Sage 50 Accounting - Intermediate Online Diploma (Level2) - Best Seller

What You Will Learn

How to set up a fixed asset record in Sage 50
Three methods of calculating depreciation
How to use the Asset Disposal Wizard and record sale of an asset
What to do if depreciation has been missed for a month
How to manage cheque and remittance
Setting up purchase order defaults
How to set up and calculate discounts on invoices and purchase orders
How to record the delivery of stock and update cost prices
Creating product defaults and understanding stock transactions
How to correct an incorrectly entered AI, using the exact method and the average cost price method
How to incorporate stock adjustments using the FIFO or First-in-First-out rule
How to use the ‘Check bill of material’ (BOM) feature to track stock availability
How to create price lists
How to apply special prices, print and delete price lists
How to set up manual discounts on sales orders and invoices
How to create service invoices and enter details for item lines
Benefits of the Sage 50 Intermediate Diploma

In-depth study and knowledge of different tools and features of the Sage 50 accounting software can help candidates add value to their team.
Similarly, Sage 50 software is also ideal for those who own their own businesses and wish to become self-sufficient in managing their own accounting and invoicing and so on. Expertise in Sage 50 accounting software helps reduce reliance on external accountants.
In addition, Sage 50 accounting software is recommended for those who wish to make a seamless transition from manual payroll processing to a computerised system. By opting to educate and update one’s skills in Sage 50, candidates can prove their ability to potential employers. The Sage 50 online course is suitable for individuals, business entrepreneurs and aspiring students who wish to learn the basics of computerised accounting and invoicing.
A detailed working knowledge of Sage 50 can help aspirants gain confidence and help them provide a high standard of accounting services to companies.
Candidates from all backgrounds and fields are free to learn the Sage 50 accounting course; it does not require any prerequisite academic TITULACIONs. The only prerequisite condition is a basic working knowledge of numeracy, literacy and IT skills.

Course Modules/Lessons

Module 1 : Getting started with the Intermediate Course, Accruals and Prepayments

Understanding the concept of accruals and prepayments;
How to set up prepayments and accruals in Sage 50;
How to run month end accounts;
How to post manual entries in the prepayment journal and the reversal;
Module 2 : Fixed Assets and Depreciation (I)

Understanding fixed assets and depreciation;
How to set up a fixed asset record in Sage 50;
Three methods of calculating depreciation in Sage 50;
How to post a fixed asset record based on hire purchase, and perform asset valuation;
Module 3 : Fixed Assets and Depreciation (Part II), Customer and Supplier Addresses and Purchase Orders (Part I)

How to use the Asset Disposal Wizard and record sale of an asset;
What to do if depreciation has been missed for a month;
What to do if an asset has been recorded and processed inaccurately;
How to re-index supplier and customer addresses;
Module 4 : Intermediate Processing Purchase Orders from Product Records

Setting up purchase order defaults in Sage 50;
Specifying different options, such as invoice numbering and default invoice format;
How to set up and calculate discounts on invoices and purchase orders;
How to create purchase orders and edit the item line;
Module 5 : Purchase Orders (Part III), Stock Control and Monitoring (Part I)

How to amend deliveries;
How to use the ‘Update ledgers' option for purchase orders;
How to cancel, delete or reverse a purchase order;
How to memorise and recall a purchase order;
Module 6 : Stock Control and Monitoring (Part II)

How to incorporate stock adjustments using the FIFO or First-in-First-out rule;
How to correct an incorrectly entered AI, using the exact method and the average cost price method in Sage 50;
How to post stock out, using sales invoices, credits and sales orders;
How to maintain stock levels, using the product shortfall and sales order shortfall options.
Module 7 : Inventory and Stock Control (Part III); Bill of Materials

Important reasons why businesses need to incorporate adjustments;
Assembly levels and link levels of products and sub-components;
How to use the ‘Check bill of material' (BOM) feature to track stock availability;
How to check the BOM to which a sub-component belongs, and deleting a BOM;
Module 8 : Product Pricing (Part II), Discounts and Credit Notes

How to create and apply price lists;
How to add products to a price list;
How to select calculation and recalculation methods for price lists;
How to import products into a customer price list;
Module 9 : Discounts; How to Enter and Post a Credit Note

A brief overview of the importance of a pricing strategy.
Different types of discounts that can be set up in Sage 50;
How to set up a ‘good customer discount';
How to set up early settlement and quantity discounts;
Module 10 : Sales Order Processing and Completion; Audit Trail and Credit Control

How to enter sales orders;
How to despatch a sales order;
How to view and interpret despatch information;
How to allocate stocks and complete a sales order;