Small business accountant
An 8-step path to accounting for small companies and household businesses: accounting principles, source documents and e-invoices, bookkeeping in software, VAT, personal and corporate income tax, payroll and insurance, financial statements, a full quarter of books, then assessment and getting work. Suits careful, numbers-loving people who may offer accounting services.
Start here
Step 1: Accounting principles & chart of accounts
One short lesson per step, 10–15 minutes on a phone. No sign-up needed.
Hands-on roadmap
Roadmap
- Step 1Lesson
Accounting principles & chart of accounts
Assets and equity, debits and credits, the chart of accounts for small and medium firms under the current accounting regime; differences between companies and household businesses.
- Step 2Skill
Source documents, e-invoices & filing
Receipts, payment and stock vouchers, contracts; issuing and checking e-invoices, looking up purchase invoices on the tax authority portal; when to adjust or replace a wrong invoice.
Requires: Accounting principles & chart of accounts
No English content for this step yet.
- Step 3Skill
Bookkeeping in accounting software
Setting up master data and opening balances, entering purchases, sales, inventory, cash and fixed assets in common accounting software; reconciling bank statements and receivables or payables.
Requires: Source documents, e-invoices & filing
No English content for this step yet.
- Step 4Skill
Filing VAT, personal & corporate income tax
Monthly or quarterly VAT returns, personal income tax finalisation, provisional and annual corporate tax; e-filing on the tax portal, deadlines and late penalties; non-deductible expenses.
Requires: Bookkeeping in accounting software
No English content for this step yet.
- Step 5Skill
Payroll, insurance & labour contracts
Timesheets and Excel payroll, social, health and unemployment insurance contributions at current rates, withholding personal income tax, family deductions and salary payment records.
Requires: Filing VAT, personal & corporate income tax
No English content for this step yet.
- Step 6Skill
Closing the books & financial statements
Period-end entries for depreciation, allocation and profit transfer; preparing the balance sheet, income statement and cash flow statement; cross-checking figures before submission.
Requires: Payroll, insurance & labour contracts
No English content for this step yet.
- Step 7Project
Keep a full quarter of books for a sample firm
From the documents of a small trading company: record 3 months, run payroll, file the quarterly VAT return, close the books and report, noting the errors you found.
Requires: Closing the books & financial statements
No English content for this step yet.
- Step 8Assessment
Skills test & getting accounting work
Tests on journal entries, finding errors in tax returns and a tax quiz; prepare a general accountant CV, a full-service accounting quote and keep clients with tidy monthly reports.
Requires: Keep a full quarter of books for a sample firm
No English content for this step yet.
