Sage 50 Accounting - Advanced Diploma - CPD Certified

Sage 50 Accounting - Advanced Diploma - CPD Certified

Our Sage 50 Accounting - Advanced Diploma Course follows on from our Sage 50 Accounting for Beginners & Intermediate Diplomas & our Payroll Management Diploma. It's been given the CPD accreditation and is the perfect course for anyone looking to enhance their Sage 50 skills on to an advanced level.

Sage 50 Accounts Advanced Diploma

With an upbeat economy and an encouraging job scenario, an increasing number of companies in the UK are looking for reliable professionals who can help manage the company accounts. Efficient and trained accounting professionals can help businesses focus on expansion and opportunities.

The Sage 50 Accounts Advanced Course consists of 10 modules of useful, practical information replete with exercises and questions that will help you hone your skill level. You will have the unique opportunity to learn the features and tools provided in Sage 50 Accounts to chase debt, maintain credit control, execute batch processing, understand the audit trail and manage quotations among others. More importantly, you can study at your own time and pace and in the privacy of your home. You can also choose to study the course on a desktop PC, a laptop, tablet or even a mobile phone at your convenience.

** When purchasing this course you will be eligible to apply for the XO Student Discount Card!! You can save on brands such as New Look, Disney, ASOS, Hotels, Miss Selfridge , Domino’s and many more.**

What you will learn in the Sage 50 Accounts Advanced Course

• The importance of quotations and how they can be used to boost sales and attract customers. In addition, you will also learn how to convert quotations into sales orders
• Gain a closer understanding of chasing debt and maintaining credit control. Businesses often offer credit to customers and you will learn how to follow up on customer payments and control credit levels
• Transactions can also be processed in batches to save time and effort. The Sage 50 Accounts Advanced course will teach you how to manage batch transactions including batch payments
• It’s important to understand the components that make up an audit trail. You will learn how to interpret different information in the audit trail by using the functionalities in the Sage 50 Accounts software
• Erroneous transactions can lead to mistakes in the financials which may further attract fines and punitive action. You will gain insights into creating proforma invoices and incorporating corrections to transactions that require amendments
• Budgeting forms a crucial aspect of cost control. The course will teach you to use the features of Sage 50 Accounts to create departments and budgets in order to maintain improved control over financial and stock resources.
• Reports are prepared for different user profiles and for different objectives. You will learn how to use the report function to your advantage whereby you will be able to generate aesthetic, informational and error-free reports for the end-user

Benefits of the Sage 50 Advanced Course

• You can help the business attract sales because a proforma invoice provides detailed information regarding the product
• You will be more confident while preparing budgets to control costs. Regular comparisons of the actual values with the budget can provide insight into business performance
• Customers, investors and shareholders are more likely to be happy with the innovative and attractive reports that you are able to generate for their benefit
• You are likely to gain confidence as you track the audit trail, control costs and correct erroneous transactions.

Course Modules/Lessons

Module 1 : Credit Control and Chasing Debt (Part I)

• What is credit control and why is it important for your business;
• Features in Sage 50 that are used to implement credit control measures;
• How to set up ageing periods and credit control for accounts;
• How to use the ‘Suggested payment' option.

Module 2 : Chasing Debt and Credit Control (Part II)

• How to use the ‘Chase debt' option;
• How to enter information in the Communications tab in the Customers module;
• How to view a transaction history and aged balances for customers;
• How to flag disputed transactions;

Module 3 : Chasing Debt and Credit Control (Part III)

• How to use dashboard views for credit control;
• Access to credit information using pie charts, bar charts and diary events on the dashboard view;
• How to use the Communications feature for improved credit control;
• How to use the Credit control reporting function;

Module 4 : How to Run and Manage your VAT Returns

• How to manage, check and send VAT returns (Standard and Cash VAT accounting);
• How to clear accounts;
• How to switch among VAT payment schemes;
• How to account for scale charges;

Module 5 : VAT returns (Part II), Fuel Scale Charges and Intrastat

• How to submit VAT manually to HMRC;
• Switching between VAT schemes;
• The reconciliation process for switching between VAT schemes;
• How to post fuel scale charges using the wizard;

Module 6 : How to Use Foreign Currencies in Sage 50 (Part I)

• An introduction to foreign currency trading;
• How to set up foreign currencies in Sage 50;
• How to deal with foreign currency suppliers and customers;
• How to post foreign currency bank transfer reversal;

Module 7 : How to Use Foreign Currencies in Sage 50 (Part II); How to Convert Quotations into Sales Invoices or Orders

• How to view foreign currency invoices;
• How to create product and service quotes;
• How to enter and edit item line information;
• How to create a product quote sales order;

Module 8 : Managing Projects (Part I)

• How to assign costs and status to a project;
• Management of project resources;
• Recording and analysis of project costs;
• How to charge project costs to customers;

Module 9 : Managing Projects (Part II); Project Reports

• How to record and process committed costs for a project;
• How to allocate, amend and issue stocks to a project;
• How to bill customers for a project;
• How to post different project transaction types;

Module 10 : Project Reports, Report Designer and Audit Trails

• How to generate project reports;
• How to open and save documents in Reports designer;
• How to add groups and sort to a report;
• Trial balance and Profit and Loss Reports'

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

There is no time limit for completing this course, it can be studied in your own time at your own pace.

All tests are online and are taken either during or after the course, these are included in the price.

Sage provide a free online trial version of the Sage 50 Accounts software, which is more than suitable to study this course and learn how to use the software. This course does not include the sage software as part of the course, details will be provided on how to access the online trial version of sage.

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