Last term, the boys received a Bookkeeping Workshop from Ms Robert, our Business and Communications Officer.
During the session, the students were taught about:
· Cash flow forecasting
· Business planning
o Costing of goods/services
o Estimated purchases
· Self-assessments/cash bookkeeping methods
The workshop then went on to discuss a brief overview of what is required, examples of how to lay out spreadsheets, advising of different software that can be used, for example; Sage Line 50 and QuickBooks. After this, the students were provided with an example of what is required for cash accounting in terms of completing self-assessments, who needs to complete SAs, market research and key terminology used in cash accounting.
It was a thoroughly enjoyable session, packed with lots of crucial and interesting information – thank you again Ms Roberts!