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.