Receivables Management I in Microsoft Dynamics GP 10.0

Code: 8823
Course duration: 1 days

8823: Receivables Management I in Microsoft Dynamics GP 10.0 (1 Day)

About this Course

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

Guaranteed to Run

2018-03-20 09:00 to 2018-03-23 17:00
Palm Beach County Florida (Instructor-Led)
2018-03-19 09:00 to 2018-03-23 17:00
Secaucus, New Jersey (Virtual Instructor-Led)
2018-03-01 09:00 to 2018-03-02 17:00
Palm Beach County Florida (Instructor-Led)

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