ACCT 2001: Accounting Software Applications 

Description

Prerequisites

Corequisites

Course Learning Outcomes

• Use Quickbooks to set up customer, employee and vendor modules in the software
• Use QuickBooks to record: journal entries, cash, accounts receivable and accounts payable
• Use Quickbooks to produce financial statements
• Use Sage 50 to create, adjust or reverse accounting entries in the accounts payable, accounts receivable, general and payroll modules of the software
• Use Sage 50 to create a new company data file using a Chart of Accounts template
• Use the Sage 50 Accounting General Ledger module to produce financial reports and prepare a bank reconciliation
• Use Sage 50 to create, modify, or delete inventory or service items, customer accounts and supplier accounts
• Set up and use Sage 50 Accounting Payroll module
• Set up and use Sage 50 Departments, Security and Budgets

Prior Learning Assessment & Recognition (PLAR)

Hours

Instructional Strategies

Evaluation Plan

Course topics

• QuickBooks: 1. Introduction to QuickBooks. 2. General ledger accounts, customer and vendor profiles 3. Recording day-to-day transactions, adjusting entries in the vendor, customer and company module 4. Processing manual and computer-generated cheques 5. Printing journals, general ledger reports, aged analysis, trial balance and financial statements
• Sage 50: 1. Introduction to Sage 50 Accounting and security options 2. Creating a new company 3. Setting up the General Ledger, entering Budgets and Chart of Accounts, and adjusting entries 4. Printing journals, general ledger reports and trial balances 5. Generating financial statements and preparing Bank Reconciliations 6. Set up and activation of the Accounts Receivables Module, Accounts Payable Module, Payroll Module and the Project Module 7. Processing day-to-day transactions using project tracking from journal entry, accounts receivable, accounts payable and payroll module