.

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.