Sage Line 50

Sage Line 50 Set-Up

• Chart of Accounts.
• Introduction to the Nominal Ledger.
• Setting-up VAT codes.
• Entering opening balances.

Sales Invoices (Trade Debtors)

• Setting-up new customer accounts.
• Creating and posting sales invoices and credit notes.
• Using the Aged Debtors Report.

Supplier Invoices (Trade Creditors)

• Setting-up new supplier accounts.
• Posting supplier invoices and credit notes.
• Credit card purchases.
• Correcting input errors, contra entries and write-offs.
• Using the Aged Creditors Report.

Banking

• Allocating bank receipts and payments.
• Direct debits and credit card payments.
• Interest and bank charges ? journal input.
• Bank reconciliation.

Payroll

• Input of payroll journals for directors? remuneration, staff costs, pension costs and employers? NI.
• Input of staff expenses.

VAT

• Preparing, running and checking VAT Returns.
• Non-reconciled items.
• Input of VAT journals.

Management Accounts

• Journal entries.
• Depreciation.
• Accruals and Prepayments.
• Using Nominal Ledger Reports.
• Trial Balance.
• Balance Sheet and Profit and Loss Account.

File Maintenance

• Amending data input.
• Back-up procedures.

Offered either by public seminar or on site.