1 Day Course
Introduction
Before attending this course, students must have: general knowledge of
Microsoft Windows, completed the Microsoft Dynamics GP Tutorial, basic knowledge
of accounting principles
Prerequisites
Before attending this course,
students must have:
- General knowledge of Microsoft Windows
- Completed the Microsoft Dynamics GP Tutorial
- Basic knowledge of accounting principles
Course Outline
Module 1: Overview & Setup Procedures
This chapter gives students a
general overview of the features and benefits of using the Receivables
Management module in an integrated environment. In addition it discusses setup
procedures for the Receivables Management module. You examine in detail the
options available to customize this module to reflect the way your organization
does business It also focuses on the integration of this module with other
modules in the Microsoft Dynamics GP application.
Lessons
- Receivables Management Features and Benefits
- Receivables Management Overview
- Receivables Management Setup Checklist
- Company and Posting Setup Procedures
- Receivables Management Setup and Options
- Sales Territory Maintenance
- Salesperson Maintenance
- Customer Class Setup
- Customer Maintenance
- Customer Account Maintenance
- Customer Maintenance Options
- National Accounts Maintenance
- Refund Checks Setup
- Receivables Management Setup Reports
- Beginning Balances
- Customer Summary
Lab : Modify Existing Receivables Management Setup Selections
Lab : Add a New Sales Territory
Lab : Add a New Salesperson Record
Lab : Modify an Existing Customer Class
Lab : Add a New Customer Record
Lab : Add a New National Account
Lab : Set up Refund Checks
After completing this chapter,
students will be able to:
- Identify the features and benefits available when using Receivables
Management
- Discuss integration that takes place between Receivables Management
and other modules within the Microsoft Dynamics GP system
- Identify the navigation used to access the windows for transactions,
reports, utilities, routines, and inquiries in Receivables Management
- Customize settings for the Receivables Management module
- Set up Sales Territories and Salesperson information
- Create Customer Classes and assign customers appropriately
- Create Customer Records
- Set up Refund Checks
- Enter beginning balances for each customer
Module 2: Daily Procedures
This chapter defines the ways
transactions can be entered and posted in Receivables Management. You explore
the difference between transaction level and batch level posting, and the
methods for posting batches. This chapter demonstrates the many types of
transactions that can be entered in Receivables Management. Entering customer
payments, printing refund checks and Scheduled Payments is covered in this
chapter.
Lessons
- Transaction Entry Overview
- Posting Overview
- Receivables Batch Entry
- Receivables Transaction Entry
- Applying Documents
- Post Transactions
- Scheduled Payments Checklist
- Scheduled Payments Entry
- Entering Cash Receipts
- Apply Posted Transactions
- Entering Refund Checks
- Batch Recovery
After completing this chapter,
students will be able to:
- Enter and post transactions using the transaction level or batch
posting method
- Enter the different types of transactions in Receivables Management
- Enter and post customer payments
- Enter transactions involving national accounts
- Apply Receivables documents
- Recover batches due to posting interruption
Module 3: Maintaining Records
This chapter examines the
functionality available to maintain your Receivables Management records. This
chapter focuses on placing and removing customers holds. The process to edit or
void posted transactions as well as handle NSF charges is covered in detail.
Time is spent discussing the procedure for changing and deleting records,
removing historical information and the effects of removing this history.
Retrieving information is also a focus of this chapter. Time is also spent
discussing the inquiry windows and reports that can be generated from the
Receivables Management module.
Lessons
- Handling NSF checks, Voiding, and Waiving Posted Transactions
- Change and Delete Records
- Edit posted transactions
- Remove History
- Reconcile
- Retrieve Information
- Creating Report Options
- Creating and Printing Report Groups
After completing this chapter,
students will be able to:
- Place and remove customer holds
- Handle NSF checks
- Waive finance charge
- Void open and historical transactions
- Edit posted transactions
- Change and delete customer records
- Remove historical Receivables information
- Inquire and report on customer information
Module 4: Period-End Procedures
This chapter examines the
processes that are completed at the end of the month, period, calendar and
fiscal year. This chapter focuses on the errors that may cause Receivables
Management to be out of balance with the General Ledger.
You examine the reports that
should be printed prior to performing the closing process. Time is spent
examining what actually takes place during the closing process and the two
types of closings: calendar year and fiscal year.
Lessons
- Period-end Checklist
- Aging Process
- Assess Finance Charges
- Print and/or Reprint Customer Statements
- Transfer Sales Commission
- Write Off Documents
- Paid Sales Transaction Removal
- Reconcile Receivables Management to General Ledger
- Closing the Fiscal Period
- Calendar Year-end Closing
- Fiscal Year-end Closing
- Tax Year-end Close
After completing this chapter,
students will be able to:
- Complete the processes that are performed at the end of an
accounting period
- Complete the processes that performed at the end of a calendar or
fiscal year
- Perform the Year-end closing process
Module 5: Appendix: Job Aids
This appendix Includes documents
like navigation roadmaps, checklists, and reference to reports available in
Receivables Management.
Lessons
- Road Map
- Checklists
- Reports
After completing this chapter,
students will be able to:
- Enter and post transactions using the transaction level or batch
posting method
- Enter the different types of transactions in Receivables Management
- Enter and post customer payments
- Enter transactions involving national accounts
- Apply Receivables documents
- Recover batches due to posting interruption
Module 6: Appendix: Case Study
This appendix includes a case
study of receivables management. The case study allows you to practice what you
have learned in a comprehensive exercise. The case study is organized such that
each task builds on the previous task.
Based on country-specific needs,
this chapter is optional for classroom presentation.
Lessons
- Setup
- Daily Procedures
- Reports
- Period End Procedures
