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Sage 50 Accounts For Dummies® 2nd Edition

Name: Sage 50 Accounts For Dummies® 2nd Edition
Author: ACMA Jane Kelly
ISBN: 9781118308585

by ACMA Jane Kelly

June 2012

Beginner

424 pages

9h 20m

English

For Dummies

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Cover
Table of Contents
Title Page
Introduction
Part I: Setting Up and Installing Sage 50 Accounts
Chapter 1: Introducing Sage 50 Accounts
Looking at the Varieties of SageInstalling the SoftwareSetting Up with the Active Set-Up WizardRegistering Your SoftwareFinding Out How Easy Sage Is to UseNavigating Around SageUsing Wizards
Chapter 2: Creating Your Chart of Accounts and Assigning Nominal Codes
Understanding as Much as You Need to about AccountingLooking at the Structure of Your Chart of Accounts (COA)Editing Your Chart of AccountsChecking Your Chart of Accounts
Chapter 3: Setting Up Records
Choosing How to Create Your RecordsCreating Customer and Supplier RecordsCreating Your Nominal RecordsRecording Your Bank AccountsGetting Your Product Records in OrderSetting Up Fixed Asset Records
Chapter 4: Recording Your Opening Balances
Timing Your Switch to SageObtaining Your Opening BalancesEntering Opening Balances Using the WizardChecking Your Opening Balances
Part II: Looking into Day-to-Day Functions

Chapter 5: Processing Your Customer Paperwork
Posting Batch Entry InvoicesCreating Credit NotesRegistering Payments from Your CustomersDeleting Invoices and Credit Notes
Chapter 6: Invoicing Your Customers
Deciding on an Invoice TypeCreating InvoicesCommunicating Is KeyManaging Your Invoice ListSaving Time while You Ask for Money
Chapter 7: Dealing with Paperwork from Your Suppliers
Receiving and Posting InvoicesGetting CreditAllocating a Credit NotePaying Your SuppliersPrinting a Remittance Advice Note
Chapter 8: Recording Your Bank Entries
Understanding the Different Types of Bank AccountsTracking Bank Deposits and PaymentsTransferring Funds between AccountsRepeating Recurring EntriesDealing with Petty CashPaying the Credit Card Bill
Chapter 9: Maintaining and Correcting Entries
Checking and Maintaining Your FilesFinding Ways to Find TransactionsSearching For RecordsBacking Up DataRestoring Data
Part III: Functions for Plus and Professional Users
Chapter 10: Processing Sales Orders
Giving a QuoteCreating a Sales OrderAllocating Stock to an OrderDespatching OrdersInvoicing Your CustomersDeleting and Cancelling Sales Orders
Chapter 11: Processing Purchase Orders
Creating, Changing and Copying a Purchase OrderPlacing the Goods On OrderCompleting Your Purchase OrderPrinting Your Purchase OrderGetting the Goods InCreating an Invoice from an OrderDeleting, Cancelling and Un-Cancelling Orders
Chapter 12: Keeping Track of Your Products
Taking StockUnderstanding a Bill of MaterialsProcessing Stock ReturnsAllocating Stock
Chapter 13: Managing Projects
Appointing a Project’s Status and CostsManaging Project ResourcesTracking Project CostsAnalysing Project CostsCharging Your Customers for a ProjectCompleting Your Project
Chapter 14: Using Foreign Currencies
Setting Up Foreign CurrenciesTailoring the Foreign Trader ToolKeeping Trade Status in Mind when Setting Up AccountsProcessing the PaperworkBanking on Foreign CurrenciesDoing Revaluations with the Wizard
Part IV: Running Monthly, Quarterly and Annual Routines
Chapter 15 : Reconciling Your Bank Accounts
Recognising Reasons to ReconcileGetting Ready to ReconcileDoing the Actual ReconciliationTroubleshooting when Your Account Doesn’t ReconcileRounding Up Stragglers
Chapter 16: Running Your Monthly and Yearly Routines
Adding Up AccrualsCounting Out PrepaymentsDepreciating Fixed AssetsEntering JournalsCarrying Out Your Month-End RoutineManaging Cash FlowDoing a Year-End Routine
Chapter 17: Running Your VAT Return
Understanding Some VAT BasicsRunning the VAT Return Checking Your VAT ReturnMaking Manual Adjustments to Your VAT ReturnReconciling Your VAT TransactionsSubmitting Your VAT ReturnClearing Down Your VATChanging VAT schemesPosting Scale ChargesReporting Intrastat
Part V: Using Reports
Chapter 18: Running Monthly Reports
Making the Most of Standard ReportsChecking the Chart of Accounts FirstFiguring Out the Financial ReportsKeeping an Eye on Your Budget ReportLooking Back with the Prior Year ReportViewing the Audit TrailForgetting the Periods and Going TransactionalDesigning Reports to Suit Yourself
Chapter 19: Tackling the Complicated Stuff
Exporting DataImporting DataLinking to Your AccountantTrying e-Banking Working with Document Manager
Chapter 20: Running Key Reports
Checking Activity through the Nominal CodesLooking into Supplier ActivityTracking Customer ActivityChecking Numbers with Supplier Daybook ReportsFinding the Customers Who Owe YouPaying Attention to Your CreditorsHandling Unreconciled Bank TransactionsSurveying Your Profit and Loss – Actual, Budget and Prior YearDoing a Monthly Breakdown of Profit and LossRanking Your Top Customers
Chapter 21: Going Mobile
Installing Sage 50 MobileNavigating around Sage 50 Mobile
Part VI: The Part of Tens
Chapter 22: Ten (Okay, Eleven) Funky Functions
Browsing for Help with F1Calculating Stuff with F2Accessing an Edit Item Line for Invoicing with F3Finding Multiple Functions at F4Calculating Currency or Checking Spelling with F5Copying with F6Inserting a Line with F7Deleting a Line with F8Calculating Net Amounts with F9Launching Windows with F11Opening Report Designer with F12
Chapter 23: Ten (Or More) Wizards to Conjure
Creating a New Customer AccountSetting up a New SupplierInitiating a New Nominal AccountCreating a New Bank AccountLaunching a New ProductStarting Up a New ProjectHelping Out at Month-End: Opening/Closing StockFuelling Up: Scale ChargesHelping with Your Bookkeeping: VAT TransferSaving Time: Global ChangesHandling Currencies: Foreign Trader SetupKeeping Others in the Loop: Accountant Link
Appendix: Glossary
Cheat Sheet

Content preview from Sage 50 Accounts For Dummies® 2nd Edition

Part V

Using Reports

In this part . . .

Sage offers many reports that you can use to help manage your business. In this part, I show you how to check your Chart of Accounts layout to ensure that your Profit and Loss account and Balance Sheet are accurate. I look at the audit trail and review the different transaction types.

These chapters cover some of the standard reports you can create in Sage, but I also look at ways of exporting data from Sage and creating your own reports within Microsoft Excel.

For those of you who like using technology, Chapter 19 offers an introduction to e-banking and a review of the Accountant Link, so you can see how it can save your business time and money. This chapter also shows you how the Document Manager can help you organise your paperwork. And for those of you who love apps, Chapter 20 delves into using Sage 50 on your mobile.

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Sage 50 Accounts For Dummies® 2nd Edition

by ACMA Jane Kelly

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.