Course Description

The course is about how to do a bank reconciliation on excel and how to complete a UK VAT return on excel.

We'll cover terminology such as bank rec, nominal codes, VAT (codes and rates).

The course will take approx 1 hour to complete.

The course is structured in such a way to show you how to do bookkeeping using an excel template. This template is included to download so that you can have a go at using this yourself.

The template is a cashbook, and the bookkeeping is done on a cash basis. The template is in the form of a Microsoft Excel spreadsheet, version 2003, thus you will need Excel 2003 or a newer edition (2007, 2010...) in order to open the spreadsheet.

Once the bookkeeping is done, these figures can then be used to complete the VAT return. The VAT return is based on the UK laws and rules. The course shows you how to use the figures to do the VAT return.

The template has codes embedded which are the nominal codes. The course covers what nominal codes are and how they work with the template.

There is a worked example of a bank reconciliation.

It's an ideal course if you are working in the accounts / finance department and/or if you are thinking of embarking on a career in accountancy or bookkeeping and part of your requirement is to run the VAT return or do the bank rec and report back to the owners of the firm.

If you are thinking of starting your own business and want to understand how to do a bank rec and VAT on excel, then this course is for you.

If you have already began a business, and want a simple, effective method to do your bookkeeping - then this course is for you.

You need to know how to navigate around excel - a basic level of competence is needed. The template is sufficient for you to use in your own business. If you're comfortable with excel and prefer to do your books on this system, and not a specific accounting software, then you'll find this course useful.

Serial author and entrepreneur

Lisa Newton

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible. Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals. In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

Course curriculum

  • 1

    Lecture 1 Introduction

    • Lec 1

    • Template for the course
  • 2

    Lecture 2 Intro to the fictitious company example - Flower Power

    • Lec 2

    • Flower Power Bank staement
  • 3

    Lecture 3 Background to VAT in the UK

    • Lec 3
  • 4

    Lecture 4 Skeleton template explained

    • Lec 4
  • 5

    Lecture 5 Flower Power - income entered

    • Lec 5
  • 6

    Lecture 6 Input opening and closing balances

    • Lec 6
  • 7

    Lecture 7 Inputting a payment onto the spreadsheet

    • Lec 7
  • 8

    Lecture 8 Flower Power expenses entered

    • Lec 8
  • 9

    Lecture 9 Bank Reconciliation

    • Lec 9
  • 10

    Lecture 10 VAT return on excel

    • Lec 10

    • Cashbook - June 2015
  • 11

    Lecture 11 Enter income - month 2

    • Lec 11
  • 12

    Lecture 12 Enter opening and closing bank balances for July

    • Lec 12
  • 13

    Lecture 13 Enter expenses - month 2 (July)

    • Lec 13
  • 14

    Lecture 14 Continuing to enter expenses

    • Lec 14
  • 15

    Lecture 15 How to deal with Credit Cards

    • Lec 15
  • 16

    Lecture 16 Month 2 - Bank reconciliation

    • Lec 16
  • 17

    Lecture 17 Month 2 - VAT Return

    • Lec 17

    • VAT completed for July2015 - answer
  • 18

    Lecture 18 How to organise your paperwork

    • Lec 18
  • 19

    Lecture 19 Next steps

    • Lec 19