Sage 50 Accounting Basic to Advance Training Course 2026

Name: Sage 50 Accounting Basic to Advance Training Course 2026
Rating: 4.6 (200 reviews)

Learn Sage 50 Accounting From Scratch – Setup Companies, Manage Ledgers, Record Transactions, Handle Inventory & Finance

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Highest Rated

Created byAccountech Training & Solutions

Last updated 1/2026

English

What you'll learn

Sage 50 Setup & Navigation – Learn how to install, set up, and navigate Sage 50 for efficient accounting
Managing Company Finances – Set up company accounts, enter opening balances, and customize financial settings
Handling Customers & Vendors – Record customer and vendor transactions, manage invoices, and track payments
Purchases, Sales & Inventory Management – Process purchase orders, sales invoices, credit transactions, and manage inventory efficiently
Recording & Reconciling Transactions – Enter and adjust journal entries, handle prepaid expenses, and reconcile accounts
Financial Reporting & Corrections – Generate and customize reports, track cash flow, and correct accounting records
Advanced Features & Manufacturing – Work with manufacturing processes, raw materials, and cost management in Sage 50
Business Accounting Best Practices – Learn essential bookkeeping techniques to keep financial records accurate and up to date

Course content

1 section • 84 lectures • 5h 4m total length

Installation of Sage 50 Accounting Latest Software6:18
Exploring Company Options and Sample Data1:46
Explore a sample Sage 50 company to practice functions, including inventory, job tracking, and time and billing features, with options to open an existing company or create a new one.
Important Message1:25
Creating a New Company in Sageline 505:28
How to Re-Access Company Files0:52
Learn how to re-access Sage 50 company files after closing a company, including switching to another company or sample data by using the file menu to open an existing company.
Creating and Customizing Chart of Accounts in Sage15:45
How to Delete a Ledger in Sageline 501:05
Entering Opening Balances in COA6:54
How Extract Opening Trial Balance Report in Sage2:00
Customization and Repositioning in Sage Reports3:39
Entering Customer Balances in Sage 5010:47
Entering Vendors With Balances3:20
Enter vendors and their balances in Sage 50 using the vendors and purchases section and the setup wizard. Create vendor codes, assign inventory accounts, and record beginning balances.
Add Inventory with Opening Balances7:53
Learn to enter inventory items and set opening balances in Sage 50 accounting, including creating items, selecting stock classifications, applying average costing, and posting beginning balances.
Reconciling Opening Trial Balance Before Day to Day Entries1:43
How to Enter day to day Transaction3:56
Learn how to enter day-to-day transactions in sage 50, differentiate trading from non-trading activities, and record a cash purchase of furniture as a fixed asset via a journal entry.
How to Deal with Advance Rent2:33
Learn how to record advance rent in Sage 50, treating prepaid rent as an asset and posting a journal entry debiting prepaid expenses and crediting cash for six months.
Dealing WIth Security Deposits in Sage2:56
Record a security deposit as other assets in Sage using a journal entry, ensuring correct debit and credit balances and reflecting it as neither a current nor fixed asset.
Dealing With Repair and Maintenance Expenses in Sage2:02
Learn to handle paint and renovation expenses in Sage with a non-trading journal entry, configuring maintenance and repair accounts, and recording debit to expense and credit to cash.
Receiving Payments from Customers3:16
Handling Credit Purchases in Sage4:35
Recording Purchase Invoice With New Vendor2:12
Record a purchase invoice from a new vendor in Sage 50 by creating the vendor and entering inventory items, then saving a journal entry that debits inventory and credits payable.
Dealing With Cash Sales In Sage 503:14
Learn how to handle cash sales in Sage 50 by using a generic cash customer, recording sales invoices, and receiving cash to reduce receivables.
How to Book Direct Sales invoice in Sage 501:16
Dealing With Customer Advances2:38
Recording Sales Order in Sage 501:50
Recording Direct Credit Sales Against Customer in Sage 501:57
Record a direct sales invoice in Sage 50 for a regular customer without a sales order; the journal shows sales credit, cost of goods sold debit, and accounts receivable credit.
Dealing With Purchase Orders in Sage 502:24
Dealing With Bad Debts2:23
Recording Service Invoice4:18
Payment Against Services1:38
Convert Sales Order to Sales Invoice2:26
How to Adjust Credit Limit for Customers in Payment Terms1:57
Dealing With Purchase Returns2:19
Dealing With Sales Returns2:28
Receiving Payments From Customers in Full1:38
Converting Purchase Order to Purchase Invoice2:19
Recording Loss of Inventory in Sage1:39
Record loss of inventory in Sage via inventory adjustments by creating a 7200 loss of inventory account and linking it to damaged stock, then reduce Corolla windscreen quantity by one.
How to Make Corrections to Existing Records1:27
Unwinding of Prepaid Expenses in Sage2:22
Unwind prepaid expenses in Sage by recording a journal entry that debits rent expense and credits prepaid expenses for the consumed January portion of six-month rent.
Extracting and Reconciling Closing Month End Reports4:49
Introduction to Manufacturing Company Project2:27
Creating a New Manufacturing Company5:28
learn to create a new manufacturing company in Sage 50 accounting, configure the chart of accounts, select accrual accounting, enable real-time posting, and set a January to December fiscal year.
How to Customize Dashboard in Sage2:03
Ledger Creation and Ledger Adjustments17:20
Entering Ledger Opening Balances in Sage7:05
Configure the chart of accounts for your project in Sage, then enter opening balances for all ledgers and control accounts by project, ensuring period dates and balanced debits and credits.
Entering Customers and Balances5:13
Entering Vendors and Balances4:14
Creating Raw Material Inventory8:01
Defining Inventory UOM2:06
Create Finished Goods Using Bill of Materials4:35
Payment for Liabilities From Cash in Sage2:02
Entering Purchase Order and Choosing Right Accounting Period1:36
Convert Purchase Order to Purchase Invoice2:02
Dealing With Direct Purchases With Early Settlement Discount5:09
Dealing With Finished Good Sales Order2:13
Transferring Amount from Bank to Petty Cash For Office Use1:24
Receiving Customer Payments Against Open Invoices in Cash2:42
Receiving Customer Payments Against Open Invoices in Bank2:06
Record customer payments against open invoices in Sage 50, including partial payments from Archer Insurance via Citibank, using receive money and journal entry to debit Citibank and reduce the receivable.
Payment Against Vendor Pending Bills With Early Settlement Discount3:40
Purchase of Services on Credit in Sage3:25
Purchase of Services on Cash from One time Vendors4:04
Dealing With Customer Prepayments in Sage 506:34
Dealing With Sales Order with Customer Advances4:24
Learn how to manage a sales order with customer advances in Sage 50 by recording the order, recognizing advances as a liability, and converting to a sales invoice.
Dealing With Indirect Expenses from Write Checks in Sage3:59
Dealing With Indirect Expenses From Journal Entries2:03
Learn to record indirect expenses paid by cash, such as repair expenses, from the journal entry option in Sage 50, including maintenance and repair expenses.
Entering With Purchase of Fixed Asset in Sage2:22
How to Manufacture Finished Goods From Raw Material Using BOM in Sage 503:58
Learn to manufacture finished goods from raw materials using a bill of materials in Sage 50, build assemblies, deduct materials by recipe, and track inventory with manufacturing runs and reports.
Recording Bad Debt Expenses2:37
Learn how to record bad debts in sage by converting a customer receivable into a bad debt expense, using the receive money from customers workflow for a 600,000 invoice.
Adjusting Customer Advances With Sales Invoices Converted From Sales Order5:51
Entering Direct Sales Invoice in Sage2:17
Sales Order to Sales Invoice With Early Settlement Discount Policy4:03
Customer Earning Early Settlement Discount Against Invoice Payment3:24
Payment for Pending Vendor Bills3:19
Learn to pay vendor bills in Sage 50 by processing partial payments, entering check numbers, dates, and memos, and reviewing journal entries to clear liabilities.
Purchasing Fixed Asset by Giving Cash3:34
Clearing Loan Liability Payments1:57
Dealing With Purchase Return in Sage2:25
Learn how to process a purchase return in Sage 50 by creating a vendor credit memo, applying to invoices, and reviewing inventory and accounts payable effects.
Dealing With Sales Returns3:34
Handling Purchase of Services by Cash3:09
Dealing With Director Drawings1:19
Handling Loss of Inventory in Sage3:25
Recording Cash Expenses2:55
Record cash expenses directly using write checks or journal entries, paying income tax by cheque, and post the income tax expense against Bank of America.
Recording Accrued Expenses at Month End4:48
Extracting Closing Reports in Sage 507:55
Congratulations0:29

Requirements

Basic Accounting Knowledge (Preferred but Not Required) – No prior experience needed, but familiarity with accounting concepts will be helpful.
A Computer with Windows OS – Sage 50 is a Windows-based software, so you’ll need a PC or laptop with a compatible operating system
Internet Connection (Optional) – Needed for downloading software, accessing course materials, and updates
Willingness to Learn – A positive mindset and eagerness to explore Sage 50 will help you get the most out of this course!

Description

Want to learn how to manage accounting with Sage 50? This course will take you from the basics to advanced features, helping you master Sage 50 Accounting step by step. Whether you're a beginner or someone looking to sharpen your skills, this course will guide you through everything you need to know.

You'll start by learning how to install Sage 50, set up a company, and explore its features. Then, you'll move on to creating and customizing the chart of accounts, entering opening balances, handling customers and vendors, and managing inventory.

As you progress, you'll dive into recording transactions, handling purchase and sales invoices, managing payments, and reconciling accounts. You'll also learn advanced topics like handling prepaid expenses, adjusting credit limits, processing purchase and sales returns, and generating financial reports.

By the end of this course, you'll be confident in using Sage 50 for daily accounting tasks, financial reporting, and managing business transactions with ease.

What You Will Learn

Install and set up Sage 50 Accounting
Create and customize the chart of accounts
Manage opening balances, customers, and vendors
Handle purchases, sales, and credit transactions
Record and process invoices, payments, and expenses
Work with inventory, raw materials, and manufacturing features
Generate and customize financial reports
Reconcile accounts and correct existing records

Advanced Topics Covered:

Handling complex accounting adjustments, including prepaid expenses, accrued expenses, and bad debts
Managing opening balances for vendors, customers, inventory, and raw materials
Understanding direct sales, service invoices, credit sales, and customer advances
Comprehensive project accounting and inventory management for manufacturing businesses
Recording and reconciling purchase orders, sales invoices, and financial transactions
Generating accurate financial reports and compliance-ready statements

Why Take This Course?

This course provides a practical and hands-on approach to mastering Sage 50 Accounting, ensuring that you gain the essential skills needed to manage financial transactions, track expenses, and generate financial reports with confidence.

You'll learn industry best practices for bookkeeping, reporting, and financial management, making this course ideal for business owners, accountants, and finance professionals looking to improve efficiency.

With step-by-step instructions, real-world scenarios, and in-depth explanations, you’ll be able to handle the accounting needs of any business using Sage 50 with ease and accuracy.

Who this course is for:

Beginners & Aspiring Accountants – If you’re new to Sage 50 or accounting, this course will give you a strong foundation
Small Business Owners & Entrepreneurs – Learn how to manage your business finances efficiently using Sage 50
Bookkeepers & Accounting Professionals – Enhance your skills and improve your ability to manage financial records
Students & Finance Enthusiasts – Perfect for those studying accounting, finance, or business management
Freelancers & Consultants – Ideal for independent professionals who want to offer Sage 50 bookkeeping services