Sage Instant Accounts For Dummies


Learn to:

  • Install and set up Sage Instant Accounts
  • Keep track of money in and out and easily view your cash position
  • Store customer information and generate quotes, invoices and remittances
  • Produce reports on your business performances and manage your VAT

Your complete guide to crunching the numbers with Sage Instant Accounts

Need to get a handle on your business’s finances? Look no further than this complete, hands-on guide to using Sage Instant Accounts to efficiently and effectively keep your books in order. Find out how to get started, produce key reports, easily track your cash position, prepare for business audits and financial year-end and much more!

  • Set up and get going — get started by installing and setting up Sage Instant Accounts, including setting up your chart of accounts and recording opening balances
  • Managing the day-to-day — dive into day-to-day activities like invoicing, recording bank entries, maintaining correct entries and keeping track of inventory
  • Running routines — find out how to run the routines that keep your business on track, including reconciling bank accounts, running monthly and annual routines and running your VAT return
  • All about reports — explore Sage Instant Accounts reports, including standard monthly reports and tackling the more complex issues
  • The next level — really master Sage Instant Accounts with handy shortcuts and advanced wizards

Open the book and find:

  • How to install and set up Sage Instant Accounts
  • Information on setting up your chart of accounts
  • Help with recording bank entries and invoicing customers
  • Tips on reconciling your bank accounts
  • How to run monthly and annual routines
  • Details on running key reports
  • A guide to running your VAT return
  • Handy shortcuts and advanced wizards

Jane Kelly is a Chartered Management Accountant and Sage trainer. She runs a training company offering support for businesses using Sage accounting packages and is the author of Sage 50 Accounts For Dummies and Bookkeeping For Dummies, UK edition.

Introduction 1

Part I: Getting Started with Sage Instant Accounts 5

Chapter 1: Introducing Sage Instant Accounts 7

Chapter 2: Creating Your Chart of Accounts and Assigning Nominal Codes 35

Chapter 3: Setting Up Records 55

Chapter 4: Recording Your Opening Balances 75

Part II: Looking into Day-to-Day Functions  93

Chapter 5: Processing Your Customer Paper work 95

Chapter 6: Invoicing Your Customers 107

Chapter 7: Dealing with Paperwork from Your Suppliers 117

Chapter 8: Recording Your Bank Entries 127

Chapter 9: Maintaining and Correcting Entries 143

Chapter 10: Keeping Track of Your Products 153

Part III: Running Monthly, Quarterly and Annual Routines  163

Chapter 11: Reconciling Your Bank Accounts 165

Chapter 12: Running Your Monthly and Yearly Routines 177

Chapter 13: Running Your VAT Return 191

Part IV: Using Reports 205

Chapter 14: Running Monthly Reports 207

Chapter 15: Tackling the Complicated Stuff 221

Chapter 16: Running Key Reports 235

Part V: The Part of Tens 251

Chapter 17: Ten (Okay, Eleven) Funky Functions 253

Chapter 18: (Not Quite) Ten Wizards to Conjure 257

Appendix: Glossary 263

Index 267