Computerized Accounting with Sage 50 Level 1
Chris’s Welding
INTRODUCTION
This project will test your understanding of the Sage 50 Accounting application and your ability to
apply the features of this application. You will be using many of the skills that you have acquired
throughout the course to set up the accounts for a small business and record typical transactions.
OBJECTIVES
The objectives of this project are to:
• Set up the General, Payable, and Receivable ledgers for a small company
• Record transactions
• Print reports
TIME REQUIRED
You will require 5 hours to complete this project.
MATERIALS REQUIRED
To complete this project, you will require:
• Windows 10
• Sage 50 Accounting 2021
MARKING
The project will be marked out of 100. Individual marks for requirements are shown below.
Marks will be deducted if you ask anyone for help. The instructor will only answer questions
regarding the meaning and interpretation of a step. You may refer to your textbook.
If the project is not completed within the given time frame, 2 marks per additional hour will be
deducted. For each typographical error, a further 0.5 mark deduction will be made.
Journal Entries 60 marks
Comparative Balance Sheet 20 marks
Income Statement 10 marks
Supplier Aged Summary 5 marks
Customer Aged Summary 5 marks