The Ultimate Guide to SAGE 50 Online Courses
"Sage line 50 online Training courses are for those who are new to Sage 50 practice free Accounting and want to learn How to use the program proficiently."
Table of Contents
- Installation of Sage
- Vocational Sage Training Centers
- How to Contact Sage Cover for Help
- Reviewing and Modifying Settings
- Keep Your Data Secure and Updated
- Setting Up Items
- Preparing a Monthly Sage Accounts Checklist
- Setting Up Payroll
- Sage 50: Know Your UK Tax Codes
Who said that it is difficult to use Sage? Take control of your business by following this simple step guide to installing software, invoicing customers, creating accounts and much more for your small industry in the UK. The Sage accounting software is widely used in the UK. Sage courses online free is designed to offer an inclusive set of account processing tools for small and medium-sized businesses.Use this ultimate guide to help you Sage and set up your company so that you save you time to work as quickly as possible. In this special sage 50 practice free guide, you’ll learn how to:
- Set up your company
- How to contact sage cover to get help when you have questions
- Reviewing and modifying settings
- How to keep your sage data secure and up to date
- Setting of items like services etc.
- Setting up payroll
- Enter some common business transactions
To learn more about sage features, you can enrol sage courses online free session. Let’s start our guide from the installing process:
Installation of Sage
Sage simply accounting installation Information required is:
- My company name:
- My sage accounting serial number:
- My sage accounting account id:
- My installation key code:
Online support is available through the sage simply accounting online community by visiting the official page of sage. The community has quick help to several easy to use resources, including:
- The online knowledgebase blogs
- Discussion forums
- Live chat with a customer support specialist
Vocational Sage Training Centers
You can get sage courses online free through any sage training centers. Future Connect is one of the training institutes to get all type of vocational business training.
How to Contact Sage Cover for Help
For help from the "Help" feature of this accounting software, you sometimes required to speak to an expert. Sage accounting training offers numerous levels of support, from online practical guides to telephone support, including a data service. Here you can find contact details of sage experts, which may help you in your business activities.
Reviewing and Modifying Settings
When you set up your company, you are ready to assess your company settings and get your books up to date. In this software, settings are divided into subsequent types:
- User preferences
- System settings
- Form and report settings
You’ll find these settings in the window of the setting tab, grouped by module. Backup choices and settings that touch more than one module are located within the group of company. There are three significant system settings that you should review:
- Sales Taxes
- Linked Accounts
- Foreign Currencies
Keep Your Data Secure and Updated
Keeping the data secure and well maintained is essential. Just use this list to achieve this:
Schedule regular backups: To do this, from the main toolbar, click the file and then schedule backup. You can modify the regularity of the backup; you can enter a certain date and time fits you. You can also select the location of the backup file is correct.
Regularly work on file maintenance. Access this feature from the main toolbar, by clicking file then maintenance.
Use strong passwords for security. If you’re working as the manager, you can avail the access rights feature to set passwords to authorized persons.
Setting Up Items
Adding information about your service items, you can create two sorts of items in this software:
Inventory- In this category, physical or tangible items are considered. This feature of software tracks the quantity on hand and the number on order with suppliers. When you make an inventory item, you must outline an asset account to track the value of inventory.
Services- These are intangible items, such as service charges, consulting fee, or items for which you do not track.
Preparing a Monthly Sage Accounts Checklist
Making your monthly accounts is a vital activity, sage makes it easy. Make use of this simple checklist to ensure that you follow the to-do list:
- Manage your sales and purchase invoices.
- Manage all receipts
- Add direct debits, BACS and bank statements.
- Enter journals for prepayments and depreciation.
- Run VAT return.
- Enter your PAYE and VAT journals.
- Run profit and loss
- Create a balance sheet for the period.
Setting Up Payroll
Setting up payroll, when sage builds your account list, all necessary payroll accounts are created for you. Before you enter your employee records, set up:
- Add all incomes and deductions you’ll use in your business
- Starting balances for payroll course
- How they are calculated entitlements
- Employer-paid expenditures specific to your business
- Tax rates for jobless, worker’s bonuses, and other employer expenses
Sage 50: Know Your UK Tax Codes
Even if you don’t use all the tax codes to prepare accounts on sage line 50 training free, institutes add the separate topic to study sage courses london. You need some of them sometimes. For those times:
T0: For zero-rated. VAT is not applicable on zero-rated supplies.
T1: For standard rate. Currently, 20 per cent.
T2: Exemption from VAT.
T4: Sales of things to VAT-registered customers.
T5: Lower-rate VAT, typically 5 per cent.
T7: For zero-rated purchases of goods from dealers in the EC.
T8: For standard-rated trade of goods from suppliers in the EC.
T9: Transactions not involving VAT.
T20: This code is used for trade of reverse charges.
T22: For sales of services.
T23: For zero-rated purchases of services.
T24: Standard rate purchases of services from dealers.
T25: Used for flat rate accountancy scheme, purchases and sales of capital items greater than £2,000.