Sage 50 Accounts Levels 1, 2, 3 Package

Accounting is a fundamental element of business; being able to perform accounting duties is a beneficial and impressive skill to possess. The Computerised Accounting Level 1 course equips you with the skills needed to complete accounts using the very best in accounting software. You will learn how to set-up company details in addition to customer and supplier records. You will learn how to navigate the nominal ledger, creating and amending nominal codes. You will learn how to enter cash and credit transactions, utilising the Bank Module to keep track of your finances. Overall, you will acquire a good understanding of accounting in practice.

The Level 2 course will enhance those skills learned in the Level 1 course, and begin by identifying the control accounts and discovering how they are used in accounting. The Sage software contains many inbuilt functions and facilities that enhance your business’ accounts, perhaps without the user even realising that they are there.

The Computerised Accounting Level 3 course continues to progress your journey within accounts, equipping you with the advanced skills required. You will learn how to set up discounts and process sales and purchase orders. You will learn how record quotes in your business. You will learn how to set-up foreign trader options in preparation for trading overseas. Overall, you will acquire an advanced understanding of accounting in practice.

Once you have completed the Level 3 course, you will be fully competent in using the computerised accounting system. You will be able to record your own accounting records or offer those services to prospective or current employers.

This course is beneficial for anyone wanting to start-up their own business and take control of their own business finances. In addition, this course will enhance your employability skills and make your CV more attractive to prospective employers.

Free With This Sage 50 Accounts Levels 1, 2 and 3 Course Package

Full student copy of Sage instant Accountswhich comes with practice data to assist you with your studies and allow you to apply the techniques you learn throughout this course, worth £36.

After each lesson there is an assignment which you must complete and return to your tutor for marking. At the end of the course there is a final online exam which takes about an hour and can be completed at a time that is convenient for you. The college can assist you in arranging this and there is a further fee of £55 + VAT if you wish to achieve the fully accredited SAGE 50 certification.

LEVEL 1
UNIT 1 - AN INTRODUCTION TO ACCOUNTING SYSTEMS

• Identify the purpose of accounting
• Outline the requirements for accounting in the UK
• Explain the accounting process
• Evaluate the advantages and disadvantages of the accounting process

UNIT 2 - SYSTEMS OF ACCOUNTING

• Identify the purpose of computerised accounting
• Produce new records for an organisation
• Explain the processes used in computerised accounting
• Evaluate the advantages and disadvantages of manual and computerised accounting

UNIT 3 - CUSTOMER AND SUPPLIER ACCOUNTS

• Produce and amend customer and supplier records
• Create customer and supplier reports
• Explain the process for producing and amending customer and supplier records and creating reports
• Evaluate the benefits of computerised accounting for producing customer and supplier records, amendments and creating reports

UNIT 4 - THE NOMINAL LEDGER

• Create and amend new Nominal Codes
• Input Opening Balances
• Explain the process of creating and amending Nominal Codes and inputting Opening Balances
• Evaluate the benefits of using computerised accounting to create and amend Nominal Codes and input Opening Balances

UNIT 5 - ENTERING TRANSACTIONS

• Identify cash and credit transactions
• Enter customer and supplier invoices
• Explain what a Trial Balance shows the user in relation to entered transactions
• Explain the benefits of computerised accounting when entering these transactions

UNIT 6 - THE BANK MODULE

• Enter payments into the Bank module
• Enter receipts into the Bank module
• Explain the procedure of entering these transactions into computerised accounting
• Explain the reason a Bad Debt is written-off

UNIT 7 - COMPUTERISED ACCOUNTING - PRACTICAL QUESTION 1

• Create company records for a fictional organisation
• Enter transactions and follow procedure
• Produce reports
• Explain the processes used throughout
• Evaluate the ease of use of the processes used

UNIT 8 - COMPUTERISED ACCOUNTING - PRACTICAL QUESTION 2

• Create company records for a fictional organisation
• Enter transactions and follow procedure
• Produce reports
• Explain the processes used throughout
• Evaluate the ease of use of the processes used

LEVEL 2
UNIT 1 - CONTROL ACCOUNTS AND RECONCILIATION

• Identify the control accounts
• Outline the purpose of the control accounts
• Explain the process of reconciliation
• Evaluate the advantages and disadvantages of using control accounts and reconciliation in business

UNIT 2 - CREDIT CONTROL SET-UP

• Identify the credit control system
• Outline the reasons why a credit control system is required in business
• Explain the set-up of credit control
• Evaluate the advantages and disadvantages of using a credit control system in business

UNIT 3 - CREDIT CONTROL PROCESSES

• Identify the available functions of credit control in the software
• Outline the credit control functions available in the computerised accounting software
• Explain the chase debt functions
• Evaluate the advantages and disadvantages of credit control processes and functions in the computerised accounting system

UNIT 4 - MANAGING CREDIT CONTROL

• Identify the process of entering transactions for debtors
• Outline the steps taken for outstanding debts
• Explain the processes of pursuing legal action
• Evaluate the advantages and disadvantages of having debtors in your business

UNIT 5 - THE VAT RETURN

• Identify the VAT rates applicable in the UK
• Outline the VAT Schemes available to you in the UK
• Explain the process of the VAT Return
• Evaluate the advantages and disadvantages of using the computerised accounting to process VAT Returns

UNIT 6 - THE FIXED ASSET MODULE

• Identify fixed assets in business
• Outline the process of creating fixed asset records
• Explain the process of depreciation
• Evaluate the advantages and disadvantages of the fixed asset module in the computerised accounting system

UNIT 7 - MANAGEMENT/FINANCIAL REPORTS & THE CHART OF ACCOUNTS

• Identify the reports used for management and financial purposes
• Outline the differences in management and financial accounting
• Explain the role of the Chart of Accounts
• Evaluate the advantages and disadvantages of using the software for these purposes

UNIT 8 - MICROSOFT INTEGRATION & PERIOD END PROCEDURES

• Identify the ability of the software to integrate with Microsoft appliactions
• Outline the procedures involved in the period end procedures
• Explain the process of integration with Microsoft applications
• Evaluate the advantages and disadvantages of using the software in conjunction with Microsoft applications for your business

LEVEL 3
UNIT 1 - PLANNING STOCK CODING STRUCTURE

• Identify the importance of stock in business
• Outline the stock coding structure
• Explain the importance of planning your stock coding structure
• Evaluate the benefits of using the computerised accounting software to maintain and monitor stock

UNIT 2 - PRODUCTS & BILL OF MATERIALS

• Identify the importance of products in business
• Outline the processes of managing products within the computerised accounting software
• Explain the nature of ?Bill of Materials?
• Evaluate the benefits of using the computerised accounting software to process products

UNIT 3 - STOCK TAKE & PERIOD END

• Identify the requirement for a stock take
• Outline the process of a stock take
• Explain the period end procedure
• Evaluate the benefits of using the computerised accounting software to carry out stock takes and period end procedures

UNIT 4 - SOP AND POP SETUP DISCOUNTS

• Identify discounts in business
• Outline the process of POP and SOP setup discounts
• Explain the advantages of using SOP and POP setup discounts in business
• Evaluate the benefits using the computerised accounting software to

UNIT 5 - PURCHASE ORDER PROCESSING

• Identify the purchase order process
• Outline the process of receiving deliveries
• Explain the process of amending and cancelling purchase orders
• Evaluate the benefits of using the computerised accounting software to complete the purchase order processes

UNIT 6 - SALES ORDER PROCESSING

• Identify the sales order process
• Outline the process of dispatching orders
• Explain the process of amending and cancelling sales orders
• Evaluate the benefits of using the computerised accounting software to complete the sales order processes

UNIT 7 - QUOTES, PROFORMAS & RECURRING TRANSACTIONS

This course is beneficial for anyone wanting to start-up their own business and take control of their own business finances. In addition, this course will enhance your employability skills and make your CV more attractive to prospective employers.

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.