Sage 50 Online Course Outline

Sage 50 Accounting Online Course Outline

Module 1: Introduction to Sage 50

• What is Sage 50? Overview & Features

• Differences between Sage 50 Pro, Premium & Quantum

• Navigating the Sage 50 Interface (Home Window, Modules, Navigation)

• Setting up Company Preferences

Module 2: Company Setup

• Creating a New Company in Sage 50

• Setting Fiscal Year & Accounting Method

• Entering Company Information (Address, Tax Settings, etc.)

• Backup & Restore Company Data

Module 3: General Ledger & Chart of Accounts

• Understanding the Chart of Accounts

• Creating, Editing & Deleting Accounts

• Journal Entries (Manual)

• Trial Balance & Financial Reports

Module 4: Vendors & Purchases

• Setting up Vendor Records

• Entering Purchase Orders & Bills

• Recording Vendor Payments

• Tracking Accounts Payable (A/P)

Module 5: Customers & Sales

• Setting up Customer Records

• Creating Sales Invoices & Sales Orders

• Recording Customer Payments & Deposits

• Tracking Accounts Receivable (A/R)

Module 6: Inventory Management

• Setting up Inventory Items

• Adjusting Inventory Levels

• Recording Purchases & Sales of Inventory Items

• Inventory Reporting

Module 7: Banking & Cash Management

• Setting up Bank Accounts

• Recording Bank Deposits & Payments

• Reconciling Bank Accounts

• Handling Petty Cash

Module 8: Payroll Management

• Setting up Employees & Payroll Settings

• Recording Payroll Transactions (Manual & Automatic)

• Payroll Deductions & Benefits

• Payroll Reporting & Compliance

Module 9: Job Costing & Projects

• Creating & Managing Jobs/Projects

• Allocating Costs & Revenues to Projects

• Project/Job Reporting

Module 10: Reporting & Analysis

• Generating Financial Statements (Balance Sheet, Income Statement)

• Customizing Reports

• Exporting Reports to Excel/PDF

Module 11: Advanced Features

• Budgeting in Sage 50

• Multi-Currency Setup & Transactions

• Security Settings & User Management

• Integrations (Excel, Outlook, etc.)

Module 12: Final Project & Assessment

• Practical Exercises (Creating Company, Entering Transactions, Reconciling Accounts)

• Generating a Full Set of Reports for a Sample Business

• Final Assessment / Certification Test