Simply Accounting Level 2

Prerequisites:

Students must have experience using Windows and they have completed Level 1 or are familiar with the material. It is assumed that the student has completed or is familiar with accounting fundamentals.

Course Content:

• Creating a New Company

• Customizing Simply Accounting

• Setting Up the Bank Reconciliation

• Reconciling an Account for the First Time

• Importing Online Statements

• Working with Credit/Debit Card Transactions

• Entering Customer Sales on Credit Card

• Reconciling the Credit Card Account

• Creating & Setting Up Credit Cards for Purchases

• Enter Vendor Purchases on Credit Card

• Reconciling the Credit Card Statement

• Adding Passwords and Security

• Accessing the System Administrator

• Budgeting

• Handling Project/Department Accounting

• Managing Inventory

• Checking the Tax Tables

• Introducing Types of Income & Deductions

• Introducing Types of Deductions

• Setting Payroll Remittance

• Employee Benefits

• Setting Up Batch Printing of Paycheques

• Allocating Payroll Cheques to a Project/Department

• Generating a Payroll Run

• Remitting Payroll Deductions/Contributions

• Releasing Vacation Pay

• Employee Departures

• Making an Employee Inactive

• Generating T4 Slips

• Personal Tax Credits

• Using SimplyCARE Payroll

• Handing Direct Deposit

• Dealing with Foreign Currency

• Setting Up Foreign Currency

• Setting Up A Foreign Currency Bank Account

• Setting Up A Vendor

• Setting Up For Sales to Foreign Customers

• Tracking Import Duty Information

• Making Purchases

• Making Sales Using A Foreign Currency

• Foreign Currency Reporting

• Reporting Tax Information on a General Journal Transaction

• Charging Interest on Overdue Accounts

• Preparing Customer Statements

• NSF Cheques

• Handling Bad Debts

• Clearing Transactions

• Making Records Inactive

• Handling GST & GST Remittances

• Handling & Remitting Provincial Sales Tax

• Handling & Remitting WCB Premiums

• Customizing Simply Accounting Journals

• Viewing Account Numbers

• Printing Labels

• Using E-mail in Simply Accounting

• Accessing the Simply Accounting Website

• Performing Management Reporting

• Exporting Reports

• Using the New Business Guide

• Finding Important Code Numbers

• Using the Webstore

• Crystal Reports

• Using Third Party Products

• Importing Data from Other Accounting Software

• Time Slips