Diploma in Sage 50 Accounts Payroll

Course details

The Diploma in Sage 50 Accounts Payroll course comprehensively covers the fundamentals of Sage 50, providing essential skills for the finance and bookkeeping industry. Participants will gain insights into organizing financial processes and ensuring compliance with HMRC procedures.

This program delves into the intricacies of Sage 50 Accounts, empowering learners to master its advanced features for precise control over business information. It covers closing the general ledger, overseeing critical monthly accounts, bank reconciliation, utilizing shortcuts, generating reports, implementing security measures, and other crucial procedures.

Furthermore, the course includes modules on handling recurring payments, managing absences and holiday pay, debt collection, reconciling accounts and invoices, and more.

Diploma in Sage 50 Accounts Payroll Course Learning Outcomes:

• Demonstrate proficiency in Sage 50 for effective financial management.
• Execute accurate bank reconciliations and manage petty cash efficiently.
• Master payroll processing, including e-submissions and year-end procedures.
• Generate VAT returns and navigate Aged Reports for informed decision-making.
• Create and manage projects, invoices, and credit notes with precision.
• Understand legislative settings and pension scheme basics for payroll compliance.
• Apply journal entries, including year-end and budgeting for financial control.
• Competently handle fixed assets and reconcile credit card accounts.
• Efficiently add, update, and edit employee records in Sage Payroll.
• Successfully execute final payroll runs and handle historical data reporting.

Diploma in Sage 50 Accounts Payroll Course Outline:

Sage 50 Accounts

• Sage 50 Bookkeeper – Coursebook
• Introduction and TASK 1
• TASK 2 Setting up the System
• TASK 3 a Setting up Customers and Suppliers
• TASK 3 b Creating Projects
• TASK 3 c Supplier Invoice and Credit Note
• TASK 3 d Customer Invoice and Credit Note
• TASK 4 Fixed Assets
• TASK 5 a and b Bank Payment and Transfer
• TASK 5 c and d Supplier and Customer Payments and DD STO
• TASK 6 Petty Cash
• TASK 7 a Bank Reconciliation Current Account
• TASK 7 b Bank Reconciliation Petty Cash
• TASK 7 c Reconciliation of Credit Card Account
• TASK 8 Aged Reports
• TASK 9 a Payroll
• 9 b Payroll Journal
• TASK 10 Value Added Tax – Vat Return
• Task 11 Entering opening balances on Sage 50
• TASK 12 a Year end journals – Depre journal
• TASK 12 b Prepayment and Deferred Income Journals
• TASK 13 a Budget
• TASK 13 b Intro to Cash flow and Sage Report Design
• TASK 13 c Preparation of Accountants Report & correcting Errors (1)

Sage 50 Payroll

• Payroll Basics
• Company Settings
• Legislation Settings
• Pension Scheme Basics
• Pay Elements
• The Processing Date
• Adding Existing Employees
• Adding New Employees
• Payroll Processing Basics
• Entering Payments
• Pre-Update Reports
• Updating Records
• e-Submissions Basics
• Process Payroll (November)
• Employee Records and Reports
• Editing Employee Records
• Process Payroll (December)
• Resetting Payments
• Quick SSP
• An Employee Leaves
• Final Payroll Run
• Reports and Historical Data
• Year-End Procedures

Updated on 12 December, 2023