Course Description
Module 1: Introduction to Sage 50
- Overview of Accounting Software
- Introduction to Sage 50 Features and Interface
- Setting Up a New Company in Sage 50
- Navigating the Dashboard and Menus
- Understanding Chart of Accounts
Module 2: Company Setup & Configuration
- Company Preferences & Settings
- Setting Up Fiscal Year & Accounting Periods
- Customizing User Permissions and Security
- Configuring Taxes (GST, VAT, Sales Tax)
Module 3: General Ledger & Chart of Accounts
- Creating, Modifying, and Deleting Accounts
- Journal Entries & Adjustments
- Reconciling Bank Accounts
- Running Trial Balances
Module 4: Accounts Payable (Suppliers & Expenses)
- Setting Up Vendors (Suppliers)
- Entering and Managing Bills & Expenses
- Processing Vendor Payments (Checks, Electronic, Credit Card)
- Handling Purchase Orders and Supplier Returns
Module 5: Accounts Receivable (Customers & Sales)
- Setting Up Customers
- Creating and Managing Invoices
- Applying Payments & Handling Bad Debts
- Managing Sales Orders and Customer Returns
Module 6: Inventory Management
- Setting Up Inventory & Non-Inventory Items
- Managing Stock Levels and Reordering
- Inventory Adjustments and Valuation Reports
Module 7: Payroll Processing (If Applicable)
- Setting Up Employee Records
- Processing Payroll & Generating Payslips
- Payroll Deductions & Taxes
- Payroll Reporting
Module 8: Banking & Cash Flow Management
- Recording Bank Transactions
- Bank Reconciliation
- Managing Petty Cash Transactions
- Cash Flow Reporting
Module 9: Financial Reporting & Analysis
- Generating Balance Sheets & Profit/Loss Statements
- Customizing Financial Reports
- Budgeting & Forecasting in Sage 50
- Exporting Reports to Excel or PDF
Module 10: Advanced Features & Customization
- Using Recurring Transactions
- Multi-Currency Transactions
- Fixed Assets Management
- Customizing Forms & Templates (Invoices, Reports, Purchase Orders)
Module 11: End of Year Procedures
- Year-End Closing Process
- Generating Year-End Financial Statements
- Archiving Data & Backups
Module 12: Sage 50 Integration & Troubleshooting
- Integrating with Other Software (Excel, Payroll Systems)
- Troubleshooting Common Errors
- Software Updates & Maintenance
Course Syllabus
1: Introduction to Sage 50
2: Company Setup & Configuration
3: General Ledger & Chart of Accounts
4: Accounts Payable (Suppliers & Expenses)
5: Accounts Receivable (Customers & Sales)
6: Inventory Management
7: Payroll Processing (If Applicable)
8: Banking & Cash Flow Management
9: Financial Reporting & Analysis
10: Advanced Features & Customization
11: End of Year Procedures
12: Sage 50 Integration & Troubleshooting