• Course Description/Length/Prerequisites

This is an introduction to accomplishing basic accounting tasks using Simply Accounting. Students will begin with a company file and enter transactions for general ledger, accounts receivables, accounts payable, inventory, and managing capital expenses. This course will review some accounting fundamentals as they relate to the transaction at hand.

  • Learning Objectives/Outcomes

Upon completion of this hands-on course, students will be able to:

  • Introduce the student to some basic operations on how to perform daily accounting tasks in the
    • General Ledger
    • Accounts Receivable
    • Accounts Payable
  • Course Details


Looking at the Simply Accounting

Home Window

Understanding the Chart of Accounts

Account Types

Creating, Modifying & Deleting Accounts

Saving Changes

Company Information

Printing the Chart of Accounts

Understanding the Session Date

Inputting Dates

Accounting / Non-Accounting Terminology

General Ledger Module Linked Accounts

General Journal

Recurring Transactions

Reversing General Journal Entries

Backing Up Data Files

Inventory & Services

Creating Inventory Accounts

Creating Inventory Items

Creating Service Items

Inventory Module Linked Accounts

Inventory Reports

Setting Up the Shippers List

Accounts Payable

Creating and Modifying Vendors

Payables Module Linked Accounts

Accounts Payable Inventory Purchases

Non-Inventory Purchases

Purchases with Immediate Payment

Recurring Entries

Purchase Orders

Viewing, Adjusting & Voiding Posted Payables Invoices

Payables Payments

Making Prepayments

Reversing Payments

Payables Reports

Accounts Receivable

Accounts Receivable Customers

Modifying Customer Information

Receivables Module Linked Accounts

Accounts Receivable Sales

Recurring Transactions

Sales Quotes

Accounting for Over-the-Counter Sales

Viewing, Adjusting & Voiding Posted

Receivable Receipts

Adjusting/Reversing Receivables Receipts

Prepayments & Deposits

Applying Deposits/Prepayments

Sales Returns

Receivables Reports


Payroll Overview and Set Up

Creating and Modifying Employee Records

Payroll Linked Accounts

Paying Employees

Recurring Transactions

Payroll Advances

Viewing, Adjusting & Voiding Posted Payroll Transactions

Entering Taxes Manually

Payroll Reports


Reporting, Miscellaneous & Period End Procedures

Creating Graphs

Creating and Printing Financial Reports

Using the Daily Business Manager

Using Checklists

Checking Data Integrity and Compacting the Database

Printing in Batches

Month End Procedures

Calendar Year End Procedures

Year-End Procedures

Simply Accounting level 2

Course Outline

  • Course Description/Length/Prerequisites

This intermediate level course covers more advanced accounting tasks using Simply Accounting.

  • Learning Objectives/Outcomes

Upon completion of this hands-on course, students will be able to:

  • Create a new company data file without using a Chart of Accounts template
  • Setup the bank reconciliation feature and reconcile bank accounts
  • Work with security options in Simply Accounting
  • Create budgets and budget reports
  • Work with projects (departments)
  • Transfer and write off inventory items
  • Use advanced payroll features
  • Remit payroll deductions and company contributions to Canada Revenue Agency
  • Charge interest on overdue accounts
  • Prepare customer statements
  • Record unpaid cheques for receipts and account for bad debts
  • Remit GST and PST , and handle WCB
  • Clear transactions in Simply Accounting
  • Perform various tasks in Simply Accounting
  • Import data from other accounting programs
  • Course Details

Setting up Data Files and Customizing Settings

Creating a New Company

Customizing Simply Accounting

Banking and Credit Cards

Setting up the Bank Reconciliation

Reconciling an Account for the First Time

Printing the Bank Reconciliation Report

Working with Credit/Debit Card Transactions

Entering Customer Sales on Credit Card

Reconciling the Credit Card Account

Creating and Setting up Credit Cards for Purchases

Enter Vendor Purchases on Credit Card

Reconciling the Credit Card Statement

Security, Budgets, Projects and Inventory

Adding Passwords and Security

Accessing the System Administrator


Handling Project/Department Accounting

Setting up Projects/Departments

Allocating Expenses and Revenues

Managing Inventory

Additional Payroll Features

Checking the Tax Tables

Introducing Types of Income and Deductions

Introducing Types of Deductions

Setting Payroll Remittance

Employee Benefits

Setting up Batch Printing of Paycheques

Allocating Payroll Cheques to a Project/Department

Generating a Payroll Run

Remitting Payroll Deductions/Contributions

Releasing Vacation Pay

Employee Departures

Generating T4 Slips

Working with Foreign Currencies

Dealing with Foreign Currency

Setting up Foreign Currency

Setting up a Foreign Currency Bank Account

Setting up a Vendor

Setting up for Sales to Foreign Customers

Tracking Import Duty Information

Foreign Currency Reporting

Reports, Records and Importing Data

Charging Interest on Overdue Accounts

Preparing Customer Statements

Handling NSF Cheques

Handling Bad Debts

Clearing Transactions

Making Records Inactive

Handling GST and GST Remittances

Handling and Remitting Provincial Sales Tax

Remitting PST

Handling and Remitting WCB Premiums

Customizing Simply Accounting Journals

Viewing Account Numbers

Printing Labels

Using E-mail in Simply Accounting

Accessing the Simply Accounting by Sage Web site

Performing Management Reporting

Exporting Reports

Using the New Business Guide

Finding Important Code Numbers

Using Simply Forms Designer

Time Slips