Sage Business Cloud for Accounting and Payroll

Introduction:

Sage Business Cloud is a leading cloud-based accounting and payroll solution designed to streamline financial management for small to medium-sized businesses. This course equips participants with the necessary skills to effectively manage accounting tasks, payroll processes, and financial reporting using Sage Business Cloud. By mastering Sage, businesses can enhance their financial efficiency, ensure compliance, and optimize their payroll operations.

Course Objective:

By the end of this course, participants will:

• Understand the core features of Sage Business Cloud for accounting and payroll management.

• Set up and customize Sage for their business needs.

• Record and categorize financial transactions, manage accounts payable/receivable, and generate invoices.

• Process payroll efficiently, ensuring tax compliance and accurate payments.

• Generate and analyze financial reports for business decision-making.

• Implement best practices in financial management using Sage.

Course Outline:

Module 1: Introduction to Sage Business Cloud

• Overview of Sage Business Cloud: key features and benefits for businesses.

• Navigating the user-friendly interface of Sage.

• Setting up a Sage Business Cloud account tailored to business operations.

• Hands-On: Creating and configuring your Sage account.

Module 2: Business Setup and Customization

• Entering company details: setting up the business profile and chart of accounts.

• Configuring tax settings based on regional compliance requirements.

• Setting up bank feeds for streamlined transaction management.

• Hands-On: Customizing Sage for your business, including tax configurations and banking integration.

Module 3: Managing Accounting Transactions

• Recording income and expenses: creating and managing invoices and bills.

• Setting up customer and supplier profiles for easy account management.

• Reconciling bank accounts and tracking payments.

• Hands-On: Recording and categorizing transactions in Sage.

Module 4: Financial Reporting and Insights

• Generating key financial reports: Profit & Loss, Balance Sheet, Cash Flow.

• Customizing and exporting reports for financial analysis.

• Using Sage reports for budgeting, forecasting, and tax preparation.

• Hands-On: Creating customized financial reports and analyzing business performance.

Module 5: Inventory and Asset Management

• Setting up and managing inventory items within Sage.

• Tracking assets and liabilities for accurate financial reporting.

• Hands-On: Configuring inventory and asset tracking features in Sage.

Module 6: Payroll Management in Sage Business Cloud

• Setting up payroll for employees, including tax deductions and benefit calculations.

• Managing payroll schedules, direct deposits, and tax filings.

• Ensuring compliance with tax laws and payroll regulations.

• Hands-On: Processing payroll and generating payroll reports in Sage.

Module 7: Managing Accounts Receivable and Payable

• Setting up recurring invoices and payment reminders.

• Managing supplier bills and payment schedules.

• Automating accounts payable and receivable processes for efficiency.

• Hands-On: Managing invoicing and bill payments through Sage.

Module 8: Tax Compliance and Year-End Reporting

• Understanding tax filing requirements and generating tax reports.

• Preparing year-end financials for compliance and tax purposes.

• Using Sage for VAT/GST submissions and other tax obligations.

• Hands-On: Creating tax reports and preparing for year-end processes.

Module 9: Best Practices for Accounting and Payroll

• Implementing efficient accounting workflows and payroll processes.

• Automating financial tasks for improved efficiency.

• Maintaining accurate records for audits and tax filing.

• Hands-On: Developing a streamlined accounting and payroll process in Sage.

Capstone Project:

• Participants will create a complete accounting and payroll system for a fictional business using Sage Business Cloud. They will manage income, expenses, payroll, and generate financial reports. The project will demonstrate their ability to use Sage effectively for financial management.

Course Duration: 15-20 hours of instructor-led or self-paced learning.
Delivery Mode: Instructor-led online/live sessions or self-paced learning modules.
Target Audience: Small business owners, financial managers, accountants, and payroll administrators.