Mastering Sage 50 v. 2013 Made Easy Training Tutorial

Create a Sage 50 company file with the company wizard, entering company information, chart of accounts, and selecting accounting methods, posting methods, periods, and finish to generate the data file.

Configure Sage 50 v. 2013 customer defaults to automate new customer data entry, including terms, general ledger accounts, aging, custom fields, finance charges, payment methods, and deposit tickets.

Set up vendor defaults in Sage 50 to streamline new vendor records with payment terms, aging settings, general ledger accounts, custom fields, and ten ninety-nine settings, with per vendor overrides.

Set inventory defaults in Sage 50 to define default item types, tax settings, shipping methods, GL accounts, and auto purchase orders, ensuring consistent item creation and pricing.

Navigate the Sage 50 payroll setup wizard to configure payroll item defaults and employee defaults, choosing full service or in-house payroll, and manage tax tables and external data entry.

Edit payroll item fields, including deductions, additions, and exceptions, in the employee defaults window, with locality, custom fields, and payroll name display, then apply changes with ok.

Set up job defaults in Sage 50 v. 2013 to track spend and earned by each job, with unassigned line item warnings, statuses, and five custom fields, then save.

Back up your Sage 50 v. 2013 company data to prevent loss from corruption or outages. Learn to use backup command, choose options, and save the backup to a drive.

Learn to restore a company file from a backup, choosing to restore company data, customized forms, web transactions, or all three, via the restore wizard.

Create and manage administrator and additional user accounts in sage 50 to secure the company file, then set access levels per area and require logon with passwords.

Set up general ledger defaults by selecting maintain, then default information, then general ledger, choose a rounding account (balance sheet or income statement), and click OK to apply.

Create and manage your sage 50 v 2013 chart of accounts using the maintain accounts window to add, rename, delete, and enter opening balances.

Delete unused account from the chart of accounts by selecting it, clicking delete, and confirming with yes when no transactions and it isn't the default for items, vendors, or customers.

Record beginning balances in Sage 50 by selecting the period and entering accounts. Post to the assets and expenses or liabilities, equity, and income columns, then review the trial balance.

Post balanced general journal transactions by ensuring equal debits and credits to the correct accounts, with optional job attribution, then save and browse entries using the general journal window.

Navigate the general ledger module to view and preview account variants, budget, cash account register, chart of accounts, general journal, general ledger, and all trial balance and transaction detail reports.

Create budgets for up to four fiscal years in Sage 50, adjust per-account amounts or an equal per-period total, edit the budget spreadsheet (with autofill) and save.

Use the cash account register in Sage 50 v. 2013 to enter new transactions in a checkbook-like format, select accounts and dates, and save or drill down to edit.

Set up sales tax by creating tax authorities and tax codes, then apply the code to invoices to calculate tax and view collected amounts in reports.

Record the customer's tax code on invoices, verify it in the invoice window, apply the item’s taxable type, and issue a check to the vendor for the sales tax owed.

pull the taxable and exempt sales report to identify the amounts collected and owed to each tax authority for the period, then remit taxes using the sales tax payable account.

Learn to manage customer records in Sage 50, including creating customers, setting default terms, tax codes, contacts, addresses, and sales data, while handling invoices and aging reports.

Enter customer beginning balances in Sage 50 v. 2013 by recording outstanding invoices as of the start date and ensure the accounts receivable balance matches the general ledger.

Set vendor defaults to monitor purchases and payments and post to the general ledger. Add and customize vendor records with contact details, addresses, tax IDs, terms, and history.

Adjust vendor beginning balances by opening the vendor balances window from maintain vendors history, double-clicking a vendor, and entering unpaid bills with invoice date, po, and amount, then save.

Learn to set up and classify inventory items in Sage 50, including stock, non-stock, service, and assembly items, and define item IDs, costing methods, and master stock relationships.

Open the maintain inventory items window, go to beginning balances on the General tab, enter quantity and unit cost for items as of start date, and align totals with GL.

Modify a record's ID by opening the maintain window, selecting the record, using the change button, and saving the new ID; all related transactions update accordingly.

Access default information via maintains, open the statement invoices window, and set print options and dunning messages to tailor statements and invoices before sending, then click ok.

Create quotes for customer pricing on prospective jobs that don’t affect the general ledger, then convert them into sales orders or invoices to enable partial shipments and back orders.

Open the quotes window from the menu, enter the customer ID and ship-to details, add items with quantity, price, tax, and freight, then save or print the quote.

Open the quotes window, click convert, and choose to convert a quote to a sales invoice or sales order (or print now); enter invoice or order number, then click Ok.

Explore how to create and finalize sales orders in Sage 50, including customer selection, order details, line items, pricing, tax, freight, and posting to revenue accounts.

Create customer invoices in the sales invoicing window, verify customer data, add line items or apply from sales orders, and save or print invoices for accounts receivable.

Learn to issue and apply credit memos in Sage 50 v 2013, using the credit memos window, selecting customers, and applying credits to invoices or sales for returns.

Enter cash sales and deposits in the receipts window, apply payments to open invoices, process credit card payments, and manage vendor refunds and prepayments using customer or vendor IDs.

Learn how to assess and apply finance charges on overdue balances in Sage 50 v. 2013, including selecting customers, applying charges, and generating printable finance charge reports and customer statements.

Use the select for deposit window to combine receipts into a single deposit with a deposit ticket ID, select the cash account via account ID, then set date and save.

Create and edit vendor purchase orders to order inventory, receive items via the purchases/receive inventory window, and manage line items with auto fill.

Enable dropship in the purchase orders window to ship directly to customers while billing the vendor, enter the customer ID, and record the customer invoice number.

Use the select for purchase orders to filter items and set order quantity or unit price for multiple items. Print or preview the resulting purchase orders and order the inventory.

Learn to enter vendor purchases and received inventory with the purchases receive inventory window. Use the two tabs to manage open purchase orders, invoices, payments, and recurring purchases.

Explore how to use the payments window in Sage 50 to pay vendor bills, apply payments to open invoices, enter prepayments, vendor credits, and customer refunds, and manage recurring payments.

Learn to use the select for payment window to issue paper checks or electronic payments for multiple vendor invoices, with filters for dates, due dates, and discounts.

Enter vendor credits via the vendor credit memo window, select the vendor, enter the credit number, choose the AP account, and apply to open invoices or use the purchases tab.

Learn how to build and unbuild assemblies in Sage 50 v. 2013 using the building and build assemblies window; manage bill of materials and adjust component quantities to update inventory.

Adjust inventory in Sage 50 by matching physical recounts and entering item id, date, reference code, positive or negative quantity with a reason, then save to update on-hand quantities.

Select a range of items and apply filters to recalculate prices in Sage 50. Choose price levels to adjust, decide method, use recall, and save the new pricing.

Create and maintain new employee records in Sage 50, entering IDs, names, addresses, employment status, pay details, and benefits for payroll accuracy.

Enter beginning balances for employees in Sage 50 v. 2013 to ensure payroll and W-2 year-to-date totals are correct, without affecting the general ledger.

Learn to create and manage performance reviews in Sage 50 v. 2013, including entering review dates, reviewer names, ratings, notes, next review date, and attachments, then save.

Mastering Sage 50 payroll: use the select for payroll entry window to filter and pay groups of employees by frequency, type, and range, then print paychecks and set pay dates.

Create a single paycheck in the payroll entry window by selecting the employee ID, leaving the check number blank for printing, and saving or printing for batch processing.

Use the right text window to quickly write checks and apply the amounts to one or more expense accounts, including optional splits and electronic payment options.

Void checks in Sage 50 by creating a reversing entry with the original check number followed by v, then review the changes in reports and the reconciliation window before confirming.

Reconcile bank, cash, and credit card accounts in Sage 50 v. 2013 using the account reconciliation window, then mark transactions as cleared to zero the unreconciled difference.