Sage 50 Premium Accounting

In this course, students will gained a basic understanding of computerized accounting functions using Sage 50 Accounting software.

myAOLCC Hub (Online)
Intermediate, Advanced
46 Hours
What you'll learn
  • Introduction to Sage 50 Premium Accounting
  • Creating and Managing a Company Data File
  • Backing Up Company Data Files
  • Preparing the General Ledger
  • Preparing and Posting Journal Entries
  • Preparing the Receivables Ledger
  • Posting Entries in the Sales Journal
  • Working with Customer Quotes
  • Customer Reporting
  • Preparing the Accounts Payables Ledger
  • Posting Entries in the Purchases Journal
  • Working with Recurring Entries
  • Working with Purchase Quotes
  • Creating Payable Reports
  • Setting Up Inventory and Services
  • Entering Items into the Inventory & Services Ledger
  • Using the Bill of Materials & Item Assembly Journal
  • Creating Inventory Reports
  • Setting up the Projects Module
  • Allocating Project Transactions
  • Creating Project and Department Reports
  • Understanding the Employee and Payroll Module
  • Preparing the Payroll Ledger
  • Processing Paycheques
  • Creating Employee and Payroll Reports
  • Understanding Time and Billing
  • Using Time Slips, Creating Time and Billing Reports
  • Understanding Budgeting
  • Using the Daily Business Manager
  • Creating Management Reports
  • End of Tax Period
  • End of Period Tasks
  • Customizing Reports
  • Using Custom Sage 50 Forms
  • Using Microsoft Office with Sage 50 Premium Accounting

Course Introduction

In this course, students will be introduced to the Sage 50 Premium Accounting 2013 accounting software, using a hands-on approach with simulated source documents. Students will work step-by-step through the procedures for setting up each module, followed by transaction by transaction processing covering the concepts and techniques needed to use the software. As the student works through the lessons, they are given ample opportunity to explore and practice these techniques throughout the course.

This course consists of ten lessons, a lab exercise, and a final exam. The lesson tasks use files created for fictitious companies. At the end of most lessons, students are presented with questions for review to reinforce learning. The workbook also contains unguided tasks that will help prepare students for the final exam.

Course Prerequisites

Introduction to Windows (or equivalent), Basic Bookkeeping Level 1, Microsoft Word Level 1, Microsoft Excel Level 1, and Microsoft Outlook Level 1.

Course Outline

Sage 50 Premium Accounting

Lesson 1:

Introduction to Sage 50 Premium Accounting, Creating and Managing a Company Data File, Backing Up Company Data Files, Preparing the General Ledger, Preparing and Posting Journal Entries

Lesson 2:

Preparing the Receivables Ledger, Posting Entries in the Sales Journal, Accounting for Receipts, Working with Customer Quotes, Customer Reporting

Lesson 3:

Preparing the Accounts Payables Ledger, Posting Entries in the Purchases Journal, Accounting for Payments, Working with Recurring Entries, Working with Purchase Quotes, Creating Payable Reports

Lesson 4:

Setting Up Inventory and Services, Entering Items into the Inventory & Services Ledger, Accounting for Inventory Sales and Purchases, Using the Bill of Materials & Item Assembly Journal, Creating Inventory Reports

Lesson 5:

Setting up the Projects Module, Allocating Project Transactions, Using Departmental Accounting, Creating Project and Department Reports

Lesson 6:

Understanding the Employee and Payroll Module, Preparing the Payroll Ledger, Processing Paycheques, Creating Employee and Payroll Reports

Lesson 7:

Understanding Time and Billing, Using Time Slips, Creating Time and Billing Reports

Lesson 8:

Understanding Budgeting, Using the Banking Module, Using the Daily Business Manager, Creating Management Reports

Lesson 9:

Accounting for Sales Taxes, End of Tax Period, End of Period Tasks

Lesson 10:

Changing Default Settings, Customizing Reports, Using Custom Sage 50 Forms, Using Microsoft Office with Sage 50 Premium Accounting

Course Notes

There is a final exam upon completion of the course. Participants who receive 75% or higher on their exam will receive a certificate.

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