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Sage Line 50

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50 views3 pages

Sage Line 50

Uploaded by

immaculateakinyi733
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Sage Line 50 Stage 1 - The Accounting Fundamentals

In just 2 days this course will allow you to utilize all of the fundamental features of Sage Line 50, enabling you to get up and running
with the software as quickly and confidently as possible. We recommend it to all Sage Line 50 users as essential training because it
covers many routines, which are fundamental to problem-free accounting.

After this course you will be able to

Use Sage Line 50 software to operate and manage core accounting functions for your company. This will increase business efficiency
and save you valuable time.

Who should attend?

The course is aimed at both operators and managers of the software. Typically you would attend after your introductory inspection of
the program.

Preparation

We recommend that you familiarize yourself by opening the software to have a look at the basic layout and menu structure. You
should also be familiar with basic business terms such as invoice, VAT, double entry and so on. If you are not familiar with them, we
recommend that you first attend our Introduction to Bookkeeping course.

Basic Concept

Gain an overview of the three integrated ledger systems - nominal, sales and purchase - used in Sage Line 50.

Key Decisions Prior to Setup

Learn about key decisions: basic configuration, account coding structures, layout of accounts, Profit/Loss and
Balance Sheet design, Financial Year settings, Currencies, Tax Codes, Departments and Company Preferences.

Access Rights

Learn how to control operator's access to different parts of the program through password protection.

Creating Accounts

Discover a basic routine for creating customer, supplier and bank accounts, plus time saving tips and how to
maximize reporting options.

Opening Balances

Understand the choice of methods and implications for VAT Cash accounting, and find out how to make checks
against the previous system.

Data Entry Routines

Learn how to record invoices and credit notes. Also learn how to record customer/supplier payments, cash and back
receipts/payments, and journal entries in the nominal ledger.

Error Correction

Familiarize yourself with the routine for correcting errors and reversing transactions.

Task Manager
Learn how to use this integrated time-management feature Sage Line 50 has to offer, helping you to organize your
day more effectively.

Credit Control and Finance Charges

Look at the credit control features within Sage Line 50, and how finance charges for late payments can be applied.
We also look at how to improve cash flow through effective monitoring of credit limits, and how credit checks can
be obtained quickly and easily.

Bad Dept and Disputed Items

Investigate options for writing off bad debts and their implications for VAT.

VAT Return

Learn how to produce and reconcile a VAT return.

Data Security

Learn why and how to back up and restore data, and also how to check and verify data.

Benefits:

 Extract information from the screen and as printed reports


 Control important book-keeping procedures such as Journals, Bank Reconciliation, Month End and VAT reports

Gain an understanding of set-up considerations and procedures such as the Chart of Accountants and entering Opening Balances

Course Overview:

Day 1

 Overview of Sage Accounts


 Setting up the System: Setting defaults and preferences. Planning and creating a chart of accounts. Setting program options.
Entering opening balances. Altering and designing stationery layouts
 Sales Ledger: Creating accounts. Entering manually prepared invoices & credit notes. Producing free text Invoices via
Invoice Production. Skeleton Invoices. Refunds and write-offs. Contra Entries
 Purchase Ledger: Creating accounts. Entering invoices & credit notes. Disputing Invoices
 Bank Transactions: Supplier Payments. Customer Receipts. Bank Payments and Receipts. Petty Cash Payments and Receipts.
Credit Card Payments. Bank Transfers. Bank Reconciliation. Cheque Printing

Day 2

 Nominal Ledger: Overview. Nominal Ledger reports. Journal entries. Skeleton journals
 Assets Register: Creating Categories. Recording Assets
 VAT: Preparing the VAT Analysis Report. Reconciling transactions
 General Maintenance: Backup and Restore. Error Correction. Criterion searches. Use of shortcut keys. Reports
 Month End Procedures: Recurring Entries. Prepayments & Accruals. Depreciation. Closing off
 Year End Procedures: Reconfiguration. Zeroing balances. Closing off

Further Reporting: Sales, Purchase, Nominal and Bank Reports. Budget and Prior Year Comparisons. Graphs
Sage Line 50

Sage Line 50 is about much more than just doing the accounts. It's a range of fully integrated time-saving accounting and business
management solutions such as payroll and forecasting that lets you control and manage all the financial aspects of your business -
quickly, easily and cost-efficiently.

Popular small business accounting solution

Sage Line 50 is recommended by over 90% of accountants. It enables you to instantly access all your accounting and business data in
a format that's secure, fast and easy to use.

Sage Line 50 integrates seamlessly with other Sage products such as ACT!, Sage Payroll, Sage Jobcosting as well as programs like
Microsoft Excel. The result is that's it's easily accessible to all designated users, even those without prior Sage software experience.

Manages your accounts

Sage Line 50 enables you to streamline your accounting and stay on top of your schedule. You can quickly sum vital data, view key
information and identify transactions in one easy-to-understand screen.

Manages your finance

Sage Line 50 helps you to prepare regular financial reports and check how your business is performing. It also includes a suite of HM
Customs & Excise approved VAT audit reports that make light work of previously time-consuming tasks.

Manages your customers and suppliers

Can you instantly pinpoint your most profitable customers? Can you keep tabs on which suppliers are the most reliable? Sage Line 50
lets you manage your data efficiently enabling you to maximize your CRM by prioritizing the customers that count.

Manages your cash flow

Keeping track of cash flow is vital for your financial success. Sage Line 50 doesn't just track your cash flow, it identifies areas that can
be improved - from highlighting outstanding payments to prioritizing payments for enhanced credit control.

Manages your stock

Do you know how much stock you hold? Too much stock can be expensive and too little risks disrupting production and supply. Sage
Line 50 enables you to manage your stock levels effectively so you know exactly where you stand at all times.

Sage Line 50 Versions

There are three versions of Sage Line 50 to choose from: Sage Line 50 Accountant (up to two-users), Sage Line 50 Accountant Plus
(up to two-users) and Sage Line 50 Financial Controller (up to six users), depending on your business needs.

Sage Additions for Line 50

Sage Line 50 comes with a full suite of specialist accounting add-ons to enable you to customize your software further. Sage
Additions for Line 50 covers a wide variety of business processes to suit the needs of specific industries - for example, point of sale
technology for retail businesses.

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