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Description

Accounting for Day-to-Day Transactions: Recording, Controlling and Substantiating Entries

Make routine entries reliable so that period-end closings no longer require last-minute corrections

  • 2 days — 14 h
  • In-person or virtual
  • Intermediate
  • Up to 6 participants

Most anomalies discovered at year-end originate in day-to-day processing: VAT allocated incorrectly, a credit note posted to the wrong account, an expense claim without supporting documentation, matching left undone, bank reconciliations postponed. Corrections then pile up at closing, under time pressure and without a clear audit trail.

Two days to revisit routine entries across the purchases, sales, bank and payroll cycles, embed the related controls and keep accounts substantiated on an ongoing basis. This session focuses on daily processing and self-checks, unlike programmes dedicated to a single cycle or a specific industry.

Learning objectives

  • Record routine transactions across the purchases, sales, bank and payroll cycles
  • Process VAT entries and specific allocation cases
  • Maintain account matching and bank reconciliations on a continuous basis
  • Detect input anomalies using consistency checks
  • Substantiate an account balance with the corresponding supporting documents

What makes this programme different

Entries are posted from real anonymised documents drawn from a range of sectors
A set of anomalies is embedded in a trial balance for the group to detect
Each participant builds their own monthly control checklist

Programme

1Purchases and Overheads Cycle

Getting the entry right from the source document

  • Check an invoice before recording it
  • Allocate expenses and distinguish between capital and revenue items
  • Process credit notes, advance payments and settlement discounts
  • Record expense claims and card-based spending

2Sales and Collections Cycle

Tracking the customer through to settlement

  • Record invoices, credit notes and discounts
  • Post collections and partial settlements
  • Maintain matching of customer accounts
  • Handle unpaid invoices and follow-up action

3Value Added Tax and Bank

The two most frequent sources of anomalies

  • Allocate output and input VAT according to the transaction type
  • Handle cases of non-recoverable VAT
  • Perform a bank reconciliation and analyse open items
  • Record bills of exchange and bank charges

4Payroll, Controls and Substantiation

Accounts substantiated on an ongoing basis

  • Post payroll entries and related staff cost accruals
  • Build a monthly control checklist
  • Analyse abnormal movements in an account
  • Compile supporting documentation for account balances

Who is it for

Accountants and accounting assistants, administrative and finance support staff, and practice staff involved in day-to-day bookkeeping.

Prerequisites

Understanding of double-entry bookkeeping and the ability to post a simple journal entry.

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.