Please click here to view the class outline.
Upcoming classes:
simply accounting, training, beginner, sage 50
Led by an experienced Sage 50 instructor, it is an introductory class for Sage 50 beginners, or for existing users in need of a review of the variety of basic Sage 50 features.
Who Should Attend:
This course is recommended for individuals who are first time users of the program and looking to setup up their company books using the software or for existing Sage 50 users looking for a refresh on the variety of basic Sage 50 features. It is also recommended for any users who are either looking to switch to Sage 50 or have switched to Sage 50 recently for handling their accounting needs.
Sage 50 (formerly Peachtree Accounting) Level 1 Outline:
Introduction to the Software
- Course Overview
- How to navigate through Sage 50 modules, icon and menu bar
- Using the help feature in Sage 50, Support, Services and Learning Center
- Real time versus batch, continuous update of source documents to journals to General ledger to accounting reports and financial statements, drill downs
- Defining preferences and settings for both user and company
- How the General Journal Entries work and affect Sage 50
- Looking at the search and edit functions for accounts, sub-ledgers, jobs, inventory and services and employees
- The daily business manager and checklists, business performance and financial ratios
- Understanding the session date
- Comparing the different versions of the software
- Importing and exporting records, transactions and on-line statements
- Electronic filing, uploading direct payments, synchronizing with the billing boss
Setting up a New Company
- Steps to take before starting a new company file
- Using the Setup Wizard, linked accounts, custom and default fields
- Entering in the company information
- Deciding what type of business you are
- Choosing how you are organized
- Choosing your start date for the file
- Entering in the Starting balances of your accounts
- Customizing the chart of accounts, tax mapping, tax return codes, reports and exporting to tax programs
- Customizing the look of the desktop to your business, industry terminology, data input and query screens
- Understanding and using the lists
- Saving Recurring Transactions
Accounts Receivable / Customer and Sales
- Overview of the Module
- Setting up and creating new customers and setting up point of sale (P.O.S.)
- Importing and exporting invoices and quotes and item numbering mapping
- Entering in opening balances for existing customers
- Creating Estimates / Sales orders / Invoices and the benefit and rationale of memorizing recurring entries
- Converting from an estimate to sales order / invoice
- Converting from a sales order to invoice
- Receiving payments from Customers
- Recording full payment of invoices
- Recording partial payments of invoice
- Recording overpayments by customers
- Issuing Credit Memos / Refunds
Accounts Payable / Vendors and Purchases
- Overview of the module
- Setting up and creating new vendors and how to merge vendors
- Entering in opening balances for existing vendors
- Entering in bills received from vendors, trade account vendors (suppliers)
- Entering in credit memos
- Writing checks
- Creating and printing checks from Simply Accounting
- Entering in handwritten checks
- Making payments
- To vendors for outstanding bills
- Payments to credit cards
- Handling over payments to vendors
Banking
- Using the online banking center
- Transferring funds between accounts
- Recording bank deposits, and using the cash to be deposited account
- Bank accounts, class options and on-line banking login and petty cash
- Reconciling accounts and set up in the Reconciliation and Deposits tab
- Credit Card accounts
- Other accounts
Period End Maintenance
- Period end procedures, year end, closing accounts and accrual reversals
- Period end reports
- Data integrity and backing up your file