Introduction to Business Accounting for Self-Employed (BASE)

Introduction to Finance

We focus on the self-employed business structure and explore the statutory requirement for a small business to report, using the cash (income and expenditure) basis of accounting.

Aim:

To gain an understanding of the statutory responsibilities for keeping and reporting business activity for a small, self employed business.

Course content:

• What is self employment
• Record keeping
• What needs to be reported, to who, and when
• Establishing a system for cash reporting.

Objectives:

  • By the end of the programme you will:
  • Understand basic financial terminology associated with business income and expenditure
  • Appreciate the requirement to keep accounts for reporting results
  • Be more confident when dealing with finance and accountants
  • Make better decisions

Duration:

Usually delivered as a 1-day workshop. Other options are available to suit.

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