Finance for Software Developers and Resellers
|"Fra Luca Pacioli, the inventor of double-entry bookkeeping…has probably had|
more influence on human life than has Dante or Michelangelo"
|-- Herbert J Muller
Do you need to understand accounting terms and principles to help you with the design, installation and sale of software?|
This course will help you to understand software from the Finance Director's viewpoint - what is important to him - giving you a competitive advantage.
Differences between the balance sheet and profit and loss account
This is a practical course, with lots of examples and case studies. It is also highly participative, so you may wish to bring a calculator!
Accounting terminology: nominal ledger,
general ledger, trial balance,
chart of accounts, accruals, prepayments,
creditors, debtors, capital,
revenue, depreciation and audit trail
Double-entry bookkeeping principles: debits and credits
Opening balances and the trial balance - why it must balance
Purchase ledger and sales ledger
Closing month end and year end
VAT accounts, preparing and reconciling the VAT return
Journals - what they are and when they are used
Control accounts - how to set-up, maintain and reconcile
Integration with payroll system and fixed assets register
Who will benefit?
All IT consultants and resellers involved with the design, implementation and sales of both accounting software and software that interfaces with the accounting system.
Duration: One day
Finance for software developers and resellers is also available as an in-house course.