Course Details

Financial Management Using Pastel Training Course

INTRODUCTION

The Financial Management Using Pastel Training Course is designed to provide participants with a comprehensive understanding of how to effectively manage financial data and operations using Sage Pastel Accounting software. This course equips professionals with the skills required to leverage Pastel's powerful accounting tools for managing and automating financial processes, from bookkeeping and invoicing to reporting and tax compliance.

Participants will gain hands-on experience in using the software to maintain accurate financial records, generate insightful financial reports, and ensure compliance with accounting standards. Whether you're an accountant, finance manager, or business owner, this course will enable you to streamline your financial management tasks and make informed decisions with confidence.

DURATION

5 Days

OBJECTIVES

By the end of this course, participants will be able to:

• Navigate and Utilize Sage Pastel Software
  Understand the interface and efficiently navigate through Sage Pastel to manage financial data and perform various accounting tasks.
• Manage Financial Records Accurately
  Set up and manage accounts, record daily transactions, process invoices, and perform bank reconciliations to maintain accurate financial records.
• Generate and Interpret Financial Reports
  Create key financial reports such as balance sheets, income statements, cash flow reports, and customized reports, helping to make informed business decisions.
• Handle Accounts Payable and Receivable
  Manage customer and supplier accounts by processing payments, receipts, and credit notes, ensuring proper cash flow management.
• Ensure Tax Compliance
  Utilize Sage Pastel’s tax features to calculate and process VAT and other tax-related entries accurately, staying compliant with tax regulations.
• Perform Budgeting and Forecasting
  Use Pastel’s budgeting tools to plan and track budgets, compare forecasts to actual financial performance, and analyze variances.
• Manage Fixed Assets
  Use the software to track, depreciate, and manage fixed assets to maintain an accurate financial position of the organization.
• Work with Multi-Currency Transactions
  Learn how to handle transactions in multiple currencies, making it easier to manage international business dealings.
• Automate Routine Accounting Processes
  Leverage automation features in Pastel to reduce manual tasks, ensuring more efficient and error-free financial management.
• Secure Data and Perform Backups
  Implement best practices for data security within Sage Pastel, including setting up user roles and performing regular backups to protect financial information.

COURSE CONTENT

Module 1

Starting Pastel Pro Accounting

• Opening Pastel Pro Accounting
• Identifying parts of the screen
• Identifying menus and toolbars
• Setting up pastel
• Identifying sections
• Navigating in Pastel
• Using Easy Step interview
• Entering the information
• Backup the information

Setting up Quickbooks

• Identifying sections
• Navigating in QuickBooks
• Using the EasyStep interview
• Entering the information
• Backup the information

Lists

• Editing the chart of accounts
• Working with a customer list
• Working with an employee list
• Working with a vendor list
• Adding custom fields
• Managing lists
• Printing lists

Module 2

Working with Customers

• Invoice
• Sales Receipt
• Sales forms
• A/R Register
• Memorizing sales
• Entering a new service item
• Recording customer payment
• Making deposits

Customizing forms

• Creating a new template
• Designing a custom layout for an invoice form
• Using Quickbooks letter

Module 3

Working with Vendors

• Accounts payable
• Enter bills
• Pay bills
• Write checks

Bank accounts

• Entering checks directly
• Bank account register
• Entering a handwritten check
• Transferring money between accounts
• Reconciling checking accounts

Other accounts

• Tracking credit card transactions
• Asset accounts
• Liability accounts

Module 4

Analyzing Financial Data

• Creating Pastel Reports
• Preset Reports
• Exporting to excel
• Creating Quick Insight graphs

Sales tax

• Setting up tax rates and agencies
• Grouping single tax together
• Identifying most common tax
• Indicating who and what gets taxed
• Applying tax to each sale
• Determining what you owe
• Paying tax agencies

Module 5

Payroll

• Setting up payroll
• Adding payroll items
• Setting up employee payroll information
• Writing payroll checks
• Tracking tax liabilities
• Payroll taxes

Estimating and progress invoicing

• Creating jobs and estimates
• Creating an invoice form an estimate
• Projects reports for estimates
• Updating job status

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

CERTIFICATION

Upon successful completion of this training, participants will be issued with a Macskills Training and Development Institute Certificate

TRAINING VENUE

Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com