Training plan for your offshore Accountant

Topics include practical training 

• Company Policies and Procedures
• HR Manual, Leave Policies and Holidays
• Briefing by IT team on BOSS IT Policy and Data Security
• Practical Training – Introduction
• Tax filing basics
• Income to be declared
• Procedure of processing jobs
• Ordinary Income and Statutory Income and deductions
• Capital Gain and related provisions
• Non Assessable Trust Income
• Software Training (Handi Ledger and Tax; Banklink; MYOB Account Right)
• Assessment/Discussion – all days 30 to 45 mins with Senior Accountants
• Training Jobs – all days – Individual TRs –
• Tax Packs (Labels not covered above) both main and Supplement
• Partnerships and Partners Basics
• Trust basics, Beneficiaries, Distribution etc.
• Sale of Property
• Rental Income and Deductions
• PSI, Business Incomes ad Deductions, Non-Commercial Business Loss.  
• Non-commercial business losses
• Individual Tax return Deductions except for the above two
• Tax Offset, Medicare Levy, Medicare Levy Surcharge, HELP, Temporary Flood Levy, Reduction of Tax free Threshold
• Medicare levy, HELP and Tax free threshold
• Software Training (MYOB AO, AE, Sol6; Xero)
• Assessment/Discussion – all days 30-45 mins with Senior Accountants
• Training Jobs – all days – Individual, Partnership and Trust Financials and TRs – 
• Company Basics
• Imputation System, Franking account Etc.
• Division 7 A
• Concessions for SBEs
• Uniform Capital Allowances
• Uniform Capital Allowance – Special Rules
• Capital Works Deductions
• GST
• Fuel tax Credit
• Fringe Benefits Basics, Practical Side
• Meal entertainment
• Software Training (CCH i-Firm; Reckon Elite; MYOB Essentials)
• Assessment/Discussion – all days 30-45 mins with Senior Accountants
• Training Jobs – all days – BASs, FBT workings and TRs and Company Financials and TRs 
• SMSF-Basics
• BGL-Simple Fund-How it works?
• SMSF -Managed Investments
• SMSF -Accepting Contributions
• SMSF-Access to Super
• Superannuation Guarantee, Salary Sacrifice, Super Guarantee Charges
• SMSF -Tax pension and CGT
• SMSF -Govt Co contribution and Excess contribution
• SMSF -Winding up
• Software Training (BGL; BGL360; Class)
• Assessment/Discussion – all days 30-45 mins with Senior Accountants
• Training Jobs – all days – SMSF Financials (BGL) and TR (BGL and others) 

• Induction Formalities
• Company Policies and Procedures
• HR Manual, Leave Policies and Holidays
• Briefing by IT team on BOSS IT Policy and Data Security 
• Practical Training – Introduction
• Clients’ procedures of processing jobs with live case
• Introduction to Software and add-ons (MYOB Essentials, MYOB AR, QuickBooks and XERO)
• Assessment/Discussion – all days 30 to 45 mins with Senior Accountant
• Training Jobs – all days – Bank Feeds and Bank Reconciliation – 4 hours

• Basic Functions and Features 
• Setting-up Bank Feeds

• User Management

• Contacts – adding a contact and create a group

• Inventory

• Fixed Assets

• Bank Reconciliation

• Journal Entries – Posting and importing manual Journals

• Training Jobs – all days – Bank Feeds, Bank Reconciliation – 4 hours

• Spend Money: Purchases
• Creating purchase accounts, items, vendor/supplier cards
• Updating invoices, payments and sending remittance advice
• General follow-up procedures and regular reporting with live client examples
• Accounts Receivable
• Receive Money: Sales
• Creating sales accounts, items, customer cards
• Updating invoices, payments and sending receipts
• General follow-up procedures and regular reporting with live client examples
• Payroll
• Set-up categories
• Updating employees, wages, leaves, overtime and Super there-on
• Process, Pay and Report to Tax Office 
• Payslips, Group certificates and other reports 
• Training Jobs – all days – Bookkeeping job with payroll, accounts payable and receivable 

• Performance Reports – Profit and Loss Statement, Balance Sheet, Cash Flow Statement, and others

• GST Reporting – Cash and Accrual

• ATO Provisions – Detailed

• Goods and Service Tax – GST

• Pay as you go Instalments – PAYG I

• Pay as you go withholding – PAYG W/H

• Fuel Tax Credits – FTC

• Fringe Benefit Tax – FBT

• Superannuation Guarantee Contribution – SGC

• Reportable Employee superannuation Contribution – RESC

• BAS Preparation

• Assessment/Discussion – all days 30-45 mins with Senior Accountants

• Training Jobs – all days – Bookkeeping job –