SAGE 50 ACCOUNTING

COURSE INTRODUCTION

This training course provides the basic knowledge required to operate the Sage 50 Accounts package. It is an extremely ‘hands-on’ course: delegates will be maintaining ledger accounts, inputting opening balances and processing journals through to production of VAT and relevant management reports. In addition, delegates will cover bank transactions and reconciliation, plus the maintenance and use of the Sales, Purchase and Nominal Ledgers and the Product file including stock control and the production of invoices. In all, it provides a solid background for the day-to-day use of the Sage 50 Accounts package in a commercial environment.

Who Should Attend?

All Accounts staff who need to learn how to use the Sage 50 Accounts accounting package. Note: Participants should be competent in operating a PC.

After completing this course, participants will be able to:

Course delegates will be able to navigate around the key areas within the program and understand the various functions within the program that can be applied to the working environment

Course Content

Programme Basics 
Starting Sage 50 Accounts 
The main programme window 
Modules, windows and views 
Getting help 
Exiting Sage 50 Accounts Getting Started 
Getting started 
Restoring data for the first time 
Setting the financial year 
Backing up for the first time Account Names & Numbers 
Debit and credit 
Double entry book-keeping 
Viewing the accounts list 
Printing the current list 
Viewing and printing Nominal List report 
Account ranges 
Changing account names 
Control accounts Bank Entries 
Bank Receipts 
Bank Payments Financials 
The financial state of the company 
The Trial Balance report 
The Profit and Loss report 
The Balance Sheet
Customers 
The Customers module 
Entering a new customer 
The Customer Record Wizard 
Adding more customers 
About selecting customers 
Editing customer details 
Customer delivery addresses 
Customer address lists 
Suppliers Service Invoices 
The Invoice window 
Service Invoices 
Printing invoices 
Updating ledgers 
Viewing customer and invoice information 
Re-printing the invoice Products 
Products 
Adding new products 
The Product Record window 
Non-Stock and Service items Stock Control 
Stock adjustments in 
Stock adjustments out 
Stock returns 
Product activity 
Stocktaking 
Re-order levels 
The Product Dashboard Product Invoices 
Product Invoices 
Adding an invoice with a customer delivery address 
Adding a further invoice 
Mix and match invoicing
Printing the invoices  Changing an invoice  Updating the ledgers  Adjustments in Product Credit Notes Reviewing your Accounts  The financial state of your company Sending Statements  Customer Dashboard  Account balances  Aged debtors analysis  Statements Customer Receipts  Customer Receipts  Automatic allocation of receipts  Manual allocation of receipts  Partial allocation of receipts  Giving a discount  Payments on account  Customer Activity Purchase Invoices  Supplier details  Batch invoices  Supplier account balances Supplier Payments  Payments to suppliers  Making a payment  Printing remittance advice notes  Printing cheques  Supplier activity More about the Nominal Ledger  Journal entries  Nominal code activity
 Nominal Ledger Graph  Nominal records More about Bank Accounts  Bank transfers  Combined payments  Petty cash transactions  Bank Reconciliation Recurring Entries  What are recurring entries?  Adding new recurring entries  Adding a receipt  Adding journal credits and debits recurring entries  Setting up a bank transfer recurring entry  Editing an entry  A recurring entry processed weekly  Processing recurring entries  Suspending postings  Deleting recurring entries VAT Returns  Notes on VAT returns  Producing a VAT return  VAT adjustments  Printing the VAT return  Reconciling the VAT transactions  Updating the VAT account references Simple Reports & Information  Information  Reports