How to Use Simply Accounting 2007
Sage Software designed Simply Accounting 2007 to be an easy-to-use accounting application for business owners or managers with little or no accounting experience. The application allows business owners to track customers, sales, purchases and suppliers. Simply Accounting 2007 also provides owners or managers with a way to create useful budgets and reports that help to reduce unnecessary costs or taxes. For entrepreneurs or small business owners with basic computer skills, setting up the application and entering transactions is something that can be mastered within a few hours.
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Instructions
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Install
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Install Simply Accounting 2007 by inserting the installation CD into the CD/DVD drive of your computer and then following the on-screen prompts.
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Enter the license code when prompted to do so. The code is located on the back of the CD jewel case or protective sleeve. Click the "Next" button.
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3
Click the "Full Installation" option on the next screen and then click "Next." Click "Typical" and "Next" on the next screen. Wait while the setup wizard installs Simply Accounting 2007 on your PC. Restart your computer, if prompted to do so by the installation wizard.
Create New Company
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Click the Sage Simply Accounting icon on the Windows desktop to launch the program. Once the welcome screen appears, click "Create a New Company."
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Wait for the "Company Information" window to appear. Enter name and address information for your business in the appropriate fields, then click "Next."
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Click "Browse" on the "Save Company Data" screen. Select the folder on your computer where you want to save Simply Accounting 2007 company and transaction data, then click the "OK" button.
Configure and Use the Program
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Click "Company" in the main menu panel located on the left side of the screen. Click "Settings" after the "Company Dashboard" window appears.
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Click the "Sales Taxes" button. Enter state sales tax rates in the applicable fields, if you are required to collect the tax in your area.
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Click the "Payroll" link. Enter the names, address and pay rates of your employees.
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Click "Customers and Sales > Customers" on the tool bar. If you have customers that owe money to your business, enter name and address information for clients and the amount owed in the "Balance Due" field. Click the "OK" button after you finish entering clients or customers into the program.
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Click the "Vendors and Purchases" option on the tool bar. Enter company information for vendors and suppliers that provide your business with inventory or supplies. Enter balances owed to a vendors or supplier in the "Balance Due" field. Click the "OK" button.
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Click "Inventory and Services > Inventory." Enter product ID and description data for the products and services your business sells. For inventory items, enter the quantity you have on hand. Finally, enter the selling price for the product or service and click the "OK" button.
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Click "Customers and Sales > Sales." Select a customer from the "Customer" drop-down list or click the "Add" button to enter a new one. Click the "Item" drop-down list and select a product or service to sell to the customer. Enter the quantity or unit information. Click the "Print" button on the tool bar to print an invoice for the customer.
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