Free Agent Accounting software

Learn how to use the bookkeeping software.
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  • Lectures 39
  • Contents Video: 2.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2014 English

Course Description

FreeAgent Computerised Accounts course is about how to use FreeAgent software based on the most popular functions which you as a FreeAgent operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You’ll learn how to set up the FreeAgent system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use FreeAgent for yourself.

You will need to have access to FreeAgent.

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.

The course will take about 3-4 hours to complete.

What are the requirements?

  • You'll need access to FreeAgent in order to complete the assignment
  • You'll need an interest in accounts

What am I going to get from this course?

  • By the end of the course you will be able to complete various common functions using FreeAgent software
  • In this course, you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

What is the target audience?

  • Bookkeepers and Accountants who will be using this for their clients
  • Students who are going for jobs where the requirement is working knowledge of FreeAgent
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required
  • Note that this training is in no way endorsed by FreeAgent UK

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Getting Prepared - Access the software and course materials
05:01

Print off the course material. Read through each task. Watch the video on how to complete the task, and then have a go at it yourself on the software.

Section 2: Getting Started
08:50

Getting started with Free Agent.

Section 3: Setting Up The System
08:55

Enter opening balances.

01:36

Enter opening balances.

Opening Balances
04:06
06:09

Reverse opening accruals.

Report - reversing balances
01:05
Section 4: Nominal Ledger
04:02

Amend the nominal ledger.

Report on Nominal Ledger accounts
03:34
Section 5: Customers
05:28

Enter new customers.

Report on Customers
01:08
Section 6: Suppliers
04:13

Enter suppliers.

Report on Suppliers
00:31
Section 7: Sales Ledger
10:44

Post customer invoices.

04:57

Post credit notes.

05:39

Report on the customer activity.

Section 8: Purchases Ledger
10:53

Post supplier invoices.

04:59

Post credit notes.

02:31

Provide a report on the suppliers activity.

Section 9: Sundry Payments
07:33

Post cheques onto the system.

00:58

Supplier payments report.

Section 10: Sundry Receipts
03:02

Post receipts from customers.

00:44

Provide a report showing customer receipts.

Reporting payments
00:53
Section 11: Petty Cash
03:25

Post petty cash transactions.

00:38

Report on petty cash.

07:38

Post cash payments to ledgers.

00:27

Post sundry payments.

05:26

Post sundry payments.

00:28

Report on the bank payments.

Section 12: VAT - Value Added Tax
01:08

Prepare VAT Return.

00:46

Aged creditors information.

Section 13: Bank Reconciliation
03:51

Reconcile the bank account.

Section 14: Payroll / Wages
07:00

Post the wages journal.

Section 15: Reports
04:41

Post journals.

01:37

Profit & Loss account.

01:08

Produce a balance sheet.

01:06

Trial balance.

Section 16: Concluding lecture
04:43

Next steps to take your learning to the next level.

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

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