Master-class on Sage 50 Accounting Software: Workshop on Sage 50 accounting (Desktop) from Basic to Advance level

Program Overview:

Sage 50 accounting is accounting software developed by Sage Group used for in performing accounting functions within an organization in order to produce a comprehensive financial statement that incorporates every aspect of the organization finances within a short possible time.

Sage 50 enables us record, classify, control and examine your finances in the conventional way, quickly and easily done through a graphical interface. The navigation centers exclusively provide information on how to access each module in Sage 50, such as Business Status, Customers & Sales, Vendors & Purchases, Inventory & Services, Employees & Payroll, Banking and System

So when you generate an invoice you fill in the details in a screen that actually looks like the invoice Sage prints. And when you record a check payment, you fill in a check – on screen. Sage is a totally integrated system, so as you record a transaction into one ledger all the other related ledgers are updated with that information immediately. Also comprises powerful features for user at various navigation pin Sales orders, Quotes, Purchase order, Payroll, Inventory management, Job costing, payment of bill, writing checks, performing other accounting related transactions, Customizable reports and security modules.

For whom:

This program is designed for everyone who wants to enhance his or her skills in management accounting, SME owners; fresh accounting graduates, accounting technicians, account managers, sales executive, financial analyst, data users etc. Anyone who wants to be proficient in using Sage 50 as accounting software will benefit from this program.

Note: Come alone with your laptop with or without the software installed. 

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

Learning objectives:

At the end of the program, participants will be able to:

• master the functionalities of Sage 50 business environment workspace and comfortable with the usefulness of menus, icons, methodologies and navigating tools;
• set up new companies, mastering how to create new customers, vendors, service items, inventory items and maintain the porters;
• perform basic to advance general ledger functionality;
• use standard Account payable features;
• use standard Accounts receivable functions;
• master invoicing, bills, payments, sales receipt, and credit memo;
• practically use of financial data for easy reporting system for management decision making;
• import data, files into sage 50 and export 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; and
• print and preview statement in various format.

Course Outline

Day 1: 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

Day 2: 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

Day 3: Settings and Tools     

• Changing the Company Info and Posting Method
• Posting and un-posting
• 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 an Other 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

This is a practical hands-on training using easy-to-follow step-by-step instructions.