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Sage 50 Accounts Complete

Open Study College
Course summary
665.83 - 949 GBP excl. VAT
English
Distance
e-learning / Online / Distance

Course description

This course is aimed at new or existing accounts users who wants to know how to use the core functionality of Sage 50 Accounts. The course comes with Sage 50 Workbook software.

Course Content

Stage I

  • Be familiar with the Sage 50 Accounts user interface
  • Understand how to use password protection and how to restrict user access
  • Understand basic configuration, financial year settings, and setting up tax codes
  • Know how to create, amend and delete nominal accounts
  • Know how to create bank, cash and credit card accounts
  • Understand the role of the Chart of Accounts, and how to amend it
  • Know how to create departments
  • Know how to create, amend and delete customer and supplier accounts
  • Be able to enter opening balances for nominal, customer and supplier accounts

Stage 2

  • Know how to enter supplier invoices and credit notes
  • Be able to post supplier payments including printing remittance advices, cheques and using e-banking
  • Know how to create and print service invoices and credit notes for customers
  • Be able to post customer receipts and understand how to manage the Sales Ledger, including disputing invoices
  • Be able to post supplier payments and understand how to manage the Purchase Ledger
  • Understand how to deal with contra entries
  • Be familiar with posting bank and cash transactions
  • Learn how to save time by using Recurring Entries
  • Understand how to interrogate data using searches to enable more accurate reporting
  • Know how to check and safeguard data using backups
  • Understand how to correct errors
  • Know how to post and correct Journal Entries
  • Be able to process customer payments and supplier refunds

Stage 3

  • Know how to perform a bank reconciliation
  • Understand how to manage credit control, including statements and overdue letters
  • Be able to write off bad debts and perform a VAT reclaim
  • Know how to set up the Fixed Asset Register, post depreciation journals and dispose of fixed assets
  • Understand how to post prepayments and accruals
  • Be able to produce financial reports, including the Profit & Loss report and Balance Sheet
  • Know how to set budget information and use departments for additional analysis
  • Be able to produce, check and submit a VAT Return
  • Know how to prepare for, and run the Year End routine
  • Be able to create multiple company accounts for associated companies or branches
  • Understand how to Integrate Sage 50 Accounts with Microsoft Office

Stage 4

  • Know how to plan and maintain stock records, post opening balances and record adjustments
  • Know how to set up multiple delivery addresses for your company, your customers and suppliers
  • Be familiar with the purchase order cycle, know how to process from entry to delivery and match and post invoices to orders
  • Understand product pricing and discount structures
  • Be familiar with the sales order cycle, know how to process from entry to despatch and link to other areas of Sage 50 Accounts Professional
  • Know how to perform stock takes, process stock adjustments and deal with stock returns and stock month end journals
  • Know how to use the Bill of Materials function to assemble finished goods from stocked components
  • Be able to produce product invoices and credit notes
  • Be able to produce quotes and pro-forma’s
  • Be able to produce repeat invoices using recurring transactions, skeletons and duplicates
  • Know how to run a stock year end and make global changes
  • Know how to produce foreign currency orders, create foreign currency price lists and generate Intrastat reports

Why choose Open Study College

Trusted by over 73,000 students

Study from home, at your own pace

Discounts on selected courses

Expenses



Pay Now: GBP 949.00
OR 6 Monthly Instalments of GBP 157.35 with a deposit of GBP
104.90 totalling 1,049

About provider

Open Study College - First class home learning with a difference!

At Open Study College we exceed in delivering a unique home learning experience! Having helped over 73,000 people improve their skills with a trusted qualification, Open Study College is one of the UK’s largest distance learning colleges. Offering over 500...


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