Simply Accounting 2006 Level 1

Courseware Outline
Introduction
Objectives of Section 1
Overview
What is Simply Accounting Pro 2006 Pro?
Starting Simply Accounting
Selecting a Set of Data Files
Looking at the Simply Accounting Home Window
Moving Around
Help System
Understanding the Chart of Accounts
Account Types
Creating Accounts
Modifying Accounts
- Finding and Modifying an Account
Deleting Accounts
Saving Change
Company Information
Printing the Chart of Accounts
Understanding the Session Date
Inputting Dates
Accounting / Non-Accounting Terminology
General Module Linked Accounts
General Journal Transactions
Recurring Transactions
- Creating and Storing Recurring Transactions
- Recalling Stored Recurring Transactions
Adjusting and Reversing General Journal Entries
- Adjusting Posted General Journal Entries
- Reversing General Journal Entries
The General Journal Report
Backing Up Simply Accounting Data Files
Exiting Simply Accounting
Summary of Section 1
Questions and Review

Inventory and Services
Objectives of Section 2
Creating Inventory Accounts
Creating Inventory Items
Creating Service Items
- Changing Inventory & Service Data
Inventory Module Linked Accounts
Inventory Reports
Summary of Section 2
Questions and Review

Accounts Payable
Objectives of Section 3
Creating Vendors
Modifying Vendors
Setting Up the Shippers List
Payables Module Linked Accounts
Accounts Payable Inventory Purchases
- Purchasing Inventory On Account
Non-Inventory Purchases
Purchases With Immediate Payment
Recurring Entries
Purchase Orders
Filling a Purchase Order
- Creating a Purchase Invoice from a Purchase Order
Viewing, Adjusting & Voiding Posted Payables Invoices
Payables Payments
- Paying Vendor Invoices
Making Prepayments
Reversing Payments
Payables Reports
Summary of Section 3
Questions and Review

Accounts Receivable
Objectives of Section 4
Accounts Receivable Customers
Modifying Customer Information
Receivables Module Linked Accounts
Comments on Customer Forms
Accounts Receivable Sales
Recurring Transactions
Sales Quotes
Accounting for Over-the-Counter Sales
Viewing, Adjusting & Voiding Posted Receivables Transactions
Receivable Receipts
- Receiving Payment on Invoices
Adjusting/Reversing Receivables Receipts
Prepayments & Deposits
Applying Deposits/Prepayments
Sales Returns
Receivables Reports
Summary of Section 4
Questions and Review

Payroll
Objectives of Section 5
Payroll Overview and Set Up
Creating Employee Records
Modifying Employee Records
Payroll Linked Accounts
Paying Employees
Recurring Transactions
Payroll Advances
Viewing, Adjusting & Voiding Posted Payroll Transactions
Entering Taxes Manually
Payroll Reports
Summary of Section 5
Questions & Review

Reporting, Miscellaneous & Period End Procedures
Objectives of Section 6
Creating Graphs
Creating & Printing Financial Reports
- Financials
Using the Daily Business Manager
- Processing Transactions in the Daily Business Manager
Using Checklists
Checking Data Integrity & Compacting The Database
Printing In Batches
- Setting Up Batch Printing
- Printing in Batches
Month End Procedures
Calendar Year End Procedures
Year End Procedures
Summary of Section 6
Review Questions

Appendices
Productivity Tools
Glossary of Terms
Answers to Review Questions
Create a New Company Using a Chart of Accounts Template