Course length: 2 days

Groups generally small 1-3 people

Course description:

How does the nominal coding and/or departments need to be set-up in order to obtain the management reports required?

Revise the Chart of Accounts to reflect any changes of codes.

Discuss Budget input and reports.

Upon successful completion of this course, students will be able to:

Set up customers:

Addresses, defaults, discounts, contacts diary and memo.

Enter invoices and credits if they are not going to be posted from invoicing.

Reports available, especially aged debtors' report.

Set up suppliers:

Addresses, defaults, bank account.

Enter invoices and credits (version 6 and higher Line50 allows automatic posting from POP).

Reports available, especially aged creditors.

Deal with Bank transactions:

Setting up bank accounts.

Receiving and paying money to include printing of remittance advice and cheques for suppliers.

Transfers between accounts.

Recurring payments (standing orders).

Produce invoices automatically:

Are products or services provided (products can now be non-stock items)?

Amend layouts of invoices to conform to paper used.

Entering, printing and posting invoices.

Deal with Stock.

Use SOP and POP if required.

Review of whole system view the prints available.

Produce VAT reports, P&L and Balance Sheet and Budget reports.