Simply Accounting Level 1 & 2 Course

Simply Accounting Level 1

This course includes learning basic accounting tasks using Sage Simply Accounting Premium 2013. Students will learn to enter transactions for general ledger, accounts receivable, accounts payable, inventory, and managing capital expenses.

Upon completion of this hands-on course, students will be able to:

  • Create a new company data file without using a Chart of Accounts template
  • Setup the bank reconciliation feature and reconcile bank accounts
  • Work with security options in Simply Accounting
  • Create budgets and budget reports
  • Work with projects (departments)
  • Transfer and write off inventory items
  • Use advanced payroll features
  • Remit payroll deductions and company contributions to Canada Revenue Agency
  • Charge interest on overdue accounts
  • Prepare customer statements
  • Record unpaid cheques for receipts and account for bad debts
  • Remit GST and PST , and handle WCB
  • Clear transactions in Simply Accounting
  • Perform various tasks in Simply Accounting

Import data from other accounting programs

  1. INTRODUCTION AND GENERAL JOURNAL
  • Moving around in Sage50
  • Working with accounts
  • Session date
  • Set up Company module
  • General Journal transactions

 

  1. INVENTORY AND SERVICES
  • Set up Inventory module
  • Inventory transactions

 

  1. ACCOUNTS PAYABLE
  • Set up payables module, working with suppliers and accounts payable transactions
  • Modifying existing purchase invoices
  • Batch printing, prepayments and reversing payments
  • Accounts payable reports

 

  1. ACCOUNTS RECEIVABLE
  • Set up receivables module
  • Accounts receivable transactions, record receipts, adjusting transactions and refunds
  • Accounts receivable reports and charging interest on overdue accounts
  • Record NSF payments and write off bad debts
  • Remit HST owing/receivable

 

  1. PAYROLL
  • Set up payroll module
  • Payroll transactions, corrections and reports
  • Set up income and deduction types
  • Working with payroll authorities
  • Final pay, vacation pay, ROE information, mass updates and T4’s

 

  1. BANKING AND CREDIT CARDS
  • Bank reconciliation, setting up credit cards and managing petty cash

 

  1. MONTH END AND YEAR END
  • Month end and year end procedures and setting up sales taxes

Simply Accounting Level 2

This intermediate level course covers more advanced accounting tasks using Simply Accounting.

Upon completion of this hands-on course, students will be able to:

  • Create a new company data file without using a Chart of Accounts template
  • Setup the bank reconciliation feature and reconcile bank accounts
  • Work with security options in Simply Accounting
  • Create budgets and budget reports
  • Work with projects (departments)
  • Transfer and write off inventory items
  • Use advanced payroll features
  • Remit payroll deductions and company contributions to Canada Revenue Agency
  • Charge interest on overdue accounts
  • Prepare customer statements
  • Record unpaid cheques for receipts and account for bad debts
  • Remit GST and PST , and handle WCB
  • Clear transactions in Simply Accounting
  • Perform various tasks in Simply Accounting
  • Import data from other accounting programs

Setting up Data Files and Customizing Settings

Creating a New Company

Customizing Simply Accounting

Banking and Credit Cards

Setting up the Bank Reconciliation

Reconciling an Account for the First Time

Printing the Bank Reconciliation Report

Working with Credit/Debit Card Transactions

Entering Customer Sales on Credit Card

Reconciling the Credit Card Account

Creating and Setting up Credit Cards for Purchases

Enter Vendor Purchases on Credit Card

Reconciling the Credit Card Statement

Security, Budgets, Projects and Inventory

Adding Passwords and Security

Accessing the System Administrator

Budgeting

Handling Project/Department Accounting

Setting up Projects/Departments

Allocating Expenses and Revenues

Managing Inventory

Additional Payroll Features

Checking the Tax Tables

Introducing Types of Income and Deductions

Introducing Types of Deductions

Setting Payroll Remittance

Employee Benefits

Setting up Batch Printing of Paycheques

Allocating Payroll Cheques to a Project/Department

Generating a Payroll Run

Remitting Payroll Deductions/Contributions

Releasing Vacation Pay

Employee Departures

Generating T4 Slips

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

Tracking Import Duty Information

Foreign Currency Reporting

Reports, Records and Importing Data

Charging Interest on Overdue Accounts

Preparing Customer Statements

Handling NSF Cheques

Handling Bad Debts

Clearing Transactions

Making Records Inactive

Handling GST and GST Remittances

Handling and Remitting Provincial Sales Tax

Remitting PST

Handling and Remitting WCB Premiums

Customizing Simply Accounting Journals

Viewing Account Numbers

Printing Labels

Using E-mail in Simply Accounting

Accessing the Simply Accounting by Sage Web site

Performing Management Reporting

Exporting Reports

Using the New Business Guide

Finding Important Code Numbers

Using Simply Forms Designer

Time Slips