Simply Accounting Level 1

Prerequisites:

Students must have experience using Windows and they are comfortable using a computer.  It is assumed that the student has completed or is familiar with accounting fundamentals.

Course Content:

• Overview

• Starting Simply Accounting

• Selecting a Set of Data Files

• Looking at the Simply Accounting Home Window

• Moving Around

• Help System

• The Chart of Accounts – How It Works

• Account Types

• Creating Accounts

• Modifying Accounts

• Deleting Accounts

• Saving Changes

• Company Information

• Printing the Chart of Accounts

• Understanding the Session Date

• Inputting Dates

• Accounting / Non-Accounting Terminology

• General Module Linked Accounts

• General Journal Transactions

• Recurring Transactions

• Adjusting and Reversing General Journal Entries

• The General Journal Report

• Backing Up Simply Accounting Data Files

• Exiting Simply Accounting

• Creating Inventory Accounts

• Creating Inventory Items

• Creating Service Items

• Inventory Module Linked Accounts

• Inventory Reports

• Creating Vendors

• Modifying Vendors

• Shippers List

• Payables Module Linked Accounts

• Accounts Payable Inventory Purchases

• Non-Inventory Purchases

• Purchases With Immediate Payment

• Recurring Entries

• Purchase Orders

• Filling a Purchase Order

• Viewing, Adjusting & Voiding Posted Payables Invoices

• Payables Payments

• Making Prepayments

• Reversing Payments

• Payables Reports

• Accounts Receivable Customers

• Modifying Customer Information

• Receivables Module Linked Accounts

• Comments on Customer Forms

• Accounts Receivable Sales

• Recurring Transactions

• Sales Quotes

• Sales With Immediate Payment – Accounting for Over-the-Counter Sales

• Viewing, Adjusting & Voiding Posted Receivables Transactions

• Receivable Receipts

• -  Receiving Payment on Invoices

• Adjusting/Reversing Receivables Receipts

• Prepayments & Deposits

• Applying Deposits/Prepayments

• Sales Returns

• Receivables Reports

• Payroll Overview and Set Up

• Creating Employee Records

• Modifying Employee Records

• Payroll Linked Accounts

• Paying Employees

• Recurring Transactions

• Payroll Advances

• Viewing, Adjusting & Voiding Posted Payroll Transactions

• Entering Taxes Manually

• Payroll Reports

• Creating Graphs

• Creating & Printing Financial Reports

• The Daily Business Manager

• Checklists

• Checking Data Integrity & Compacting The Database

• Printing In Batches

• Month End Procedures

• Calendar Year End Procedures

• Year End Procedures