Course Content 

1. Entering bank receipts and payments
2. Entering customer receipts
3. Making supplier payments 
4. Creating expenses from a bank payment
5. Recording petty cash transactions 
6. Posting payroll journals
7. Bank reconciliation
8. VAT returns
9. Preparing quarterly VAT returns 
10. Printing VAT reports
11. Printing other reports

Company: A2Z Car Hire Ltd

Address:12 Enterprise Park, Milton Keynes, MK14 8PM
VAT Registration Number: GB 123 4567 89
VAT Scheme: Standard Accounting
Financial Year: 1 June 2024 – 31 May 2025
VAT Rate: 20% (Standard)

Scenario

You are the bookkeeper for A2Z Car Hire. The owner, Ms. Chloe Davies, has previously managed the accounts using spreadsheets but has now purchased professional accounting software. You have been asked to take over and complete the bookkeeping for the entire financial year, from entering opening balances to producing the final year-end accounts.

The company is VAT registered under the standard 20% scheme and provides vehicle hire services to both individuals and corporate clients. The business has multiple vehicles, ongoing maintenance costs, advertising, and regular payments for utilities and wages.