Sage 50 Accounting Basic To Advance Training Course 2025

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

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

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 LearnInstall and set up Sage 50 AccountingCreate and customize the chart of accountsManage opening balances, customers, and vendorsHandle purchases, sales, and credit transactionsRecord and process invoices, payments, and expensesWork with inventory, raw materials, and manufacturing featuresGenerate and customize financial reportsReconcile accounts and correct existing recordsAdvanced Topics Covered:Handling complex accounting adjustments, including prepaid expenses, accrued expenses, and bad debtsManaging opening balances for vendors, customers, inventory, and raw materialsUnderstanding direct sales, service invoices, credit sales, and customer advancesComprehensive project accounting and inventory management for manufacturing businessesRecording and reconciling purchase orders, sales invoices, and financial transactionsGenerating accurate financial reports and compliance-ready statementsWhy 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.

Overview

Section 1: Sage 50 Basic to Advance Training 2025

Lecture 1 Installation of Sage 50 Accounting Latest Software

Lecture 2 Exploring Company Options and Sample Data

Lecture 3 Creating a New Company in Sageline 50

Lecture 4 How to Re-Access Company Files

Lecture 5 Creating and Customizing Chart of Accounts in Sage

Lecture 6 How to Delete a Ledger in Sageline 50

Lecture 7 Entering Opening Balances in COA

Lecture 8 How Extract Opening Trial Balance Report in Sage

Lecture 9 Customization and Repositioning in Sage Reports

Lecture 10 Entering Customer Balances in Sage 50

Lecture 11 Entering Vendors With Balances

Lecture 12 Add Inventory with Opening Balances

Lecture 13 Reconciling Opening Trial Balance Before Day to Day Entries

Lecture 14 How to Enter day to day Transaction

Lecture 15 How to Deal with Advance Rent

Lecture 16 Dealing WIth Security Deposits in Sage

Lecture 17 Dealing With Repair and Maintenance Expenses in Sage

Lecture 18 Receiving Payments from Customers

Lecture 19 Handling Credit Purchases in Sage

Lecture 20 Recording Purchase Invoice With New Vendor

Lecture 21 Dealing With Cash Sales In Sage 50

Lecture 22 How to Book Direct Sales invoice in Sage 50

Lecture 23 Dealing With Customer Advances

Lecture 24 Recording Sales Order in Sage 50

Lecture 25 Recording Direct Credit Sales Against Customer in Sage 50

Lecture 26 Dealing With Purchase Orders in Sage 50

Lecture 27 Dealing With Bad Debts

Lecture 28 Recording Service Invoice

Lecture 29 Payment Against Services

Lecture 30 Convert Sales Order to Sales Invoice

Lecture 31 How to Adjust Credit Limit for Customers in Payment Terms

Lecture 32 Dealing With Purchase Returns

Lecture 33 Dealing With Sales Returns

Lecture 34 Receiving Payments From Customers in Full

Lecture 35 Converting Purchase Order to Purchase Invoice

Lecture 36 Recording Loss of Inventory in Sage

Lecture 37 How to Make Corrections to Existing Records

Lecture 38 Unwinding of Prepaid Expenses in Sage

Lecture 39 Extracting and Reconciling Closing Month End Reports

Lecture 40 Introduction to Manufacturing Company Project

Lecture 41 Creating a New Manufacturing Company

Lecture 42 How to Customize Dashboard in Sage

Lecture 43 Ledger Creation and Ledger Adjustments

Lecture 44 Entering Ledger Opening Balances in Sage

Lecture 45 Entering Customers and Balances

Lecture 46 Entering Vendors and Balances

Lecture 47 Creating Raw Material Inventory

Lecture 48 Defining Inventory UOM

Lecture 49 Create Finished Goods Using Bill of Materials

Lecture 50 Payment for Liabilities From Cash in Sage

Lecture 51 Entering Purchase Order and Choosing Right Accounting Period

Lecture 52 Convert Purchase Order to Purchase Invoice

Lecture 53 Dealing With Direct Purchases With Early Settlement Discount

Lecture 54 Dealing With Finished Good Sales Order

Lecture 55 Transferring Amount from Bank to Petty Cash For Office Use

Lecture 56 Receiving Customer Payments Against Open Invoices in Cash

Lecture 57 Receiving Customer Payments Against Open Invoices in Bank

Lecture 58 Payment Against Vendor Pending Bills With Early Settlement Discount

Lecture 59 Purchase of Services on Credit in Sage

Lecture 60 Purchase of Services on Cash from One time Vendors

Lecture 61 Dealing With Customer Prepayments in Sage 50

Lecture 62 Dealing With Sales Order with Customer Advances

Lecture 63 Dealing With Indirect Expenses from Write Checks in Sage

Lecture 64 Dealing With Indirect Expenses From Journal Entries

Lecture 65 Entering With Purchase of Fixed Asset in Sage

Lecture 66 How to Manufacture Finished Goods From Raw Material Using BOM in Sage 50

Lecture 67 Recording Bad Debt Expenses

Lecture 68 Adjusting Customer Advances With Sales Invoices Converted From Sales Order

Lecture 69 Entering Direct Sales Invoice in Sage

Lecture 70 Sales Order to Sales Invoice With Early Settlement Discount Policy

Lecture 71 Customer Earning Early Settlement Discount Against Invoice Payment

Lecture 72 Payment for Pending Vendor Bills

Lecture 73 Purchasing Fixed Asset by Giving Cash

Lecture 74 Clearing Loan Liability Payments

Lecture 75 Dealing With Purchase Return in Sage

Lecture 76 Dealing With Sales Returns

Lecture 77 Handling Purchase of Services by Cash

Lecture 78 Dealing With Director Drawings

Lecture 79 Handling Loss of Inventory in Sage

Lecture 80 Recording Cash Expenses

Lecture 81 Recording Accrued Expenses at Month End

Lecture 82 Extracting Closing Reports in Sage 50

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