Sage Introduction
Short course
Inhouse
Description
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Type
Short course
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Level
Beginner
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Methodology
Inhouse
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Duration
1 Day
This course provides an introduction to the use of Sage Accounting software, both Line 50 and Sage Instant. It deals with the fundamental accounting procedures used within the programme. Delegates will gain an overview of the 3 integrated ledger systems - Nominal, Sales and Purchase accounts. Understanding how Sage deals with transactions and know which Nominal codes to use for.
About this course
Some knowledge of how to use the keyboard, mouse and other Windows systems is assumed. Those who have little or no knowledge of the structure of accounting systems should expect to spend some time on the concept of double entry book-keeping.
Reviews
Course programme
Course Overview
This course provides an introduction to the use of Sage Accounting software, both Line 50 and Sage Instant. It deals with the fundamental accounting procedures used within the programme. Delegates will gain an overview of the 3 integrated ledger systems - Nominal, Sales and Purchase accounts. Understanding how Sage deals with transactions and know which Nominal codes to use for income and expenditure.
Prerequisites
- Some knowledge of how to use the keyboard, mouse and other Windows systems is assumed. Those who have little or no knowledge of the structure of accounting systems should expect to spend some time on the concept of double entry book-keeping.
Objectives
- Delegates will be able to :
- Install and use Sage Accounting software to process financial transactions, produce VAT returns, reconcile bank balances and produce financial reports.
Whats Included
- Comprehensive colour course manual and exercises
- Use of a Modern Training suite with 19 inch flat screen monitors
- 1 delegate per computer
- Lunch (When at our training venue)
- Refreshments (When at our training venue)
- Relaxed refreshment area at our training room
Course Content
Key Decisions Prior to Set Up
- Account coding structures
- Layout of accounts
- Control accounts
- Profit/loss and balance sheet design, financial year settings
- Understanding VAT tax codes
- Understanding the implications of using VAT cash or standard accounting
- Using departments and company preferences
Creating Accounts
- Changing/creating nominal codes and names
- Creating bank accounts
- Creating supplier accounts
- Creating customer accounts
Opening Balances
- Inserting opening balances for customers and suppliers prior to starting a new accounting system
Working with Customer and Suppliers
- Dealing with discounts
- Recording credit notes
- Creating customer invoices to customers
- Recording invoices sent to customers (batch processing)
- Recording invoices received from Suppliers (batch processing)
Bank Transactions
- The bank activity window
- Entering and processing recurring entries such as direct debits and standing orders out of the bank account
- Recording and reconciling transactions in other bank accounts
- Transfering money from the current account to the petty cash account and high interest accounts
- Recording receipts from customers and other sources
- Making payments to suppliers and other creditors
Month end procedures
- Backing up and restoring data
- Printing out month end reports
- Clearing the audit trail
- Carrying out month end procedures
- Reconciling the bank accounts
VAT Return
- Saving and/or printing VAT reports
- Identifying erroneous transactions
- Transfering VAT balances
- Producing and reconciling a VAT return
Journal Entries
- Determining when journal entries are appropriate
- Processing journal entries
Products
- Using products in invoices
- Using product categories
- Creating product codes
- Introduction to products
Reports
- Viewing and printing reports e.g. profit and loss accounts, balance sheets, aged creditors etc
Data Security
- Why and how to back up and restore data & how to check and verify data
Using the internet
- E-banking
- Sending invoices via email
Error Correction
- Correcting errors and reversing transactions
Using short cut keys
- Shortcuts
Sage Introduction