Sage 50 Accounts Professional 2014 - Module 1

This one day intensive course demonstrates the extensive features of the BRAND NEW 2014 version of the popular Sage 50 Accounts Professional software. Each participant will have the use of their own computer in order to gain hands-on experience of this powerful software.

All the course material is prepared in-house by qualified chartered accountants. Realistic case studies have been devised in order to make the course as practical as posssible.

Course Objectives
The course will enable you to master computerised accounting.

Prerequistes
Although not essential, some knowledge of double entry bookkeeping will be useful.

Certification
A Certificate of Competence will be awarded on successfully completing the course.

COURSE PROGRAMME

• Introduction to Sage 50 Accounts Professional
• Passwords and housekeeping
• Navigating within Sage 50
• Chart of Accounts
• Coding accounts

Sales Ledger

• Setting up new customer accounts
• Setting credit limits
• Preparing customer address lists
• Entering sales invoices
• Recording sales credit notes
• Dealing with sales discounts
• Preparing customer statements

Purchase Ledger

• Setting up new supplier accounts
• Preparing supplier address lists
• Entering and coding purchase invoices
• Recording purchase credit notes
• Recording purchase discounts
• Preparing remittance advice notes

Bank Transactions

• Recording sales and non-sales receipts
• Entering supplier payments
• Accounting for cash transactions
• Entering recurring payments
• Bank reconciliations

Nominal Ledger

• Setting up nominal accounts
• Setting budgets
• Debtors and creditors control accounts
• Correcting errors
• Journal entries

Reports

• Aged debtor analysis
• Aged creditor analysis
• Monthly management accounts
• Trial Balance
• Profit and Loss Account
• Balance Sheet
• Budget Reports

VAT Returns

• Preparing quarterly VAT Returns
• Reconciling the VAT Return
• VAT cash accounting scheme
• Other VAT issues