Sage 50 Accounting (Level 1) Seminar

This course is recommended for business owners who have just purchased Sage 50 Accounting and want to set up their company file, job seekers, accounting firms staff members, or those who wish to become more knowledgeable in Sage 50 Accounting. 

Course Outline – Sage 50 (Simply Accounting) Level 1

This is an introduction to accomplishing accounting tasks using Simply Accounting. Students will begin with a company file and enter transactions for the general ledger, accounts receivables, accounts payable, inventory, and managing capital expenses. This course will review some accounting fundamentals as they relate to the transaction at hand.

Introduction

• What is Simply Accounting?
• Starting Simply Accounting
• Selecting a Set of Data Files
• Looking at the Simply Accounting Home Window
• Understanding the Chart of Accounts
• Saving Changes
• Company Information
• Printing the Chart of Accounts
• Understanding the Session Date
• Accounting / Non-Accounting Terminology
• General Module Linked Accounts
• General Journal Transactions
• Recurring Transactions
• Adjusting and Reversing General Journal Entries
• The General Journal Report
• Backing Up Simply
• Accounting Data Files
• Exiting Simply Accounting

Accounts Payable

• Creating & Modifying Vendors
• Setting Up the Shippers List
• Payables Module Linked Accounts
• Purchasing Inventory on Account
• Non-Inventory Purchases
• Purchases With Immediate Payment
• Recurring Entries
• Purchase Orders
• Filling a Purchase Order
• Creating a Purchase Invoice from a Purchase Order
• Viewing, Adjusting & Voiding Posted Payables Invoices
• Payables Payments
• Paying Vendor Invoices
• Making Prepayments
• Payables Reports

Accounts Receivable

• Creating & Modifying Customers
• Receivables Module Linked Accounts
• Accounts Receivable Sales
• Recurring Transactions
• Sales Quotes
• Accounting for Over-the-Counter Sales
• Viewing, Adjusting & Voiding Posted Receivables Transactions
• Receivable Receipts
• Receiving Payment on Invoices
• Adjusting/Reversing Receivables Receipts
• Applying Deposits/Prepayments
• Sales Returns
• Receivables Reports