Set Up and Maintain
- Initial decisions and getting started
- Set up a chart of accounts for the first time
- Set up account segments (Sage 50 Premium Accounting and higher)
- Add an account to an established chart of accounts
- Delete an account from the chart of accounts
- Change an account ID
- Create a budget
- Edit a budget
- Set up a rounding account for financial statements
- Enter G/L beginning balances
- Add a new account while entering G/L beginning balances
- Enter prior-period adjustments
- Enter beginning transactions for first account reconciliation
Tasks
- Record a General Journal entry
- Enter a reversing General Journal entry
- Reconcile an account (bank statement reconciliation)
- Manually match imported bank records to Sage 50 transactions
- Post journal entries to the General Ledger
- Unpost journal entries from the General Ledger
- Import a budget
- Export budgets to Excel
- Change accounting periods
- Display G/L reports onscreen
- Display a financial statement onscreen
- Print a report or financial statement
- Design financial statements
- General Ledger year-end procedures
- Close the fiscal year