Simply Accounting Overview of Topics Review of Accounting Terms & Concepts : Some time will be taken in this first session to introduce general accounting terminology and concepts pertinent to the Accounting process. In particular, the basic classifications schemes such as Assets, Liabilities, Owner’s Equity, Revenue and Expense accounts will be introduced, as will be the debit/credit notions and the various financial reports. Exercises involving sample transactions will be completed at this time.
General Ledger entering , modifying, deleting G/L accounts, - Entering, modifying, deleting historical data, year to date figures etc - Types of accounts & setting up the integrating accounts, Setting up Accounts Payable setting up the integration accounts, - setting up the vendor accounts, entering, modifying, deleting vendors - entering, modifying, deleting historical data Setting up Accounts Receivable: setting up the integration accounts, - setting up the customer accounts, entering, modifying, deleting accounts, - entering, modifying, deleting historical data Processing Transactions : At this stage, participants will be given information relating to a variety of transactions such as purchase information, sales data and we will go through the process of processing the details. - Entering accounts, customers, vendors etc. on the fly. Special Features Overview of Recurring Transactions and how they can be used, - Modifying/Deleting/Reversing Existing transactions Report Features Overview of the Reports,
Setting up Payroll setting up the integration accounts,
Daily Routines Entering transactions & printing various documents; - listing/printing special reports customer and vendor aging
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