Course Content

Session 1: Settings

• Company preferences, financial year, tax codes, departments and currencies

Session 2: Nominal Records

• Explanation of nominal codes structure
• Creating, amending, deleting nominal records

Session 3: Suppliers and Customer Records

• Creating supplier records
• Entering supplier opening balances
• Processing batch supplier invoices and credit notes
• Printing day books, supplier invoices and credit notes
• Printing aged creditor analysis reports
• Creating customer record
• Entering customer opening balances
• Processing batch customer invoices and credit notes
• Set-up of non-stock product records
• Processing product and service system generated invoices and credit notes
• Printing aged debtor analysis reports

Session 4: Bank

• Creating bank accounts
• Entering opening bank balance per bank statement
• Entering outstanding cheques
• Processing supplier payments, processing non-supplier payments
• Processing customer receipts, processing non-customer receipts
• Set-up and processing bank recurring entries
• Processing bank reconciliation, printing bank reports

Session 5: VAT return

• VAT return explained
• Calculate VAT return for the required date range
• Printing of VAT reports
• Compare the VAT return figure with control accounts

Session 6: Journal Entries

• Entering wages journal
• Processing wages payments, processing PAYE/PRSI payments
• Entering nominal opening balances

Session 7: Error Correction and Housekeeping

Session 8: Financial Reporting

• Nominal activity reporting
• Setting up nominal budgets
• Trial balance
• Profit and loss account
• Balance sheet
• Budgets report
• Prior year report
• Amending chart of accounts layout

Session 9: Month/Year End

• Clear turnover figures
• Post accruals
• Post prepayments
• Post depreciation
• Financial reports to print for auditors
• Carry-out of the year end procedure

For information on future Sage Accounting courses check our schedule or call your local office now!