Computerized Accounting

Program details

• Orientation
• Introduction of the Accounting Function and the Recording Process
• Adjusting the Accounts and Completion of the Accounting Cycle
• Accounting for Merchandising operations And pay roll
• Quick books –Sales and Invoices
• Quick Books —Bank Accounts and Inventory
• Quick books other functions
• Simply Accounting –General Ledger
• Simply Accounting— Accounts Payable
• Simply Accounting—Accounts Receivable and Payroll
• ACCPAC—- General Ledger
• ACCPAC—-Accounts Payable
• ACCPAC—-Accounts Receivable
• Placement

Course Outline:

Module 1 Orientation

Module 2. Introduction of the Accounting Function and the Recording Process

• Principle of Canadian accounting and bookkeeping system
• Explain the meaning of GAAP and the Basic Assumptions
• Distinguishing between bookkeeping and accounting
• Transaction analysis
• Define debits and credits and explain how they are used to record business transactions
• Identify the basic steps in the recording process
• Record transactions in journal (daily transaction )
• Post General Journal to General ledger accounts
• Prepare a trial balance of book and explain its purposes

Module 3. Adjusting the Accounts

• Explain the time period assumption
• Distinguish between the Cash Basis accounting and Accrual Basis accounting
• Explain why adjusting entries are needed
• Explain the major types of adjusting entries Prepare the adjusting entry and explain the nature and purpose of an adjusted trial balance
• Prepare closing entries
• Describe the content and purpose of a post-closing trial balance
• State the steps in the accounting cycle
• Prepare a classified financial statement

Module 4. Accounting for Merchandising Operations and Payroll

• Merchandising operation
• Recoding purchases of merchandise
• Purchase returns and allowance
• Recoding sales of merchandise
• Sales return and allowances and discount
• Summary of merchandising entries
• Internal control over cash receipts
• Internal control over cash disbursements
• Making bank deposit
• Bank statements
• Reconciling the bank account
• Explain Canadian payroll system
• Determining employee gross earnings and employer payroll cost
• Explain and calculate payroll deductions
• Prepare payroll journal entry

Module 5 Quick books –Sales and Invoices

• Introducing QuickBooks
• Setting up a new company
• Entering company info
• Setting up QuickBooks preferences
• Choosing a start date
• Creating income and expense accounts
• Providing details about your income
• Entering opening balances
• Getting help while using QuickBooks
• Using QuickBooks lists
• Editing the chart of accounts
• Working with the Customer Job list
• Working with the Vendor list
• Working with the Employee list
• Generating Invoices
• Editing invoices
• Printing a batch of invoices
• Memorizing invoice or other types of transactions
• Entering a new service item
• Entering credit memos
• Issuing refunds
• Handling bills
• Managing credit card transactions
• Editing bills
• Printing a bill or a batch of bills
• Paying bills

Module 6. Quick Books —Bank Accounts and Inventory

• Writing checks
• Using bank account registers
• Making deposits
• Transferring money between accounts
• Reconciling checking accounts
• Turning on the inventory feature
• Entering products into inventory
• Ordering products
• Receiving Inventory
• Entering a bill for inventory
• Manually adjusting inventory after actual inventory count
• Determine inventory shrinkage and adjusting entries

Module 7 Quick Books Other Functions

• Overview of payroll tracking
• Setting up for payroll
• Setting up employee payroll information
• Writing a paycheck
• Tracking your tax liabilities
• Paying payroll taxes
• Tracking and paying sales tax
• Creating an invoice from an estimate
• Tracking time
• Customizing forms
• Creating and customizing preset reports

Module 8. Simply Accounting –General Ledger

• Introduction Simply Accounting
• Setting up a new company
• Enter company information in system
• Choose a Typical set of accounts for business
• Create Chart of accounts
• Set up bank accounts
• Set up linked accounts
• Set up accounts for reconciliation
• Check chart of accounts
• Set up sales taxes
• Set up payroll options
• Enter payment options for vendors and customers
• Set display preference
• Add Credit-card Accounts
• Select inventory options
• Add accounts keep track of inventory and service items
• Make a List of the items and services
• Create and maintain price lists
• Assemble items form components

Module 9. Simply Accounting— Accounts Payable

• Setting Up options for vendors and purchases
• Adding Vendors
• Entering a purchases
• Editing Taxes
• Ordering Goods and Service
• Prepaid Orders
• Paying for goods and service
• Correcting or canceling purchase invoice
• Correcting or canceling payments to vendors
• Correcting or canceling prepayments
• Paying credit–card bills
• Paying other bills

Module 10. Simply Accounting—Accounts Receivable and Payroll

• Setting up options for customers and sales
• Adding basic customer information
• Entering a sales
• Editing taxes
• Prepaid orders
• Receiving payment for goods and services
• Correcting or canceling sales invoice
• Correcting or canceling payments form customers
• Accepting a customer return
• Checking your payroll options
• Adding employees
• Paying individual employees
• Paying a group of employees with a payroll check run
• Paying out vacation time

Module 11. ACCPAC-General Ledger

• Setting up the system database
• Defining the company profile
• Setting up general ledger options
• Setting up G/L account structures
• Adding the general ledger accounts
• Modifying an charter account
• Set general ledger to ready
• Processing a general ledger batch
• Printing a beginning trial balance

Module 12. Accounts Payable For ACCPAC

• Adding tax classes
• Activating the accounts payable ledger
• Defining the company profile and A/P options
• A/P background information
• Creating vendor records
• Process vendor invoices ,debit notes and credit notes
• Vendor tax
• Posting Batch
• Printing an invoice posting journal
• Processing adjustments, using the adjustment function
• Correcting errors in the batch
• Posting adjustments batch
• Processing payments
• Printing analytical reports
• Payment batch
• The check run
• Miscellaneous payments
• Generate trial balance to general ledger

Module 13. Accounts Receivable For ACCPAC

• Activating the accounts receivable ledger
• Modifying A/R options
• Defining background information
• Creating customer records
• Accounts receivable batches
• Processing customer invoices
• Processing debit note and credit notes
• Posting batch
• Printing an invoice posting journal
• Processing adjustments
• Printing the adjustments posting journal
• Processing customer receipts
• Printing and posting a receipt batch
• Generating aging trial balance
• Processing NSF cheques
• Processing bad debt
• Reconcile trial balance to general ledger