SIMPLY ACCOUNTING 50 HRS

Program Details Program Code:
School: Macmillian Institute of Applied Health Sciences
Credential:Ontario College Certificate
Program Type:
Program Length:
Location: College Campus/Online
Email: macmillianinstitute@gmail.com
Telephone:647-219-4887

Simply Accounting is the full-featured accounting solution for small business requiring entry-level accounting, quick setup, ease-of-use and payroll functionality.

Simply Accounting Level 1 introduces students to electronic bookkeeping and accounting using Simply Accounting. The students will learn how to install and set up the software, set up a set of company books, create data files, make journal entries, accounts receivables, accounts payables, inventory and bank reconciliation. Simply Accounting Level 2 is a continuation of Level 1.

PRE-REQUISITES: Computer Fundamentals, Bookkeeping and Financial Accounting

COURSE OUTLINE

  • Getting Started
  • Goods and Services Tax
  • Entering Journal Transactions, New Accounts etc.
  • Preparing the Systems, Ledgers and Finishing he General Ledger History
  • Accounting for Purchases and Storing Recurring Journal Entry
  • Discount for Customers, Converting Quotes to Invoices and Prepayments to Vendors
  • Tax Remittances, Sales to and Purchase from Foreign Customers, Tracking Shipments and Entering Payments made and Received
  • Preparing the Ledgers, Creating New Accounts, Historical Vendors and Journal Entries
  • Entering Payroll Transactions, Vacation Pay, Completing Payroll Cheques etc.
  • Accounting for Inventory Sales and Purchases, Treating Return etc.
  • Setting up Budgets, Budget Reports etc.
  • Creating Linking Accounts for Reconciliation, Bank Reconciliation, End-of-Month Procedures
  • Practice Project

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