AAT Level 2 Sample Assessment Using Accounting Software SAGE50 #aat #sage50 #subscribe
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30 thoughts on “AAT Level 2 Sample Assessment Using Accounting Software SAGE50”
How do you enter the bank charges in the Trial Balance ?
17:01 task 5
22:07 task 7 _____ 23:18 visual task 7
24:33 task 8 _____ 25:31 task 9
Tasks 6b – Net pay of wages should be posted to nominal code: 2220 (Net wages) as seen in the chart of accounts Sage 50. Nominal code: 7000 is for Gross wages this is an expense account incurred cost to the company.
How can you tell the difference?
@EGRJ anything 5000+ is outgoing
Where is the sound in here?
I LOVE YOU!! im doing the test tomorrow and you just helped me with couple of things i was missing!
How can download just for practice
Hi. When I tried this assessment my bank reconciliation was out by 14.00 even when I entered the bank charges. I noticed your bank account amount before reconciliation was 21378.79 but mine was 21364.79.
Any ideas where I could be going wrong? All my numbers I put in are correct.
Did you do a transaction the wrong way round?
@alessio collyer Nope. I checked everything. I checked if I applied the correct tax code as well. Everything is exactly as in the video.
hi there, may i ask if its okay to delete transactions during the exam (just in case i have encoded something mistakenly) or will there be a deduction on your score everytime you delete a transaction?
I’ve been told its fine to delete them. 🤞 I got the right advice
this is really helpful ,great solution .thank you so much but it will be much better with audio xxx
You are great teacher i passed my exam due to this video.i got confidence now. Thanks for sharing.
I’m still confused with the reports. Have you got a video on the reports and where to upload them?
Hi Sophie, Yes you have to upload when you sit the live assessment. There is no video for it.
@Hamza Ahmed No I haven’t, but I’ve spoken to my tutor and I understand them now. I have my business comms tomorrow though 🙂
@Hamza Ahmed thank you for your comment though
Thank you so much for this
Have saved this video and will practice exactly as she has done it. Its the last one to pass now on L2. Then am done more confident from watching this there were a few things I was doing wrong but know that they are now and am getting tech savvy with this software lols so thanks
Thank you very much for this. Very helpful.
Useless! Where’s the audio?!?!
Revising for my last exam (Sage 50) in level 2 but I’m a little confuse with this question.
Question: “Enter the following Wages summary journal.”
Gross Wages: £13068.52
PAYE – Income Tax: £2612.25
Employees National Insurance: £1437.53
Net Wages: £9018.74
Employers National Insurance: £1672.77
When I Debit the Gross Wages (£13068.52) & Employers National Insurance (£1672.77) and Credit the PAYE (£2612.25), National Insurance (£1437.53) & Net Wages (£9018.74) the journal did not balances.
Believe this is because of the Employer’s National Insurance making it unbalance.
Please if you could kindly explain how I should enter the wages in journal entry.
7000 – Wages DR 14,741.20 (Total Wages Expense)
2210 – PAYE to pay to HMRC CR 2,612.25
2220 – NIC to pay to HMRC CR 3,110.30
2250 – Net Wages CR 9,018.65
To record the wages journal in Sage
Thank you for replying.
You forgotten the Employers National Insurance and don’t believe we are able to change the figures.
I used a suspense account to make the journal balance.
Hello how can i delete record in the opening balance. please
Oh what happen to the sound. I can’t hear non. i can only see movements. Can you please fix the sound. Thanks