Sage Line 50 Accounting Training Course Stage 1

Sage Line 50 Accounting Training Stage 1

Who should attend?

The course is aimed at both operators and managers as both set up and basic data entry are covered. Most delegates attend the course between two and seven weeks after purchasing the software and before they use the system fully.

Preparation

Before attending the course you should test run the program to familiarise yourself with the menu structure. The course includes extensive practical work using a PC so you should also be competent with a keyboard and mouse.

Any course dealing with accounting software must deal with basic accounting concepts. Whilst a formal accounting background is not assumed, delegates should be familiar with basic business terms such as invoice, VAT, double entry etc. Users not familiar with accounting terms should attend the Book-keeping with Sage course prior to attending the course.

Course Outline:

Basic Concept

Integrated three ledger systems

Key Decisions Prior to Set-up

Basic configuration

Account coding structures

Choices for layout of accounts

Profit/loss and balance sheet design.

Creating Accounts

Basic routine

Time saving tips Security techniques

Maximising reporting options.

Opening Balances

Choice of methods

Implications for VAT cash accounting

Checks against previous system.

Data Entry Routines

Recording invoices and credit notes (this course does not cover invoice production, see Stage 3)

Customer/supplier payments

Cash and bank receipts and payments

Journal entries in the nominal ledger.

Error Correction

Routine to correct or reverse transactions.

Bank Accounts

Reconciling your bank accounts.

Month End

Monthly management reports including budgets

The month end routine itself

VAT Routines

Production and reconciliation of the VAT Return

Running with VAT Cash Accounting.

Year End

The year end routine and preparation for the new accounting year.

Data Security

Method of data backup and restore

Advice on need for and frequency of backup data verification.