Sage Line 50 - Introductory
Sage Accounts Line 50 v12.0 (or, Sage Instant Accounts - v12.0)
Duration |
2 days |
Who should attend |
Anyone who needs to learn how to use the Sage Line 50 accounting package to record their financial transactions. |
Aim |
To enable you to understand the way Sage works – Nominal, Sales and Purchase Ledger system. How to handle your day to day transactions and month end procedures. |
Prior experience |
General use of a PC is required in order to complete the course. A basic knowledge of double entry book keeping is required, or will be integrated within the introduction of this course. |
Course Outline
What is required before you setup your system
Basic configuration of the system
Account coding structures
Layout of accounts
Profit/Loss and Balance Sheet design
Financial Year settings
Default settings
Tax Codes
Departments and Company Preferences
Understand the choice of methods for VAT
Initial Setup
Changing and creating nominal codes and names
Inserting opening balances for customers and suppliers prior to starting your new accounting system
Customer Section
Creating customer accounts
Recording invoices sent
Processing batch invoices
Emailing invoices
Supplier Section
Creating supplier accounts
Viewing supplier activity
Discover how to record invoices received from Suppliers
Bank Section
Creating bank accounts
Transactions:
Payments from different bank accounts
Receipts - how to record receipts of payments from customers and other sources Recurring entries How to enter and process recurring entries into and out of the bank account
Learn how to pay invoices from suppliers and other bills through the bank
Transferring money from current accounts to petty cash/savings
Month end procedures and Bank reconciliation
Learn how to reconcile your bank account and carry out other month end procedures
Error Correction
Familiarise yourself with the routine for correcting errors and reversing transactions
VAT Return & Reconciliation
Learn how to produce and reconcile a VAT return
Reports
Learn how to view and print reports e.g. Profit and Loss account, Balance sheet, aged creditors etc
Data Security
Learn why and how to back up and restore data and also how to check and verify data