Module 1: Introduction to Sage Accounting

• Overview of Sage Accounting
  • Introduction to Sage Software suite
  • Different types of Sage accounting products (e.g., Sage 50, Sage Business Cloud)
• System Requirements & Installation
  • Minimum system requirements
  • Installing Sage on your computer
  • Overview of the Sage interface
  • Setting up a new company in Sage
• Understanding the Dashboard
  • Customizing your dashboard
  • Key features and navigation

Module 2: Company Setup and Configuration

• Setting up a new company
  • Creating company profiles
  • Defining your fiscal year
  • Setting up your chart of accounts
  • Setting up taxes (e.g., VAT, Sales Tax)
• User Roles and Permissions
  • Adding users
  • Assigning roles and permissions
  • Configuring security settings

Module 3: Managing Financial Transactions

• Creating and managing customers and suppliers
  • Adding customer and supplier information
  • Setting up customer and supplier accounts
  • Adding and managing contacts
• Recording sales transactions
  • Creating and processing sales invoices
  • Recording payments and receipts
  • Issuing credit notes and refunds
• Recording purchase transactions
  • Creating purchase orders
  • Recording purchase invoices and payments
  • Managing purchase returns and credits

Module 4: Bank Reconciliation and Cash Flow Management

• Bank accounts in Sage
  • Setting up bank accounts
  • Managing multiple bank accounts
• Bank reconciliation
  • Importing bank transactions
  • Reconciling bank statements
  • Handling discrepancies
• Managing cash flow
  • Forecasting cash flow
  • Setting up reminders for due payments
  • Analyzing cash flow reports

Module 5: Inventory and Stock Management

• Setting up inventory
  • Creating stock items
  • Defining pricing and categories
• Managing inventory transactions
  • Recording stock purchases and sales
  • Adjusting inventory levels
  • Tracking stock movements
• Stock reports and valuations
  • Viewing stock valuation reports
  • Analyzing stock turnover
  • Generating stock reports

Module 6: Payroll and Employee Management

• Setting up payroll
  • Adding employee records
  • Configuring payroll settings
• Payroll processing
  • Creating and processing pay runs
  • Deductions and benefits
  • Generating payslips and reports
• Managing taxes for payroll
  • Tax calculations and deductions
  • PAYE and other statutory contributions
  • Generating tax reports

Module 7: Financial Reporting

• Types of financial reports
  • Income statement (Profit & Loss)
  • Balance sheet
  • Trial balance
• Generating reports in Sage
  • Customizing and filtering reports
  • Exporting reports to Excel or PDF
  • Scheduling and automating report generation
• Analyzing financial performance
  • Profitability and performance analysis
  • Financial ratios and key performance indicators (KPIs)

Module 8: VAT & Tax Management

• Understanding VAT in Sage
  • Setting up VAT schemes
  • Recording VAT on transactions
  • Generating VAT returns
• Managing other taxes
  • Handling PAYE and other deductions
  • Tax reporting and compliance
  • Filing returns with authorities

Module 9: Year-End Procedures

• Preparing for year-end
  • Finalizing accounts for the year
  • Closing the financial year in Sage
• Running year-end reports
  • Generating financial statements
  • Exporting and archiving reports
• Preparing for the new financial year
  • Creating a new fiscal year
  • Carrying over balances