Simply Accounting (Level 1 and Level 2)
Course Description – Level 1
This is an introduction to accomplishing basic accounting tasks using Simply Accounting by Sage. 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.
Who Should Attend? People who have taken courses in both Microsoft Windows (Level 1) and Accounting Fundamentals, or have equivalent work experience.
Duration : 6 hours
Course Outline:
• Introduction • What is Simply Accounting? • Starting Simply Accounting • Selecting Sets of Data Files • Looking at Simply Accounting Home Window • Understanding Chart of Accounts • Saving Changes • Company Information • Printing Chart of Accounts • Understanding Session Dates • Accounting/Non-Accounting Terminology • General Module Linked Accounts • General Journal Transactions • Recurring Transactions • Adjusting and Reversing General Journal Entries • General Journal Reports • Backing Up Simply Accounting Data Files • Exiting Simply Accounting • Accounts Payable • Creating and Modifying Vendors • Setting Up Shipper’s Lists • Payables Module Linked Accounts • Purchasing Inventory on Accounts • Non-Inventory Purchases • Purchases with Immediate Payment • Recurring Entries • Purchase Orders • Filling Purchase Orders • Creating Purchase Invoices from Purchase Orders • Viewing, Adjusting, and Voiding Posted Payables • Doing Invoices • Payables Payments • Paying Vendor Invoices • Making Prepayments • Payables Reports • Accounts Receivable • Creating and Modifying Customers • Receivables Module Linked Accounts • Accounts Receivable Sales • Recurring Transactions • Sales Quotes • Accounting for Over-the-Counter Sales • Viewing, Adjusting, and Voiding Posted Receivables Transactions • Receivable Receipts • Receiving Payments on Invoices • Adjusting/Reversing Receivables Receipts • Applying Deposits/Prepayments • Sales Returns • Receivables Reports • Inventory and Services • Creating Inventory Accounts • Creating Inventory Items • Creating Service Items • Changing Inventory and Service Data • Inventory Module Linked Accounts • Inventory Reports
Course Description – Level 2
The main objective of this courseware is to introduce some of the more advanced functions and capabilities of Simply Accounting by Sage. Who Should Attend It is designed for computer users who are already familiar with accounting, have work experience using the basic operations of Simply Accounting by Sage, and/or have completed Simply Accounting by Sage Level I.
Duration : 6 hours
Course Outline:
• Setting Up Data Files and Customizing Settings • Creating New Companies • Using Setup Wizard • Setting Up General Ledgers • Entering Opening Balances • Setting Up Linked Accounts • Entering Vendors and Purchase History • Entering Customers and Sales History • Entering Inventory and Services History • Entering Employees and Payroll History • Entering Historical Data • Setting Up Sales Taxes • Payroll Overview and Setup • Creating Employee Records • Modifying Employee Records • Payroll Linked Accounts • Paying Employees • Recurring Transactions • Payroll Advances • Viewing, Adjusting, and Voiding Posted Payroll Transactions • Entering Taxes Manually • Payroll Reports • Banking and Credit Cards • Setting Up Bank Reconciliations • Setting Up Accounts for Reconciliation • Reconciling Accounts for First Time • Reconciling Accounts • Working with Credit/Debit Card Transactions • Entering Customer Sales on Credit Cards • Reconciling Credit Card Accounts • Creating and Setting Up Credit Cards for Purchases • Enter Vendor Purchases on Credit Cards • Reconciling Credit Card Statements • Reporting, Miscellaneous and Period End Procedures • Creating Graphs • Creating and Printing Financial Reports • Using Daily Business Manager • Processing Transactions in Daily Business Manager • Using Checklists • Checking Data Integrity and Compacting Databases • Setting Up Batch Printing • Printing in Batches • Month End Procedures • Year End Procedures • Working with Foreign Currencies • Dealing with Foreign Currencies • Setting Up for Foreign Currencies • Setting Up Foreign Currency Bank Accounts • Setting Up Vendors • Setting Up for Sales to Foreign Customers • Pricing Inventory and Services • Setting Up Foreign Customers • Tracking Import Duty Information • Making Purchases • Making Sales Using Foreign Currencies • Foreign Currency Reporting
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