The Benefits Of Studying Sage 50
Sage 50 Study
Sage 50 cloud is a set of accountancy and payroll products developed by Sage Group aimed at small and medium enterprises. Sage offers different products under the Sage 50 name in different regions.
Sage 50 is positioned as an easy-to-use desktop accounting software for growing small businesses but is scalable to perform big business accounting.
It includes standard accounting such as accounts payables and accounts receivable; bill payments and cash flow management.
Roles and Responsibilities
- Ensuring the accuracy of financial documents, as well as their compliance with relevant laws and regulations
- Preparing and maintaining important financial reports
- Preparing tax returns and ensuring that taxes are paid properly and on time
- Evaluating financial operations to recommend best practices, identify issues and strategize solutions, and help organizations run efficiently
- Offering guidance on cost reduction, revenue enhancement, and profit maximization
- Conducting forecasting and risk analysis assessments.
The Benefits of Studying Sage 50
Company data, including accounting data, is often sensitive and confidential in nature. Sage 50 Accounts provides multi-level security features that allow you to restrict access across the organization.
Additional security features include the inability to make changes to the accounting data of a prior accounting period in the current period.
Improved reporting function:
Sage 50 Accounts offers an improved reporting function that allows you to customize data and formats in financial statements. Company reports are generated for different user profiles including investors, shareholders and auditors. Sage 50 has a strong inventory reporting system. Inventory is an important area for a business. Once the inventory is setup properly, one can get several useful inventory reports.
Sage 50 Accounts offers a range of reporting functions that facilitates simple, easy and convenient report generation. For example, you can generate monthly, quarterly and annual reports as well as comparison reports for two different accounting periods.
User-friendly software that can be used by non-accountants:
Although Sage 50 Accounts is an accounting solution at its core, it can be easily used by non-accountants too. For example, if you are a business owner who is not a qualified accountant by profession, you can still use Sage 50 to manage your business requirements.
Scalable versions to match different business requirements:
Sage 50 Accounts is available in different versions and editions in order to meet the requirements of businesses with varying levels of complexity. A single edition of Sage 50 Accounts may consist of different versions.
Furthermore, Sage 50 Accounts also offers payroll processing, inventory management, and credit card processing features. The comprehensive set of features allows businesses to streamline customer management.
Increased Earning Potential
Skills You Will Learn
Some of the skills you will gain in the course of study include:
Sage 50 - Welcome to Sage 50 Accounts
Sage 50 - Getting started with Sage 50 Accounts
Sage 50 - Setting up Sage 50 Accounts
Sage 50 - Setting up your Chart of Accounts
Sage 50 - Setting up records
And lots more..