Sage 50 Accounts For Dummies, 3rd UK Edition

Book description

The easy way to come to grips with Sage 50 Accounts

Written by a Sage 50 Accounts expert and packed with step-by-step instructions, this hands-on, accessible guide is the easiest way to master this popular small business accounting software. Walking you through every aspect of setting up and using Sage 50 Accounts—from installing software to running VAT returns and producing year-end accounts—Sage 50 Accounts For Dummies offers easy-to-follow guidance on the quickest way to complete tasks and customise Sage to suit your specific business needs.

Recommended by 90% of accountants, Sage 50 Accounts is Europe's best-known small business accounting package. Now completely updated to reflect the latest version of Sage 50 Accounts, this friendly guide takes the hassle out of working with the software. In no time, you'll be navigating your way around the new Sage 50 Accounts interface, making sense of the latest changes to backups, and confidently taking control of your business' finances—freeing you up to spend your time managing other areas of your business.

  • Reflects the latest changes in the 2015 edition of Sage 50 Accounts software

  • Shows you how to set up and use Sage 50 Accounts with minimal fuss

  • Provides helpful screenshots to help you every step of the way

  • Offers guidance on going mobile with the Sage 50 app

  • Whether you're new to Sage 50 Accounts or just need to get up and running on the newest software, this no-nonsense guide makes it easy.

    Table of contents

    1. Cover Page
    2. Title Page
    3. Copyright
    4. Contents at a Glance
    5. Table of Contents
    6. Introduction
      1. About This Book
      2. Foolish Assumptions
      3. Icons Used in This Book
      4. Beyond the Book
      5. Where to Go from Here
    7. Part I: Getting Started with Sage 50 Accounts
      1. Chapter 1: Introducing Sage 50 Accounts
        1. Looking at the Varieties of Sage
        2. Installing the Software
        3. Setting Up with the Active Set-Up Wizard
        4. Registering Your Software
        5. Finding Out How Easy Sage Is to Use
        6. Navigating Around Sage
        7. Using Wizards
      2. Chapter 2: Creating Your Chart of Accounts and Assigning Nominal Codes
        1. Understanding as Much as You Need to about Accounting
        2. Looking at the Structure of Your COA
        3. Editing Your COA
        4. Checking Your COA
      3. Chapter 3: Setting Up Records
        1. Choosing How to Create Your Records
        2. Creating Customer and Supplier Records
        3. Creating Your Nominal Records
        4. Recording Your Bank Accounts
        5. Getting Your Product Records in Order
        6. Setting Up Fixed Asset Records
      4. Chapter 4: Recording Your Opening Balances
        1. Timing Your Switch to Sage
        2. Obtaining Your Opening Balances
        3. Entering Opening Balances Using the Wizard
        4. Checking Your Opening Balances
    8. Part II: Looking into Day-to-Day Functions
      1. Chapter 5: Processing Your Customer Paperwork
        1. Posting Batch Entry Invoices
        2. Creating Credit Notes
        3. Registering Payments from Your Customers
        4. Deleting Invoices and Credit Notes
      2. Chapter 6: Invoicing Your Customers
        1. Deciding on an Invoice Type
        2. Creating Invoices
        3. Remembering that Communication is Key
        4. Managing Your Invoice List
        5. Saving Time while You Ask for Money
      3. Chapter 7: Dealing with Paperwork from Your Suppliers
        1. Receiving and Posting Invoices
        2. Getting Credit
        3. Allocating a Credit Note
        4. Paying Your Suppliers
        5. Printing a Remittance Advice Note
      4. Chapter 8: Recording Your Bank Entries
        1. Understanding the Different Types of Bank Account
        2. Tracking Bank Deposits and Payments
        3. Transferring Funds between Accounts
        4. Repeating Recurring Entries
        5. Dealing with Petty Cash
        6. Paying the Credit Card Bill
      5. Chapter 9: Maintaining and Correcting Entries
        1. Finding Ways to Find Transactions
        2. Searching For Records
        3. Making Corrections
        4. Checking and Maintaining Your Files
        5. Backing Up Data
        6. Scheduling Backups
        7. Restoring Data
    9. Part III: Functions for Plus and Professional Users
      1. Chapter 10: Processing Sales Orders
        1. Giving a Quote
        2. Creating a Sales Order
        3. Allocating Stock to an Order
        4. Despatching Orders
        5. Invoicing Your Customers
        6. Deleting and Cancelling Sales Orders
      2. Chapter 11: Processing Purchase Orders
        1. Creating, Changing, and Copying a Purchase Order
        2. Placing the Goods on Order
        3. Completing Your Purchase Order
        4. Printing Your Purchase Order
        5. Getting the Goods In
        6. Creating an Invoice from an Order
        7. Deleting, Cancelling, and Reinstating Orders
      3. Chapter 12: Keeping Track of Your Products
        1. Taking Stock
        2. Understanding a Bill of Materials
        3. Processing Stock Returns
        4. Allocating Stock
      4. Chapter 13: Managing Projects
        1. Appointing a Project's Status and Costs
        2. Managing Project Resources
        3. Tracking Project Costs
        4. Analysing Project Costs
        5. Charging Your Customers for a Project
        6. Completing Your Project
      5. Chapter 14: Using Foreign Currencies
        1. Setting Up Foreign Currencies
        2. Tailoring the Foreign Trader Tool
        3. Keeping Trade Status in Mind when Setting Up Accounts
        4. Processing the Paperwork
        5. Banking on Foreign Currencies
        6. Doing Revaluations with the Wizard
    10. Part IV: Running Monthly, Quarterly and Annual Routines
      1. Chapter 15: Reconciling Your Bank Accounts
        1. Recognising Reasons to Reconcile
        2. Getting Ready to Reconcile
        3. Doing the Reconciliation
        4. Troubleshooting when Your Account Doesn't Reconcile
        5. Rounding Up Stragglers
      2. Chapter 16: Running Your Monthly and Yearly Routines
        1. Adding Up Accruals
        2. Counting Out Prepayments
        3. Depreciating Fixed Assets
        4. Entering Journals
        5. Carrying Out Your Month-End Routine
        6. Managing Cash Flow
        7. Doing a Year-End Routine
      3. Chapter 17: Running Your VAT Return
        1. Understanding some VAT Basics
        2. Managing Your VAT
        3. Checking Your VAT Return Using Reconciliation Reports
        4. Submitting Your VAT Return
        5. Clearing Down Your VAT
        6. Changing VAT schemes
        7. Posting Scale Charges
        8. Reporting Intrastat
    11. Part V: Using Reports
      1. Chapter 18: Running Monthly Reports
        1. Making the Most of Standard Reports
        2. Checking the Chart of Accounts
        3. Figuring Out the Financial Reports
        4. Viewing the Audit Trail
        5. Forgetting the Periods and Going Transactional
        6. Designing Reports to Suit Yourself
      2. Chapter 19: Tackling the Complicated Stuff
        1. Exporting Data
        2. Importing Data
        3. Linking to Your Accountant
        4. Trying e-Banking
        5. Working with Document Manager
      3. Chapter 20: Running Key Reports
        1. Checking Activity through the Nominal Codes
        2. Looking into Supplier Activity
        3. Tracking Customer Activity
        4. Checking Numbers with Supplier Daybook Reports
        5. Finding the Customers Who Owe You
        6. Paying Attention to Your Creditors
        7. Handling Unreconciled Bank Transactions
        8. Doing a Monthly Breakdown of Profit and Loss
        9. Ranking Your Top Customers
      4. Chapter 21: Going Mobile
        1. Setting up Sage Drive
        2. Tackling Sage 50 Tracker
        3. Sussing Out Sage 50 Mobile Sales
        4. Keeping Connected with Connected Users
    12. Part VI: The Part of Tens
      1. Chapter 22: Ten (Okay, Eleven) Funky Functions
        1. Browsing for Help with F1
        2. Calculating Stuff with F2
        3. Accessing an Edit Item Line for Invoicing with F3
        4. Finding Multiple Functions with F4
        5. Calculating Currency or Checking Spelling with F5
        6. Copying with F6
        7. Inserting a Line with F7
        8. Deleting a Line with F8
        9. Calculating Net Amounts with F9
        10. Launching Windows with F11
        11. Opening Report Designer with F12
      2. Chapter 23: Ten (Plus One) Wizards to Conjure Up in Sage
        1. Creating a New Customer Account
        2. Setting Up a New Supplier
        3. Initiating a New Nominal Account
        4. Creating a New Bank Account
        5. Launching a New Product
        6. Starting Up a New Project
        7. Helping Out at Month-End: Opening/Closing Stock
        8. Fuelling Up: Scale Charges
        9. Saving Time: Global Changes
        10. Handling Currencies: Foreign Bank Revaluation
        11. Keeping Others in the Loop: Accountant Link
    13. Index

    Product information

    • Title: Sage 50 Accounts For Dummies, 3rd UK Edition
    • Author(s):
    • Release date: June 2015
    • Publisher(s): For Dummies
    • ISBN: 9781119052302