Introduction To Bookkeeping With Sage Line 50

General Information

Nearly 4 million companies around the world rely on Sage accountancy packages - they are easy to use, flexible enough to grow as your business grows and specifically designed to meet the particular needs of small and medium sized businesses.
This course, developed in conjunction with Sage, provides an excellent introduction to key accountancy tasks and how to process these in Sage Line 50. It also includes a free, six-month trial CD-ROM of Sage Line 50 for you to use at home or work as you complete the course. When you enrol on this course, the trial CD will be sent to you within 10 working days.
Basic bookkeeping concepts such as double entry, processing customer transactions, Trial Balance and VAT are fully explained as well as the role of key management reports such as Profit and Loss and the Balance Sheet within the business.
You then have the opportunity to put theory into practice using the Sage Line 50 application to construct customer and supplier records, post invoices, payments and receipts, carry out a bank reconciliation and produce Trial Balance, Profit and Loss Reports and a Balance Sheet.
Each section of the course includes an interactive lesson, a simulation of Sage Line 50, a quiz and finally exercises and assignments using Sage Line 50 and the skills you have been shown in a real life situation.
Outline and Learning Objectives

On completion of this course you will be able to:

• Apply double entry bookkeeping techniques correctly
• Record sales details in the Sales Ledger and Debtors Control Account
• Record purchase details in the Purchase Ledger and the Creditors Control Account
• Record all VAT transactions
• Construct a Trial Balance to check the accuracy of your account entries
• Derive and interpret the Profit and Loss Account and the Balance Sheet for your business
• Record pre payments and accruals correctly
• Apply the concepts of depreciation to fixed assets
• Account for bad debts
• Construct a Bank Reconciliation Statement
• Modify the Profit and Loss and Balance Sheet to account for bank reconciliation adjustments
• Apply some common performance measures to your business
• You will also be able to use Sage Line 50 to:
• Construct your customer and supplier records
• Post invoices, payments and receipts
• Produce a Trial Balance, Profit and Loss Account and Balance Sheet
• Post prepayments, accruals, depreciation and bad debts
• Carry out a bank reconciliation
• Check the liquidity position of the business

Course Modules

• Introduction to Bookkeeping with Sage Line 50
• Advanced Bookkeeping with Sage Line 50

Previous Knowledge Required

You will need to be a confident user of Windows and able to work with multiple applications open at once. You should also be confident in saving files to multiple locations and opening and saving WinZip files. You will also need some knowledge of MS Word for completion of the exercises and assignments for this course. It is essential to have MS Word installed onto the computer you wish to use when taking this course.
What''s Involved
Online
How Long Does It Take?
12 Hours
Course Level
Level 2