- Course Code: UKFEC17SGI
- Location: Online
- Duration: 12 hours
- Cost: £199.00
- Qualification: All modern browsers and devices
- Course Access: Lifetime
- Exams Included: Yes
- Compatibility: All major devices and browsers
Sage 50 Accounts Intermediate Diploma
Successful business management involves a range of complex tasks and functions that help streamline processes. The tasks, features and tools explained in Sage 50 Intermediate course can be expected to be slightly more complex and intricate compared to the simpler ones in the beginners course.
For improved clarity with regard to a keyword or concept, it may be a good idea to refer back to the beginners course. Every concept will be introduced and explained before moving on to exploring the related features in Sage 50 Accounts.
Businesses often have to deal with hundreds of transactions performed during a month. For example, transactions may occur but cash need not have been received or paid out yet. Such transactions are called accruals and they are extremely necessary because they give a clear indication of a business’s financial health. The Sage 50 intermediate course will explain how users can leverage the features provided in Sage 50 accounts to calculate accruals.
In addition, you will learn about how to prepare and process purchase orders from product records. Purchase orders represent contracts between buyers and sellers and contain all the details regarding the purchase. Well-maintained information regarding purchase orders helps keep the inventory system up to date and streamline the purchasing process.
Once you have completed the intermediate course, you will be familiar with a comprehensive range of useful accounting functionalities provided by Sage 50 Accounts.
What You Will Learn
- How to set up a fixed asset record in Sage 50
- Three methods of calculating depreciation
- How to use the Asset Disposal Wizard and record sale of an asset
- What to do if depreciation has been missed for a month
- How to manage cheque and remittance
- Setting up purchase order defaults
- How to set up and calculate discounts on invoices and purchase orders
- How to record the delivery of stock and update cost prices
- Creating product defaults and understanding stock transactions
- How to correct an incorrectly entered AI, using the exact method and the average cost price method
- How to incorporate stock adjustments using the FIFO or First-in-First-out rule
- How to use the ‘Check bill of material’ (BOM) feature to track stock availability
- How to create price lists
- How to apply special prices, print and delete price lists
- How to set up manual discounts on sales orders and invoices
- How to create service invoices and enter details for item lines
Benefits of the Sage 50 Intermediate Diploma
- In-depth study and knowledge of different tools and features of the Sage 50 accounting software can help candidates add value to their team.
- Similarly, Sage 50 software is also ideal for those who own their own businesses and wish to become self-sufficient in managing their own accounting and invoicing and so on. Expertise in Sage 50 accounting software helps reduce reliance on external accountants.
- In addition, Sage 50 accounting software is recommended for those who wish to make a seamless transition from manual payroll processing to a computerised system. By opting to educate and update one’s skills in Sage 50, candidates can prove their ability to potential employers. The Sage 50 online course is suitable for individuals, business entrepreneurs and aspiring students who wish to learn the basics of computerised accounting and invoicing.
- A detailed working knowledge of Sage 50 can help aspirants gain confidence and help them provide a high standard of accounting services to companies.
- Candidates from all backgrounds and fields are free to learn the Sage 50 accounting course; it does not require any prerequisite academic qualifications. The only prerequisite condition is a basic working knowledge of numeracy, literacy and IT skills.
- Understanding the concept of accruals and prepayments;
- How to set up prepayments and accruals in Sage 50;
- How to run month end accounts;
- How to post manual entries in the prepayment journal and the reversal;
- Understanding fixed assets and depreciation;
- How to set up a fixed asset record in Sage 50;
- Three methods of calculating depreciation in Sage 50;
- How to post a fixed asset record based on hire purchase, and perform asset valuation;
Module 3 : Fixed Assets and Depreciation (Part II), Customer and Supplier Addresses and Purchase Orders (Part I)
- How to use the Asset Disposal Wizard and record sale of an asset;
- What to do if depreciation has been missed for a month;
- What to do if an asset has been recorded and processed inaccurately;
- How to re-index supplier and customer addresses;
- Setting up purchase order defaults in Sage 50;
- Specifying different options, such as invoice numbering and default invoice format;
- How to set up and calculate discounts on invoices and purchase orders;
- How to create purchase orders and edit the item line;
- How to amend deliveries;
- How to use the ‘Update ledgers' option for purchase orders;
- How to cancel, delete or reverse a purchase order;
- How to memorise and recall a purchase order;
- How to incorporate stock adjustments using the FIFO or First-in-First-out rule;
- How to correct an incorrectly entered AI, using the exact method and the average cost price method in Sage 50;
- How to post stock out, using sales invoices, credits and sales orders;
- How to maintain stock levels, using the product shortfall and sales order shortfall options.
- Important reasons why businesses need to incorporate adjustments;
- Assembly levels and link levels of products and sub-components;
- How to use the ‘Check bill of material' (BOM) feature to track stock availability;
- How to check the BOM to which a sub-component belongs, and deleting a BOM;
- How to create and apply price lists;
- How to add products to a price list;
- How to select calculation and recalculation methods for price lists;
- How to import products into a customer price list;
- A brief overview of the importance of a pricing strategy.
- Different types of discounts that can be set up in Sage 50;
- How to set up a ‘good customer discount';
- How to set up early settlement and quantity discounts;
- How to enter sales orders;
- How to despatch a sales order;
- How to view and interpret despatch information;
- How to allocate stocks and complete a sales order;
Who can take the Sage 50 Accounts Intermediate Diploma course?Anyone who has an interest in learning more about this subject matter is encouraged to take the course. There are no entry requirements to take the course.
What is the structure of the course?The course is broken down into 10 individual modules. Each module takes between 20 and 90 minutes on average to study. Although you are free to spend as much or as little time as you feel necessary on each module, simply log in and out of the course at your convenience.
Where / when can I study the course?You can study the course any time you like. Simply log in and out of the web based course as often as you require. The course is compatible with all computers, tablet devices and smart phones so you can even study while on the move!
Is there a test at the end of the course?Once you have completed all 10 modules there is a multiple choice test. The questions will be on a range of topics found within the 10 modules. The test, like the course, is online and can be taken a time and location of your choosing.
What is the pass mark for the final test?The pass mark for the test is 70%.
What happens if I fail the test?If you don’t pass the test first time you will get further opportunities to take the test again after extra study. There are no limits to the number of times you can take the test. All test retakes are included within the price of the course.
When will I receive my certificate?Once you have completed your test you can log in to your account and download/print your certificate any time you need it. If you would prefer us to post you a certificate to a UK address, there will be an admin charge of £10 (certificates sent internationally may cost more).
How can I pay?You can either use your Visa, MasterCard, American Express, Solo cards or PayPal account to pay for the online course. Our site uses the latest SSL encryption to ensure your safety. All payments are handled securely by PayPal.
How long after payment can I begin the course?You can begin the course immediately after your payment has been received. You will create your login details during the checkout process. We will also send you an email confirming your login details.
How long does it take to complete the Sage 50 Accounts Intermediate Diploma course?We estimate that the course will take about 12 hours to complete in total, plus an additional 30 minutes for the end of course test.
How long is my certificate valid for?Once you have been awarded your certificate it is valid for life. The certificate does not expire or need renewing.