Sage 50 Accounts v25 Advanced

About Course

Welcome to the Sage 50 Accounts v25 Advanced level.

The Sage 50 Accounts v25 Advanced course provides a fantastic insight into using the Sage 50 Accounts software.

The course will explore various ways in which you undertake everyday financial transactions in the Sage 50 Accounts computerised system.

In order to complete the course candidates must do the following:

Read all course modules
Complete final assessment tests at beginners, intermediate & advanced levels

How can I access the Software?

As part of the course, it is useful for you to follow along and practice each function discussed by using the trial version of the Sage 50 accounts software. The free Sage 50 trial will give you access for 1 month.

Try Sage 50 Accounts for Free

For any questions about Sage 50 software access, please contact info@9globalcareers.ie.

Who is my course Tutor?

For tutor support, please contact info@9globalcareers.ie with your query.

How can I sit the exam?

Once you have read through all the course modules below and feel fully prepared, please contact info@9globalcareers.ie for information on how to access the mock exam and final exam for the Sage 50 Accounts v25 Advanced course.

We hope you enjoy the course, and good luck!

Course Content

Credit Control and Chasing Debt (Part I)

Getting started with your course
Introduction
The Importance of Credit Control in a Business
Ageing Periods for Invoices
How to Set Sage 50 to Age Customer Accounts
How to Set Up Credit Controls on Accounts
Account Status
Steps to Amend Existing Account Status
The Chase Debt Feature
Suggest Payments

10 Topics

Chasing Debt and Credit Control (Part II)

Introduction
Credit Control
How to use the Chase Debt Feature
The Overdue Column
How to Record Contact Information for Customers
How to Flag Transactions in Dispute
How to Write Off Outstanding Transactions
How to View the Day Sales Analysis Information
How to Manually Write off Bad Debts to Invoices
Sage 50 Accounts and Credit Control

10 Topics

Chasing Debt and Credit Control (Part III)

Introduction
Credit Control Dashboard Views
How to Use the Communications Function for Enhanced Credit Control
Recall: How to Record a Communication (this can be used for Credit Control Purposes)
How to use the Credit Control Reporting Function
Additional Credit Control Reports
Cash Flow Option
How to Enter Manual Entries in a Cash Flow

8 Topics

How to Run and Manage your VAT Returns

Introduction
Differentiating between Input VAT and Output VAT
A Comparison of Sage’s Accounting Methods
How to Manage your VAT Return
How Sage 50 Calculates the Standard VAT Total
How to Prepare a VAT Return
How to Complete the Standard VAT Return
How Sage 50 Calculates Cash VAT Accounting

8 Topics

VAT returns (Part II), Fuel Scale Charges and Intrastat

Introduction
Steps to Perform a Manual Submission of VAT Returns
How to Switch from Standard VAT Accounting to Cash VAT Accounting
How to Amend Tax Codes after Switching to the Cash VAT Scheme
How to Switch from the Cash VAT Accounting Scheme to the Standard VAT Accounting Scheme
How to Post Fuel Scale Charges in Sage 50
How to Calculate Fuel Charges
How to Report Intrastat

8 Topics

How to Use Foreign Currencies in Sage 50 (Part I)

Introduction
How to Set Up and Activate the Foreign Trader Option
How to Set Up Foreign Currencies
How to Amend or Check a Currency in the Customer or Supplier Record
How to Amend or Check the Currency on a Bank Record
How to Post Foreign Currency Transactions
How to Reverse a Bank Transfer
How to Revalue a Foreign Currency Bank Account
Changes After you Complete the Foreign Trader Setup Wizard
How to Convert Currencies with the F5 Key:

10 Topics

How to Use Foreign Currencies in Sage 50 (Part II); How to Convert Quotations into Sales Invoices or Orders

Introduction
How to View Foreign Currency Invoices
How to Enter Batch Invoices and Credit Notes in Foreign Currency
How to Manage Customer Receipts and Supplier Payments
How to Deposit Foreign Currencies
The Effect of Fluctuating Exchange Rates on Business Transactions
How to Convert Quotations into Sales Invoices or Orders
How to Create a Product Quote
How to Create a Service Quote
How to Create a Product Quote Sales Order
How to Amend the Status of a Quote

11 Topics

Managing Projects (Part I)

Introduction
Project Status and Costs
A Closer Look at Cost Codes and Types
How to Create a New Project Record
The Budgets Window
How to Enter Project Budgets
How to use Sage 50 Features to Analyse Costs Versus Budget for the Project

7 Topics

Managing Projects (Part II); Project Reports

Introduction
Committed Costs
How to Create or Amend a Resource
Project Transactions Analysis
How to Amend or Delete a Bank Payment or Purchase Invoice
The Difference between Critical and Non-Critical Values
Transactions that cannot be Amended or Deleted
How to Use the ‘Unallocate’ Option to Correct Errors
How to Delete a Project
Project Reports

10 Topics

Project Reports, Report Designer and Audit Trails

Introduction
Project Reports
Day Books Report
Project Details Report
Project Profitability by Customer and Date
Purchase Order Reports
Resources Reports
Stock Allocation Reports
How to Generate Reports in Sage 50
How to Add Variables to a Report
How to Add a Group
Important Insights Regarding Reports in Sage 50
Profit and Loss Report
The Audit Trail

14 Topics

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About Course

Course Content

Credit Control and Chasing Debt (Part I)

Getting started with your course

Introduction

The Importance of Credit Control in a Business

Ageing Periods for Invoices

How to Set Sage 50 to Age Customer Accounts

How to Set Up Credit Controls on Accounts

Account Status

Steps to Amend Existing Account Status

The Chase Debt Feature

Suggest Payments

Chasing Debt and Credit Control (Part II)

Introduction

Credit Control

How to use the Chase Debt Feature

The Overdue Column

How to Record Contact Information for Customers

How to Flag Transactions in Dispute

How to Write Off Outstanding Transactions

How to View the Day Sales Analysis Information

How to Manually Write off Bad Debts to Invoices

Sage 50 Accounts and Credit Control

Chasing Debt and Credit Control (Part III)

Introduction

Credit Control Dashboard Views

How to Use the Communications Function for Enhanced Credit Control

Recall: How to Record a Communication (this can be used for Credit Control Purposes)

How to use the Credit Control Reporting Function

Additional Credit Control Reports

Cash Flow Option

How to Enter Manual Entries in a Cash Flow

How to Run and Manage your VAT Returns

Introduction

Differentiating between Input VAT and Output VAT

A Comparison of Sage’s Accounting Methods

How to Manage your VAT Return

How Sage 50 Calculates the Standard VAT Total

How to Prepare a VAT Return

How to Complete the Standard VAT Return

How Sage 50 Calculates Cash VAT Accounting

VAT returns (Part II), Fuel Scale Charges and Intrastat

Introduction

Steps to Perform a Manual Submission of VAT Returns

How to Switch from Standard VAT Accounting to Cash VAT Accounting

How to Amend Tax Codes after Switching to the Cash VAT Scheme

How to Switch from the Cash VAT Accounting Scheme to the Standard VAT Accounting Scheme

How to Post Fuel Scale Charges in Sage 50

How to Calculate Fuel Charges

How to Report Intrastat

How to Use Foreign Currencies in Sage 50 (Part I)

Introduction

How to Set Up and Activate the Foreign Trader Option

How to Set Up Foreign Currencies

How to Amend or Check a Currency in the Customer or Supplier Record

How to Amend or Check the Currency on a Bank Record

How to Post Foreign Currency Transactions

How to Reverse a Bank Transfer

How to Revalue a Foreign Currency Bank Account

Changes After you Complete the Foreign Trader Setup Wizard

How to Convert Currencies with the F5 Key:

How to Use Foreign Currencies in Sage 50 (Part II); How to Convert Quotations into Sales Invoices or Orders

Introduction

How to View Foreign Currency Invoices

How to Enter Batch Invoices and Credit Notes in Foreign Currency

How to Manage Customer Receipts and Supplier Payments

How to Deposit Foreign Currencies

The Effect of Fluctuating Exchange Rates on Business Transactions

How to Convert Quotations into Sales Invoices or Orders

How to Create a Product Quote

How to Create a Service Quote

How to Create a Product Quote Sales Order

How to Amend the Status of a Quote

Managing Projects (Part I)

Introduction

Project Status and Costs