Sage 50 Accounts Level 1

This course is the first in a series of courses that teaches delegates how to use and good practices of Sage 50 Account. It will act as a refresher to individuals who have used sage 50 Accounts and need a reminder of the basic principles of Sage 50 Accounts. Delegates of this course can attain a certificate in Sage upon completion of this course.

Content:

• Day 1
  • Navigating Sage – the student navigates around Sage and learns about the different modules and what they are used for.
  • Company Set Up – the company is set up using information provided.
  • The Nominal Ledger – understanding what it is and how information is entered.
  • Chart of Accounts – looking at the information contained and how the nominal codes are grouped. Includes floating accounts.
  • Creating Nominal Codes – how to set them up and check they are included in the Chart of Accounts.
  • Opening balances – learn what opening balances are for and how to enter them on Sage using a variety of methods.
  • Using the Bank module – entering money received from customers and paying suppliers, including credit notes issued.
  • Recurring Entries – setting up and processing.
  • Bank reconciliation – checking the bank statement against the sage bank account and noting the differences, saving and then reconciling the bank and printing the statement. Understanding why differences will arise and what to look for.
  • Reports – this looks at a number of different customer and supplier reports, including aged reports, activity reports, statements and letters that can be sent. It also covers Trial Balance, Profit & Loss and Balance Sheet and Vat return reports.
• Day 2
  • Revision – Navigating the tool bars, changing the views and using the dashboards.
  • Shortcut Keys – remembering the different shortcuts used in Sage.
  • Company Preferences – setting up the company information.
  • Vat information – vat rates, threshold, schemes.
  • Customer – Custom fields.
  • Departments – setting up and uses for departments.
  • Nominal Records – under what circumstances these can be deleted.
  • Control Accounts – where they are located in Sage and what they are used for.
  • Budgets – Budgeting options – standard and advanced.
  • Configuration Editor – Terms agreed for customers and suppliers.
  • Batch Changes & Duplicating Records
  • Journals & Skeleton Journals – when are they used?
  • E banking – how to set up E banking.
  • Creating invoices – using the invoicing module.
  • Invoice & Order Defaults & Disputed Invoices
  • Customer Refunds
  • Housekeeping & Error Corrections
  • Access Rights & Passwords
  • Class Practice Session – the whole class takes part in answering questions that are likely to come up in the exam.
  • On Line Simulation – we log into Sage and show the class what the online exam looks like and work through an on line simulation.
  • Sit the Exam – if the students are confident, they sit the exam. If not, they take the course material with them and arrange to sit the exam when they have done further revision.
  • Year End Procedure – checklist and year end preparation. Then processing the year end. Archiving data and accessing it.