Learn to use a multi-module accounting software program designed for small to medium-size businesses. You will apply your existing knowledge accounting principles to create and maintain accounting records, including period end procedures and the creation of financial statements for sole proprietorships in a computerize accounting system.

Recommended: An introductory accounting course or bookkeeping/accounting experience. Software: Sage 50 (Formerly Simply Accounting) . Course textbook includes a trial version of Sage 50 software.

The tools to become highly skilled in the use of Sage 50 Accounting Software are at learners’ fingertips with our Sage 50 learning solution. Walk through the many steps needed to become proficient in various accounting techniques. Cover everything from performing tasks in the General Ledger, Accounts Receivables, Accounts Payable, Inventory and Managing Capital Expenses, to some of the more advanced functions and capabilities of the Sage 50 Accounting Software.

Provide learners the opportunity to learn the ins and outs of this robust and flexible accounting software with our Sage 50 learning solution.


Lesson 1: introduction
Lesson Objectives
What is Sage 50 Accounting?
Starting Sage 50 Accounting
Selecting a Set of Data Files
Looking at the Sage 50 Accounting
Home Window
Navigating the Help System
The Learning Centre
Understanding the Chart of Accounts
Account Types
Creating Accounts
Modifying Accounts
Finding and Modifying an Account
Deleting Accounts
Saving Changes
Company Information
Printing the Chart of Accounts
Understanding the Session Date
Inputting Dates
Accounting / Non-Accounting
General Module Linked Accounts
General Journal Transactions
Recurring Transactions
Creating and Storing Recurring
Recalling Stored Recurring
Reversing General Journal Entries
The General Journal Report
Practice Exercises
Backing Up Data Files
Exiting Sage 50 Accounting
Lesson Summary
Review Questions
Lesson 2: Inventory and Services
Lesson Objectives
Inventory Accounts
Checking Inventory Accounts
Creating Inventory Accounts
Creating Inventory Items
Creating Service Items
Modifying Inventory & Service Items
Inventory Module Linked Accounts
Inventory Reports
Backing Up Data Files
Practice Exercises
Lesson Summary
Review Questions
Lesson 3: Accounts Payable
Lesson Objectives
Creating Vendors
Modifying Vendors
Setting Up the Shippers List
Payables Module Linked Accounts
Accounts Payable Inventory Purchases
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
Refunding Prepayments
Reversing Payments
Payables Reports
Backing Up Data Files
Practice Exercises
Lesson Summary
Review Questions

Lesson 4: Accounts Receivable
Lesson Objectives
Accounts Receivable Customers
Modifying Customer Information
Receivables Module Linked Accounts
Comments on Customer Forms
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
Prepayments & Deposits
Applying Deposits/Prepayments
Sales Returns
Receivables Reports
Backing Up Data Files
Practice Exercises
Lesson Summary
Review Questions
Lesson 5: Payroll
Lesson Objectives
Payroll Overview and Set Up
Creating Employee Records
Modifying Employee Records
Payroll Linked Accounts
Paying Employees
Recurring Transactions
Payroll Advances
Viewing, Adjusting & Voiding Posted
Payroll Transactions
Entering Taxes Manually
Vacation Pay in Canada
Payroll Reports
Backing Up Data Files
Practice Exercises
Lesson Summary
Review Questions
Lesson 6: Reporting, Miscellaneous
and Period End Procedures
Lesson Objectives
Creating Graphs
Creating and Printing Financial Reports
Using the Daily Business Manager
Processing Transactions in the Daily
Business Manager
Using Checklists
Checking Data Integrity and
Compacting the Database
Printing in Batches
Setting Up Batch Printing
Printing in Batches
Month End Procedures
Calendar Year End Procedures
Year-End Procedures
Backing Up Data Files
Practice Exercises
Lesson Summary
Review Questions


Lesson 1: Setting Up Data Files and Customizing Settings
Lesson Objectives
Creating a New Company
Using the Setup Wizard
Setting up the General Ledger
Entering Opening Balances
Reviewing Linked Accounts
Reviewing and modifying Sales
Entering Suppliers and Purchases
Entering Customers and Sales
Entering Inventory and Services
Entering Employees
Finish Entering Historical Data
Customizing Simply Accounting
Lesson Summary
Review Questions
Lesson 2: Banking and Credit Cards
Lesson Objectives
Making Deposits
Setting up the Bank Reconciliation
Setting up an Account for
Reconciling an Account for the First
Reconciling an Account
Printing the Bank Reconciliation Report
Working with Credit/Debit Card
Entering Customer Sales on Credit
Reconciling the Credit Card Account
Creating and Setting up Credit Cards
for Purchases
Entering Supplier Purchases on Credit
Reconciling the Credit Card
Making credit Card Payments
Using Debit Cards
Petty Cash
Lesson Summary
Review Questions
Lesson 3: Security, Budgets, Projects and Inventory
Lesson Objectives
Adding Passwords and Security
Accessing the System Administrator
Adding a User
Changing or Deleting a User’s
Deleting a User
Removing Security Options from
the Data file
Activating the Budget Option
Creating a Budget
Reporting Against the Budget
Updating the Budget
Handling Project/Department
Setting up Projects/Departments
Allocating Expenses and Revenues
Reporting on Project/Department
Performance and Budgets
Managing Inventory
Performing Inventory Counts
Writing off Inventory
Looking at Item Assembly
Bill of Materials vs. Item Assembly
Adding Thumbnails to inventory
Lesson Summary
Review Questions

Lesson 4: Additional Payroll Features
Lesson Objectives
Checking the Tax Tables
Introducing Types of Income and
Introducing Types of Deductions
Setting Payroll Remittances
Employee Benefits
Setting up Batch Printing of
Allocating Payroll Cheques to a
Generating a Payroll Run
Remitting Payroll
Releasing Vacation Pay
Employee Departures
Generating a Record of
Handling and Remitting WCB Premiums
Remitting WCB Premiums
Generating T4 Slips
Setting up Printer Options in
Preparation for T4 Slips
Printing T4 slips
Lesson Summary
Review Questions
Lesson 5: Working with Foreign

Lesson Objectives
Dealing with Foreign Currency
Setting up Foreign Currency
Setting up a Foreign Currency Bank
Setting up a Supplier
Setting up for Sales to Foreign
Pricing Inventory and Services
Setting up Foreign Customers
Tracking Import Duty Information
Foreign Currency Reporting
Lesson Summary
Review Questions
Lesson 6: Reports, Records and
Exporting Data

Lesson Objectives
Charging Interest on Overdue
Preparing Customer Statements
Setting up the Statements
Printing or E-mailing a Customer
Handling NSF Cheques
Handling Bad Debts
Writing Off a Bad Debt
Clearing Transactions
Making Records Inactive
Handling GST and GST Remittances
Calculating the Amount of GST
Handling and Remitting Provincial Sales
Customizing Simply Accounting
Viewing Account Numbers
Printing Labels
Using E-mail in Simply Accounting
Accessing the Simply Accounting by
Sage Web site
Performing Management Reporting
Using the Dashboard
Exporting Reports
Finding Important Code Numbers
Using Simply Forms Designer
Inserting a company logo
Deleting a Custom Report
Time Slips
Creating Job Categories
Creating a Time Slip
Time and Billing Report
Lesson Summary
Review Questions


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