Computer Training
Simply Accounting Intermediate
Course Length: 2 Days
Course Prerequisites
- Required: Knowledge of Simply Accounting Introduction topics.
Course Description
- This course builds on the Introduction course. Topics include: setting up data files & customizing settings, banking & credit cards, security, budgets & projects, inventory adjustments, additional payroll features, working with foreign currencies, and remitting GST/PST.
Detailed List of Topics
Setting Up Data Files & Customizing Settings
- Creating a New Company
- Using the Setup Wizard
- Setting Up the General Ledger
- Entering Opening Balances
- Setting Up Linked Accounts
- Entering Vendors and Purchases History
- Entering Customers and Sales History
- Entering Inventory and Services History
- Entering Employees and Payroll History
- Finish Entering Historical Data
- Customizing Simply Accounting
- Setting Up Sales Taxes
Banking & Credit Cards
- Setting Up the Bank Reconciliation
- Setting Up an Account for Reconciliation
- Reconciling an Account for the First Time
- Reconciling an Account
- Importing Online Statements
- Downloading and Importing Statements
- Working with Credit/Debit Cards 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
Security, Budgets & Projects, Inventory Adjustments
- Adding Passwords and Security
- Accessing the System Administrator
- Adding A User
- Changing or Deleting a User’s Password
- Deleting a User
- Removing Security Options from the Data File
- Budgeting
- Activating the Budget Option
- Creating A Budget
- Reporting Against the Budget
- Updating the Budget
- Handling Project / Department Accounting
- Setting Up Projects / Departments
- Allocating Expenses and Revenues
- Reporting on Project / Department Performance and Budgets
- Managing Inventory
- Performing Inventory Counts
- Writing Off Inventory
- Looking at Item Assembly
Payroll (Additional Features)
- Checking the Tax Tables
- Introducing New Types of Income
- Introducing New Types of Deductions
- 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 a Record of Employment
- Generating T4 Slips
- Setting Up Printer Options in Preparation for T4 Slips
- Printing T4 slips
- Personal Tax Credits
- Using SimplyCARE Payroll
- Handing Direct Deposit
Working with Foreign Currencies
- 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
- Pricing Inventory & Services
- Setting Up Foreign Customers
- Tracking Import Duty Information
- Making Purchases
- Making Sales Using A Foreign Currency
- Foreign Currency Reporting
Miscellaneous Items
- Creating and Setting Up New Sales Taxes
- Reporting Tax Information on a General Journal Transaction
- Charging Interest on Overdue Accounts
- Preparing Customer Statements
- Setting up the Statements
- Printing or E-mailing a Customer Statement
- NSF Cheques
- Handling Bad Debts
- Writing Off a Bad Debt
- Clearing Transactions
- Making Records Inactive
- Handling GST & GST Remittances
- Calculating the Amount of GST Owing/Refundable
- Handling & Remitting Provincial Sales Tax
- Remitting PST
- Handling & Remitting WCB Premiums
- 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
- Using DDE (Dynamic Data Exchange)
- Exporting Reports
- Using the New Business Guide
- Using the Simply Accounting Basic/Pro Versions
- Finding Important Code Numbers
- Using the Web Store
- Crystal Reports
- Using Third Party Products
- Importing Data from Other Accounting Software
- Importing QuickBooks Data
- Importing MYOB Data
- Importing Simply Accounting Payroll Data