Mastering Sage 50 Accounting

• Master the functionalities of Sage 50 business environment workspace and comfortable with the usefulness of menus, icons, methodologies and navigating tools.
• Learn to set up new companies, mastering how to create new customers, vendors, service items, inventory items and maintain the porters.
• Performing basic to advance general ledger functionality.
• Using standard Account payable features
• Using standard Accounts receivable functions
• Master invoicing, bills, payments, sales receipt, and credit memo
• Practical oriented in usage of financial data for easy reporting system for management decision making.
• Importing and data, files into sage 50 and exporting reports in Excel or PDF
• maintain payroll, Tax’s, checks, budgeting and journal entering
• Discover how to set up a chart of accounts, reconcile your checking account and create an estimate.
• Printing and previewing statement in various format

 

Requirements

Note:

There are no prerequisites to take this course the program is designed for everyone who want to enhance his or her skills in administrative, accounting, managers, sales executive, financial analyst, data users etc.

Come alone with your laptop 

 

 

RECOMMENDED SYSTEM CONFIGURATION FROM

• PC: window 7, 8, 10 etc
• 2.4 GHz processor for single user and multiple users
• 2 GB of RAM for single user and 4 GB for multiple users

 

 

COURSE OUTLINE

 

Getting Acquainted with Sage 50      

The Sage 50 Environment       

The Sage 50 Navigation Centers         

Using the Menu Bar    

Customizing Shortcuts

Learning Common Business Terms    

 

Setting Up a Company          

Creating a Sage 50 Company  

Converting a Company           

Setting Customer Defaults      

Setting Vendor Defaults          

Setting Inventory Defaults      

The Payroll Setup Wizard       

Setting Employee Defaults      

Setting Job Defaults    

Making a Local Backup          

Making a Cloud Backup         

Restoring from a Local Backup File   

Restoring from a Cloud Backup         

Setting Up Security and Creating Users           

Configuring Automatic Backups         

Configuring Automatic Cloud Backups          

 

Using the General Ledger     

General Ledger Default Settings          free

Adding Accounts free

Deleting and Inactivating Accounts    

Adding Beginning Balances to Account          

Using Lists      

Adding General Ledger Journal Entries          

Basic General Ledger Reports 

Entering Account Budgets      

Using the Cash Account Register

 

Using Sales Tax         

The Sales Tax Wizard  free

Collecting Sales Tax   

Paying Sales Taxes     

 

Entering Records      

Entering Customer Records    

Entering Customer Beginning Balances          

Entering Vendor Records        

Entering Vendor Beginning Balances  

Entering Inventory      

Entering Inventory Beginning Balances          

Changing a Record ID

 

Accounts Receivable 

Setting Statement and Invoice Defaults           

Quotes, Sales Orders, Proposals and Invoicing           

Entering Quotes          

Converting Quotes      

The Sales Orders Window      

The Proposals Window           

The Sales/Invoicing Window  

Printing and Emailing Invoices

Entering and Applying Credit Memos 

The Receive Money Window 

Statements and Finance Charges         

Selecting Deposits

 

Accounts Payable      

The Purchase Orders Window

Entering a Drop Shipment       

Select for Purchase Orders      

The Purchases/Receive Inventory Window     

The Payments Window           

The Select for Payment Window        

Entering Vendor Credit Memos          

 

Managing Inventory 

Building and Unbuilding Assemblies  

Making Inventory Adjustments           

Changing Item Prices

           

Creating Payroll        

Adding Employees     

Adding Employee Beginning Balances           

Performance Reviews and Raise History        

Paying a Group of Employees

Paying an Employee   

 

Account Management

Writing Checks           

Voiding Checks          

Reconciling Bank Accounts    

Changing the Accounting Period         

 

Job Tracking 

Setting Up a Job          

Creating Custom Fields for Jobs         

Creating Phases for Jobs         

Creating Cost Codes for Phases          

Entering Beginning Balances for a Job

Making Purchases for Jobs     

Invoicing for Job Purchases    

Job Tracking   

Entering Change Orders for a Job       

 

Time and Billing        

Adding Time Ticket Employees          

Entering Activity Items           

Entering Charge Items 

Entering Time Tickets 

Entering Expense Tickets        

Billing Time and Expense Tickets       

 

Settings and Tools     

Changing the Company Info and Posting Method       

Posting and Unposting

Memorized Transactions         

Using the Purge Wizard          

Using the Year-End Wizard    

Data Verification        

Updating Encryption   

Archiving a Company 

Using and Restoring an Archive Company     

Sharing a Company in Sage Drive      

Downloading a Company in Sage Drive         

Managing User and File Access in Sage Drive

Finding Transactions   

Sync Data in Office 365         

Email Setup    

Writing Letters

 

Reporting       

The Cash Flow Manager         

The Collection Manager          

The Payment Manager

The Financial Manager

Find on Report

Previewing and Printing Preset Reports           

Report Groups

Modifying Reports      

Exporting Reports to Excel     

Importing and Exporting Data 

Exporting Reports to PDF       

Modifying Task Window Screen Templates   

Modifying Forms        

Sage 50 Intelligence Reporting

 

The Internal Accounting Review      

Using the Internal Accounting Review

 

Action Items  

Events 

To-Do Items   

Alerts  

 

Options          

Changing Global Options        

Changing the System Date      

 

Assets and Liabilities 

Assets and Liabilities  

Creating another Current Assets Account       

Subtracting Value from another Current Assets Account        

Creating a Fixed Assets Account        

Accumulated Depreciation     

Liability Accounts      

Paying on a Long-Term Liability        

Equity 

 

Help   

Using the Contents      

Using the Index          

Using the Search Feature        

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.