Sage Intermediate

Course

Online

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£ 90 VAT inc.

Description

  • Type

    Course

  • Level

    Intermediate

  • Methodology

    Online

  • Class hours

    12h

  • Duration

    1 Year

  • Start date

    Different dates available

  • Online campus

    Yes

  • Support service

    Yes

  • Virtual classes

    Yes

Streamlining a business often involves a string of complex tasks and processes, and it’s these functions that helps you manage a business successfully. Sage 50 Accounts software is one of the must-have tools for business, and completing this intermediate course will take your skills and knowledge of all the useful accounting functions it contains to the next level.

Features Of The Course

Sage 50 Accounts has a varied range of accounting functions that will prove useful in everyday business operations. Across the ten modules you’ll gain an understanding of these tools, and how to use them, including how to manage cheques and remittance, recording stock deliveries, creating price lists and service invoices, and how to manage stock adjustments.

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

Learn about accruals and prepayments and how they affect your accounts. Understand how to set up both in Sage 50.
Get to grips with running month end accounts.
Gain a greater understanding of fixed assets and depreciation, and how to set up a fixed asset record on the program. You’ll also learn how to post fixed asset records based on hire purchase, and look at asset valuation.
Explore three methods of calculating depreciation in Sage 50.
Look further at fixed assets and depreciation including using the asset disposal wizard and recording asset sales. Also look into inaccurate recording and processing of assets, what to do if you miss a month’s depreciation.
Learn how to re-index supplier and customer addresses.
Examine in-depth how to process purchase orders using customer records, including how to set-up purchase order defaults, setting up and calculating discounts on invoices and purchase orders, and how to create the purchase orders.
Learn how to specify different options on purchase orders, such as invoice numbering and setting a default invoice format.
Become familiar with purchase orders in relation to stock control and monitoring. You will learn how to alter deliveries, use the update ledgers option for purchase orders, and how to cancel, delete, and recall a purchase order.
Learn about the FIFO (first in first out) rule and how to adjust stock using this method.

This course is recommended to anyone who has completed the Sage 50 Beginners Diploma Course, but there are no other entry requirements, so it is an ideal fit for anyone with their own business, or looking to take up a new role in finance or business management and administration. Gaining a solid understanding of computerised accounting and invoicing could help you become self-sufficient in accounting, or provide this service to other companies.

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This course is suitable for people from all business backgrounds with basic literacy, numeracy and IT skills.
It’s an ideal step up from the Sage 50 Beginners Diploma Course, so you can expand your knowledge and become more familiar with the program.
Complete the course and pass the end test to receive a Diploma, which will look impressive on your CV as you further your career.
This course is broken down into easy to manage modules that you can access whenever you want.
12 months access to course material so you can refresh your knowledge at any time.
Online support should you need it.

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Subjects

  • Accounts
  • Sage
  • Fixed Assets
  • Sage 50 accounts
  • Sales Training
  • Sales
  • Prepayments
  • Sales Techniques
  • Sales Process
  • Sales Marketing
  • Sales and marketing

Course programme

Units of Study

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
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
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
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
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
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
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
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
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
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

Sage Intermediate

£ 90 VAT inc.