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Print PageSage Line 50 Accounts Stage 2: The Essential Period End Routines
Description:
This two-day course is the second stage of essential training for Sage Line 50 users. It concentrates on all of the credit control and period end routines that are necessary in order to continue problem-free accounting.
- Cost: €575.00
- Duration: 2 days
- This course is not available as part of our public schedule but can be provided on a customised client specific basis.
Prerequisites:
Unless you are adequately familiar with the core accounting functions of Sage Line 50, you should first attend Sage Line 50 Stage 1 - The Accounting Fundamentals. As with all our training courses which deal with accounting software, familiarity with basic business terms such as invoice, VAT, double entry and so on is assumed. You may also find it useful to set some outline objectives to be achieved in utilising each program feature.
Introduction & Navigation:
Learn about main screen Navigation & Shortcut keys. Gain an overview of the three integrated ledger systems used in Line 50, those of nominal, sales and purchase ledgers.
Prepayments & Accruals *:
Explain and setup a prepayment and accrual for accurate monthly reporting.
Credit Control:
Producing credit control information both visually on screen and via printed reports i.e statements and letters
Interest on Late Payments :
Look at how to calculate interest on late paying customers.
Bad Debts, Write Offs and Contras * :
In this session learn how Sage Line 50 deals with bad debts and how the wizard will automatically create a transaction that will reverse the transaction on your audit trail.
New improved Bank Reconciliation and e-Reconciliation :
Discover how easy it is to reconcile your bank account within Sage Line 50 against your actual bank statement. Then, for Internet users, we move on to look at how to download your electronic bank statement into Sage Line 50, and how to perform the e-reconciliation process.
Cash flow:
This session looks at how to utilise this handy tool to best advantage, ensuring you are always in the best position and know how to avoid a negative cash flow situation.
Using Multiple Charts of Accounts :
Learn how to set up multiple charts of accounts so that you can select different levels of details in your Profit and Loss and Balance Sheet reports.
Management Reports:
Produce the management reports i.e Trial Balance, Profit & Loss, Balance Sheet and Budget reports.
Export Data:
Export data from Sage and transfer to Microsoft Outlook, Excel and Word.
VAT:
Perform the VAT return routine and reconcile to the VAT Accounts.
Year End:
Prepare and run a Year End, including an accountants link to send data to your accountant, so your accountant can work out any necessary adjustments.
Multi-company:
Create multi-companies for associated companies or branches.