Sage 50 Premium Accounting 2014 Level 1

Transcription

1 Courseware 1615 Sage 50 Premium Accounting 2014 Level 1 Course Description This is an introduction to accomplishing basic accounting tasks using Sage 50 Premium Accounting Students will begin with a company file and enter transactions for general ledger, accounts receivables, accounts payable, inventory, and managing capital expenses. This course will review some accounting fundamentals as they relate to the transaction at hand only. Basic Skills Checklist The following list summarizes skills learned in Microsoft Windows Level 1 that students should be comfortable with for this courseware. It is assumed that the student has completed or is familiar with accounting fundamentals. In addition, it is important to understand how a business functions to fully understand the concepts discussed. Take a few minutes to review the following items to ensure you are familiar with them: moving around the screen using the Start button using the Control button using the Minimize, Restore, and Close buttons getting Help in Windows moving around with the mouse and keyboard accessing menus and making menu choices using Windows programs sizing and moving windows using the scroll bars managing documents using the toolbar and ruler running multiple programs using the Clipboard finding documents navigating folders creating, deleting, renaming, copying, and moving files and folders working with the Explorer emptying the Recycle Bin using flash drives or burning CD s working with the Control Panel using the Print Manager using TrueType fonts using the Accessories The following is a list of basic accounting terms that you should also be familiar with before taking this course: assets, liabilities, and equity balance sheet trial balance income statement debits and credits ledger accounts entering journal transactions posting transactions entering payables and receivables transactions inventory tracking provincial government remittance process for PST federal government remittance process for GST/HST

2 Courseware 1615 Sage 50 Premium Accounting 2014 Level 1 Courseware Outline About This Courseware Course Description Course Objectives Course Design Conventions and Graphics Overview Lesson 1: Introduction Starting Sage 50 Accounting Selecting a Set of Data Looking at the Getting Started Window Looking at the Sage 50 Accounting Home Window Moving Around Help System The Learning Centre Understanding the Chart of Accounts Account Types Creating Accounts Modifying Accounts Deleting Accounts Saving Changes Company Information Printing the Chart of Accounts Understanding the Session Date Inputting Dates Accounting / Non-Accounting Terminology General Module Linked Accounts General Journal Transactions Reversing General Journal Entries The General Journal Report Exiting Sage 50 Accounting Lesson 2: Inventory and Services Inventory Accounts Creating Inventory Items Creating Service Items Inventory Module Linked Accounts Inventory Reports Lesson 3: Vendors and Accounts Payable Creating Suppliers (Vendors) Modifying Suppliers (Vendors) Setting Up the Shippers List Payables Module Linked Accounts Accounts Payable Inventory Purchases Non-Inventory Purchases Purchases with Immediate Payment Recurring Entries Purchase Orders Filling a Purchase Order Payables Invoices Payables Payments Making Prepayments Reversing Payments Payables Reports Lesson 4: Customers and Accounts Receivable Accounts Receivable Customers Modifying Customer Information Receivables Module Linked Accounts Comments on Customer Forms Accounts Receivable Sales Sales Quotes Accounting for Over-the-Counter Sales Receivables Transactions Receivable Receipts Adjusting/Reversing Receivables Receipts Prepayments and Deposits Applying Deposits/Prepayments Sales Returns Receivables Reports Lesson 5: Employees and Payroll Payroll Overview and Set Up Creating Employee Records Modifying Employee Records Payroll Linked Accounts Paying Employees Payroll Advances and Loans Payroll Transactions Entering Taxes Manually Payroll Reports Lesson 6: Reporting, Miscellaneous and Year End Procedures Creating Graphs Creating and Printing Financial Reports Setting Up Cheque Numbers Using the Daily Business Manager Using Checklists Checking Data Integrity and Compacting the Database Printing in Batches Month-End Procedures Calendar Year-End Procedures Fiscal Year-End Procedures Setting Up or Changing the Sales Tax Rate Appendices Appendix A: Practice Exercises Appendix B: Glossary of Terms Appendix C: Index

3 Course Description Sage 50 Premium Accounting 2014 Level 2 introduces some of the more advanced functions and capabilities of Sage 50 Accounting. It is designed for computer users who are already familiar with accounting with work experience in the basic operations of Sage 50 Premium Accounting and/or have completed Sage 50 Premium Accounting 2014 Level 1. Who Should Attend People who have taken a Microsoft Windows - Level 1 and Accounting Fundamentals course, or have equivalent work experience. Basic Skills Checklist The following list summarizes skills learned in Microsoft Windows Level 1 that students should be comfortable with for this courseware. It is assumed that the student has completed or is familiar with accounting fundamentals. In addition, it is important to understand how a business functions to fully understand the concepts discussed. Take a few minutes to review the following items to ensure you are familiar with them: moving around the screen using the Start button using the Control button using the Minimize, Restore, and Close buttons getting Help in Windows moving around with the mouse and keyboard accessing menus and making menu choices using Windows programs sizing and moving windows using the scroll bars managing documents using the toolbar and ruler running multiple programs using the Clipboard finding documents navigating folders creating, deleting, renaming, copying, and moving files and folders working with the Explorer emptying the Recycle Bin using flash drives or burning CD s working with the Control Panel using the Print Manager using TrueType fonts using the Accessories The following is a list of basic accounting terms that you should also be familiar with before taking this course: assets, liabilities, and equity balance sheet trial balance income statement debits and credits ledger accounts entering journal transactions posting transactions entering payables and receivables transactions inventory tracking provincial government remittance process for PST federal government remittance process for GST/HST

4 Courseware Outline About This Courseware Course Description Course Objectives Course Design Conventions and Graphics Overview Lesson 1: Setting Up Data and Customizing Settings Creating a New Company Using the Setup Wizard Setting Up the General Ledger Reviewing the Linked Accounts Reviewing Tax Codes Entering Opening Balances Entering Suppliers and Purchases Entering Customers and Sales Entering Inventory and Services Entering Employees and Payroll Finish Entering Historical Data Customizing Sage 50 Accounting Lesson 2: Banking and Credit Cards Making a Bank Deposit Setting Up the Bank Reconciliation Setting Up an Account for Reconciliation Reconciling an Account for the First Time Reconciling an Account Printing the Bank Reconciliation Report Working with Credit/Debit Card Transactions Entering Customer Sales on Credit Card Reconciling the Credit Card Account Creating and Setting Up Credit Cards for Purchases Enter Supplier Purchases on Credit Card Reconciling the Credit Card Statement Making Credit Card Payments Handling Petty Cash Using Debit Cards Lesson 3: Security, Budgets, Projects and Inventory Adding Passwords and Security Accessing the System Administrator Adding a User Changing or Deleting a User s Password Deleting a User Removing Security Options from the Data File Budgeting Activating the Budget Option Creating a Budget Reporting Against the Budget Updating the Budget Handling Project/Department Accounting Setting Up Projects/Departments Allocating Expenses and Revenues Reporting on Project/Department Performance and Budgets Managing Inventory Performing Inventory Counts Writing Off Inventory Looking at Item Assembly Bill of Materials vs. Item Assembly Lesson 4: Additional Payroll Features Checking the Tax Tables Introducing Types of Income and Deductions Introducing Types of Deductions Setting Payroll Remittance Employee Benefits Setting Up Batch Printing of Paycheques Allocating Payroll Cheques to a Project/Department Generating a Payroll Cheque Run Remitting Payroll Deductions/Contributions Releasing Vacation Pay Employee Departures Generating a Record of Employment Handling and Remitting WSIB Premiums Remitting WSIB Premiums Generating T4 Slips Setting Up Printer Options in Preparation for T4 Slips Printing T4 slips Lesson 5: Working with Foreign Currencies Dealing with Foreign Currency Setting Up Foreign Currency Setting Up a Foreign Currency Bank Account Setting Up a Supplier Setting Up for Sales to Foreign Customers Pricing Inventory and Services Setting Up Foreign Customers Tracking Import Duty Information Making Purchases Making Sales Using a Foreign Currency Tracking Currency Fluctuations Foreign Currency Reporting

5 Lesson 6: Additional Concepts and Functions Charging Interest on Overdue Accounts Preparing Customer Statements Printing or ing a Customer Statement Handling NSF Cheques Handling Bad Debts Writing Off a Bad Debt Clearing Transactions Making Records Inactive Handling HST and HST Remittances Calculating the Amount of HST Owing/Refundable Customizing Sage 50 Accounting Journals Viewing Account Numbers Printing Labels Using in Sage 50 Accounting Accessing the Sage 50 Accounting Web Site Performing Management Reporting Exporting Reports Finding Important Code Numbers Using Sage 50 Forms Designer Deleting a Custom Report Time Slips Creating Job Categories Creating a Time Slip Time and Billing Report The Sage 50 Accounting Performance Dashboard Appendices Appendix A: Additional Exercises Appendix B: Consolidation Exercise Appendix C: Glossary of Terms Appendix D: Index