Simply Accounting
Simply Accounting - Level I
Simply Accounting - Level II
Duration: 6 hours each level
Fees: Registration = $30.00
Tuition fee: $15.00/hour Group price (4 or more
students)
----------------$40.00/hour (private)
Simply Accounting - Level 1
Course Description
This is an introduction to accomplishing basic accounting tasks using Simply Accounting. 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 a Microsoft Windows - Level 1 and Accounting Fundamentals course, or have equivalent work experience.
Courseware Outline
Introduction
- What is Simply Accounting?
- Starting Simply Accounting
- Selecting a Set of Data Files
- Looking at the Simply Accounting Home Window
- Understanding the Chart of Accounts
- Saving Changes
- Company Information
- Printing the Chart of Accounts
- Understanding the Session Date
- Accounting / Non-Accounting Terminology
- General Module Linked Accounts
- General Journal Transactions
- Recurring Transactions
- Adjusting and Reversing General Journal Entries
- The General Journal Report
- Backing Up Simply
- Accounting Data Files
- Exiting Simply Accounting
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Accounts Payable
- Creating & Modifying Vendors
- Setting Up the Shippers List
- Payables Module Linked Accounts
- Purchasing Inventory on Account
- Non-Inventory Purchases
- Purchases With Immediate Payment
- Recurring Entries
- Purchase Orders
- Filling a Purchase Order
- Creating a Purchase Invoice from a Purchase Order
- Viewing, Adjusting & Voiding Posted Payables Invoices
- Payables Payments
- Paying Vendor Invoices
- Making Prepayments
- Payables Reports
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Accounts Receivable
- Creating & Modifying Customers
- Receivables Module Linked Accounts
- Accounts Receivable Sales
- Recurring Transactions
- Sales Quotes
- Accounting for Over-the-Counter Sales
- Viewing, Adjusting & Voiding Posted Receivables Transactions
- Receivable Receipts
- Receiving Payment 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 & Service Data
- Inventory Module Linked Accounts
- Inventory Reports
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Simply Accounting - Level II
Course Description
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 with work experience in the basic operations of Simply Accounting by Sage, and/or have completed Simply Accounting by Sage Level I.
Courseware Outline
Setting Up Data Files & Customizing Settings
- Creating a New Company
- Using the Setup Wizard
- Setting Up the General Ledger
- Entering Opening Balances
- Setting Up Linked Accounts
- Entering Vendors and Purchases History
- Entering Customers and Sales History
- Entering Inventory and Services History
- Entering Employees and Payroll History
- Finish Entering Historical Data
- Setting Up Sales Taxes
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Payroll Overview and Setup
- Creating Employee Records
- Modifying Employee Records
- Payroll Linked Accounts
- Paying Employees
- Recurring Transactions
- Payroll Advances
- Viewing, Adjusting & Voiding Posted Payroll Transactions
- Entering Taxes Manually
- Payroll Reports
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Banking and Credit Cards
- Setting up the Bank Reconciliation
- Setting Up an Account for Reconciliation
- Reconciling an Account for the First Time
- Reconciling an Account
- Working with Credit/Debit Card Transactions
- Entering Customer Sales on Credit Card
- Reconciling the Credit Card Account
- Creating & Setting Up Credit Cards for Purchases
- Enter Vendor Purchases on Credit Card
- Reconciling the Credit Card Statement
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Reporting, Miscellaneous & Period End Procedures
- Creating Graphs
- Creating & Printing Financial Reports
- Using the Daily Business Manager
- Processing Transactions in the Daily Business Manager
- Using Checklists
- Checking Data Integrity & Compacting the Database
- Setting up Batch Printing
- Printing in Batches
- Month End Procedures
- Year End Procedures
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Working with Foreign Currencies
- Dealing with Foreign Currency
- Setting Up Foreign Currency
- Setting Up A Foreign Currency Bank Account
- Setting Up A Vendor
- Setting Up For Sales to Foreign Customers
- Pricing Inventory & Services
- Setting Up Foreign Customers
- Tracking Import Duty Information
- Making Purchases
- Making Sales Using A Foreign Currency
- Foreign Currency Reporting
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