Course Description

This class will focus on the proper setup of the Settler farm accounting software.  It will be based on using Settler Gold, but there will be reference and information for Lite users.  This accounting software is full of value added features specific for the farm industry – find out what it can do for you! This course will provide invaluable tips for those who are Incorporated and those who are sole proprietors. Taught by our Settler Certified Consultant who also has an accounting background makes this course a good investment to ensuring your books are setup in a proper fashion.

Course Objectives

Ø      To take a new user through the process of setting up a set of books on the Settler software.  After the course the students will be equipped with enough information to properly setup their own company books in Settler.

Ø      To provide information about the many farm specific features available in Settler. The Settler software allows you to grow into it and implement the features as you need and want them.

Ø      To use the software hands on and build a fictitious company and to get new and flexible information along the way.  In this way the student will better understand how the steps will apply or not apply to their own set of books.

Table of Contents

I  Useful Pointers about Settler Setup

1. Keep it simple
2. Information needed to get started
3. Recommended setup order

II  Creating a New Data File Set

1. Cash or accrual accounting
2. Selecting a starter set of files

III  The WINGOLD Interface

1. The Wingold screen
2. Moving around in Wingold

IV  The Simple Setup Steps

1. The business information
2. Setup enterprises

V  Setting up the Chart of Accounts

1. Understanding the chart of accounts structure
2. Adding new accounts
3. Account setup tips
4. The account detail fields
5. Editing and deleting accounts
6. Handling personal income & expense accounts

VI  Setting Mandatory Accounts

VI  Accounts Payable Suppliers 

1. Why use supplier cards
2. What about an opening accounts payable balance

VII  Accounts Receivable Customers

VIII  Entering Opening Balances  

1. General ledger opening balances
2. Preparing bank accounts for outstanding transactions
3. Receivables & payables opening balances

IX  Setting the Books to Ready 

1. Must be balanced
2. A backup must be done
3. Be sure all steps above set to ready are complete
4. Set the books to ready
5. Setting up outstanding bank transactions

X  Working with your Files

1. Saving your data files
2. Exiting the program
3. Opening a database
4. Setting a default date

XI  Capital Assets

1. Setting up your capital assets
2. Splitting off capital assets

XII      CCA Schedule

XIII     Past Years' Income/Expense

XIV     Fair Market Value

XV       Revenue Canada Tax Information  

XVI         WINGOLD Preferences