Course Description

This course covers some basic as well as some complex transactions (Loans, NISA, Dividends, Asset Sales, etc). Transactions can be edited or reversed - find out how.  Learn how to produce reports and track transactions through reports.  Hands on work with the Bank Reconciliation and the GST return function within Settler. Some of the Planning Tools like the Budgeter, Cash Flow and Tax Forecaster will be included in the course.  The year-end process will also be covered.

Course Objectives

Ø      The student will be given an in-depth description of the Transaction entry screen since that is the main screen that must be used in Settler. 

Ø      The student will be challenged to enter a number of unusual accounting entries into the system.  Note taking is a must to complete many of the exercises.  That way the student will have information to help themselves out when they encounter the same or similar thing in their own books.

Ø      The Bank reconciliation is critical to maintaining a good set of books. There will be a section on reconciling the entries the student enters through the exercises.

Ø The extra tools that come with Settler will be covered so that you will have an understanding on how some of them will benefit your operations and how easy it is to use them.

Table of Contents

I           Transaction Entry

1. How to start transaction entries

2. Transaction Entries

II         Correcting Posted Transactions

1. Using the General Journal for Corrections

2. Edit Transaction

3. Reverse Transaction        

III        Memorizing & Recalling Transactions

1. Memorizing a Transaction

2. Recalling a Memorized Transaction

IV        Processing the GST Return 

V         Handling Loans

1. Create a General Ledger Account for the Loan

2. Entering the Loan Proceeds         

3. Enter the Capital Asset Purchase Invoice

4. Making Loan Payment Entries

VI        Bank Reconciliation 

1. Important Points on the Bank Reconciliation

2. Process Bank Statement Charges & Adjustments 

3. Performing the Bank Reconciliation

4. Special Points on the Reconciliation Summary

VII      Recording Some Unusual Transactions

1. The sale of a non capital asset

2. Inventorying Harvested Wheat

3. Sale of Grain not set up in Wingold

4. Making a Deposit into your NISA account

5. Entering the Government’s NISA contribution

6. Record a Patronage Dividend

7. Record a Cash Deposit on Fertilizer

8. Record the Invoice that includes the Prepayment

VIII     Loan Calculator

IX        Budgeting

X         Cash Flow

XI        Tax Forecaster

XII      Year End

1. Preparing for the Year End

2. Running the Year End