How Do I: General Ledger, Chart of Accounts, and Budgets

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Set Up and Maintain

• Initial decisions and getting started
• Set up a chart of accounts for the first time
• Set up account segments (Sage 50 Premium Accounting and higher)
• Add an account to an established chart of accounts
• Delete an account from the chart of accounts
• Change an account ID
• Create a budget
• Edit a budget
• Set up a rounding account for financial statements
• Enter G/L beginning balances
• Add a new account while entering G/L beginning balances
• Enter prior-period adjustments
• Enter beginning transactions for first account reconciliation

Tasks

• Record a General Journal entry
• Enter a reversing General Journal entry
• Reconcile an account (bank statement reconciliation)
• Import an electronic bank statement into Sage 50 (Sage 50 Premium Accounting and higher)
• Manually match imported bank records to Sage 50 transactions (Sage 50 Premium Accounting and higher)
• Post journal entries to the General Ledger (batch mode only)
• Unpost journal entries from the General Ledger (batch mode only)
• Import a budget
• Export budgets to Excel
• Change accounting periods
• Display G/L reports onscreen
• Display a financial statement onscreen
• Print a report or financial statement
• Design financial statements
• General Ledger year-end procedures
• Close the fiscal year

Published: March 21, 2017
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