Nearly 4 million companies around the world rely on Sage accountancy packages - they are easy to use, flexible enough to grow as your business grows and specifically designed to meet the particular needs of small and medium sized businesses.
This course, developed in conjunction with Sage, provides an excellent introduction to key accountancy tasks and how to process these in Sage Line 50.
Basic bookkeeping concepts such as double entry, processing customer transactions, Trial Balance and VAT are fully explained as well as the role of key management reports such as Profit and Loss and the Balance Sheet within the business.
You then have the opportunity to put theory into practice using the Sage Line 50 application to construct customer and supplier records, post invoices, payments and receipts, carry out a bank reconciliation and produce Trial Balance, Profit and Loss Reports and a Balance Sheet.
Each section of the course includes an interactive lesson, a simulation of Sage Line 50, a quiz and finally exercises and assignments using Sage Line 50 and the skills you have been shown in a real life situation.
The course is available online using learndirects elearning system, on completion you will receive a certificate from learndirect there is no exam. The course modules are as follows and the normal duration is 4hrs;
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| - | Record sales details in the Sales Ledger and Debtors Control Account |
| - | Record purchase details in the Purchase Ledger and the Creditors Control Account |
| - | Record all VAT transactions |
| - | Construct a Trial Balance to check the accuracy of your account entries |
| - | Derive and interpret the Profit and Loss Account and the Balance Sheet for your business |
| - | Record pre payments and accruals correctly |
| - | Apply the concepts of depreciation to fixed assets |
| - | Account for bad debts |
| - | Construct a Bank Reconciliation Statement |
| - | Modify the Profit and Loss and Balance Sheet to account for bank reconciliation adjustments |
| - | Apply some common performance measures to your business |
Course code: 100693SM001