The Training Place of Excellence

07/10/2025

Happy 'World Teacher's Day'!

A big THANK YOU to our all of our teachers around the country.

“Every great achiever was inspired by a teacher.”

26/09/2025

A big thank you to Marina Ahmad AM for visiting our centre and speaking to the learners about her role on the London Assembly and the importance of using your voice for change!

26/09/2025

Have a go at a question on the extended trial balance by reading our latest blog!

Can you complete the extended trial balance below? Pay close attention to the adjustments! AAT Level 3 | The Training Place

23/09/2025

Congratulations to Oscar, who scored 100% on his AAT Level 2 EPA interview!

Well done Oscar!

22/09/2025

Read our latest blog post on irrecoverable debt:

Many businesses sell their goods and services on credit and this gives rise to the riskof one or more customers not paying after they have received the goods or services.This may not be a regular occurrence in businesses, but where the goods or servicesof a business are offered to its clients on cre...

19/09/2025

Read our latest blog post on the de minimis limit:

A business cannot normally recover input tax on VAT exempt supplies. However, if the exemptinput tax is below the de minimis limits it can be treated as fully taxable and so, the full input taxon exempt supplies can be reclaimed. Where the exempt input tax is insignificant it can be treated as if it...

12/09/2025

Read our latest blog on payback periods:

The payback period is the length of time it takes to recover the amount of cash inflow investedinto a capital project. It is the time it takes the cash inflows from a capital investment project toequal the initial cash outlay. It is usually expressed in years. It is a way of assessing the viability....

10/09/2025

Think you know the difference between capital and revenue expenditure? Test yourself with our latest blog!

Capital expenditure occurs when a business spends money in purchasing non-current assets for the business operations or when it spends money in adding value or improving an existing non-current asset. This will include delivery and legal costs in acquiring the non-current assets. Non-current assets....

08/09/2025

Read the final blog in our series on labour costs!

A bonus payment is an extra payment made to an employee as a reward. The basicprinciple of a bonus payment is that the employee is rewarded for any additionalincome generated or savings in cost to the organisation. Bonuses may be paid to employees for a variety of reasons. An individual employee, ad...

05/09/2025

Read the continuation of our labour costs blog series!

This gives the employee some security if the employer does not provide enough workin a particular period. The way that system works is that if an employee’s earnings forthe amount of units produced in the period are lower than the guaranteed amount thenthe guaranteed amount will be paid to the emp...