Sage50 Level 1

Program Description & HIGHLIGHTS

Sage 50 Premium Accounting Level 1 teaches the student how to perform daily accounting tasks in the General Ledger, Accounts Receivable, Accounts Payable, and Payroll modules. This is an introduction to accomplish basic accounting tasks using Sage 50 Premium Accounting. Students will create company files and enter transactions for general ledger, accounts receivables, accounts payable, inventory, and payroll. It further offers practices and exercises for a wide variety of accounting transactions and produces the financial statements.

Learning Objectives

Upon completion of this program the successful student will have reliably demonstrated the ability to complete the following exercises using Sage50.

  • start and exit Sage 50 Accounting
  • identify the Sage 50 Accounting Home window
  • move around Sage 50 Accounting
  • use the Help system
  • understand the Chart of Accounts, how it works, differentiate between different account types, and print the Chart of Accounts
  • create, modify, find, edit and delete accounts
  • save changes to data files
  • find and amend company information
  • work with the Session Date
  • review the General Module linked accounts
  • input, adjust, or reverse General Journal transactions
  • store and recall recurring transactions
  • produce a General Journal report
  • back up data files
  • create Inventory Accounts
  • create Inventory Items
  • create Service Items
  • review Inventory Linked Accounts
  • create Inventory Reports
  • create and modify Vendors
  • maintain the Shippers List
  • review Payables Linked Accounts
  • input Accounts Payable Inventory Purchases
  • input Non-Inventory Accounts Payable Purchases
  • make Purchases with Immediate Payment
  • create Recurring Transactions
  • issue Purchase Orders
  • fill Purchase Orders
  • view, adjust and void Posted Payables Invoices
  • make Payables Payments
  • make Prepayments
  • reverse Payables Payments
  • apply Prepayments
  • create Payables Reports
  • create Customers
  • modify Customers
  • review the Receivables Linked Accounts
  • insert Comments on Customer Forms
  • process Accounts Receivable Sales
  • create Recurring Transactions
  • process Sales Quotes
  • process Sales with Immediate Payment – Accounting for Over-The-Counter Sales
  • view, adjust and void Posted Receivables Transactions
  • process Receivables Receipts
  • reverse Receivables Receipts
  • process Prepayments and Deposits
  • apply Prepayments and Deposits
  • process Sales Returns
  • create Receivables Reports
  • check that Payroll has been set up correctly in Sage 50 Accounting
  • create Employee Records
  • modify Employee Records
  • review Payroll Linked Accounts
  • pay employees
  • create Recurring Transactions
  • work with Payroll Advances
  • view, adjust and void Posted Payroll Transactions
  • enter taxes manually
  • generate Payroll Reports
  • create Graphs
  • create and print Financial Reports
  • use the Daily Business Manager
  • use Checklists
  • check Data Integrity
  • print Documents in Batches
  • perform Month End Procedures
  • carry out Calendar Year End Procedures
  • perform Year End Procedures

Admissions Requirement

Minimum 19 years of age or minimum out of school for a year.

OFFERED CAMPUS

Offered at both Kelowna and Surrey campus.

FEES

Contact Focus College for pricing.

PROGRAM LENGTH

50 hours of classroom instruction plus exercises and project.

  • Sage 50 PREMIUM Accounting 2017, Isbn: 978-1-55332-512-3

  • Computer with Internet access & Sage50 2017

  • On campus delivery through lectures, demonstrations, group work and hands-on training.
  • Students are required to maintain 100% attendance throughout the program.
  • In order to graduate, students must pass all units through the program with a grade of 70% or higher.
  • Students are recommend to have a minimum of 2-3 hours of self study per day for this course.
  • Student progress is monitored weekly through assignments, quizzes, projects and tests. Final assessment is conducted at the end of the course for each program. 
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