Project Management and Accounting in Microsoft Dynamics SL 7.0

Code: 8832
Course duration: 5 days

8832: Project Management & Accounting in Microsoft Dynamics SL 7.0 (5 Days)

About this Course

The five day Project Management and Accounting in Microsoft Dynamics SL 7.0 course explores project management from an accounting perspective. This course will show you how to configure and utilize the four core Microsoft Dynamics SL Project modules which includes Controller, Allocator, Time and Expense for Projects, and Flexible Billings.By attending this class you will gain a thorough understanding of Microsoft Dynamics SL Project Management and Accounting. You will be presented with an overview of the business issues and key implementation strategies encountered with these modules and how they integrate with other Microsoft Dynamics SL modules. A key component of the course includes a hands-on exercise that allows implementation practice.

Audience Profile

People who would like to learn features and procedures required to effectively use and implement Microsoft Dynamics SL Project Controller, Allocator, Time and Expense for Projects and Flexible Billings. This course is recommended for anyone who plans to implement, use, maintain, consult, or support these Microsoft Dynamics SL Project modules. The class is targeted toward anyone who need to understand the technical aspects of these modules and gain foundational knowledge of the application functionality.

At Course Completion

After completing this course, students will be able to:

  • Understand terminology in the project management environment.
  • Explain how maintenance, data entry, and process screens work for each of the modules covered.
  • Define projects, tasks, and account categories.
  • Identify the navigation used to access the windows for transactions, reports, utilities, routines, and inquiries in Project Series.
  • Identify the primary pitfalls or challenges in implementing the modules.

Course Outline

Module 1: Controller

The Project Controller section is designed to give you a comprehensive, practical understanding of the main aspects of setting up and using the Project Controller module. In addition the chapter presents a holistic view of the Project suite.

Lessons

  • Project Series Features and Benefits
  • Project Controller Overview and Roadmap
  • Project Controller Implementation plan
  • Account categories and task definitions
  • Chart of Account and Flexible Key Maintenance
  • Code Types and Code Files
  • Contract Types and calculation methods
  • Project Maintenance
  • Maintaining Budgets
  • Beginning balances
  • Revenue Recognition
  • Equipment and Resource Maintenance
  • Integration with other Microsoft Dynamics SL modules
  • Financial Transaction Transfer
  • Period-end procedures

Lab : Definitions

  • Account Categories/Project and Tasks definition
  • Setup Account Categories
  • Associate Account Categories with General Ledger Accounts
  • Set up Project and Task structure
  • Category report and GL transfer report

Lab : Project Controller Setup

  • Controller Setup
  • Code Type and Code File Maintenance
  • Complete ID Maintenance
  • Flexible Key Maintenance

Lab : Maintenance Screens

  • Maintenance screens
  • Employee Information
  • Enter project and budget information
  • Generate a project profile report

Lab : Transactions and Processes

  • Controller Setup
  • Code Type and Code File Maintenance
  • Complete ID Maintenance
  • Flexible Key Maintenance

Lab : Advanced options

  • Enter passwords
  • Financial Transaction Transfer (FTT)
  • Enter Project related vouchers
  • Project Inquiries
  • Close Project Controller for the period

After completing this section, students will be able to:

  • Define projects, tasks, and account categories.
  • Understand how Project Series transactions are created and recorded.
  • Analyze project profitability.
  • Set up the Project Controller module.
  • Set up and assign employees to projects.
  • Enter and revise project transactions.
  • Configure advanced options for equipment and resources.
  • Perform Financial Transaction Transfer.
  • Close Project Controller for the period.

    Module 2: Time and Expense for Projects

    The Time and Expense for Projects training course is designed to give you a comprehensive, practical understanding of the main aspects of setting up and using the Time and Expense for Projects module.

    Lessons

    • Transaction process flow
    • Module strengths
    • Audit trails
    • Labor Pay types and costing methods
    • Time and Expense Setup
    • Time policies
    • Overtime setup
    • Maintaining employees
    • Employee/Position rate maintenance
    • Workers' Compensation and Union rates
    • Timecard transactions and corrections
    • Travel and expense setup
    • Mobile Time and Expense setup
    • Troubleshooting

    Lab : Definition

    • Design and set up the employee State ID and Labor Classification
    • ID Maintenance
    • Week Maintenance

    Lab : Time and Expense Setup

    • Setup the Time and Expense module

    Lab : Employee and Resource Maintenance

    • Enter employee information
    • Enter employee position/rate maintenance
    • Generate the employee report

    Lab : Timecard transactions

    • Enter a timecard
    • Inquire on a timecard status
    • Approve timecards
    • GL Labor Posting

    Lab : Timecard corrections

    • Enter employee position/rate changes
    • Enter and approve timecard corrections
    • Generate the timecard report

    Lab : Travel and expense transactions

    • Complete Time and Expense setup
    • Expense type maintenance
    • Vendor maintenance
    • Enter a travel and expense report

    After completing this section, students will be able to:

    • Define and implement employee labor costing methods
    • Describe how labor and expense transactions flow to other modules
    • Configure and set up Time and Expense for Projects
    • Perform an assignment inquiry
    • Enter, review, and approve a timecard
    • Enter travel and expense transactions
    • Print timecard reports and the employee utilization report

    Module 3: Allocator

    The Project Allocator training course is designed to give you a comprehensive, practical understanding of the main aspects of setting up and using the Project Allocator module.

    Lessons

    • Allocator overview and process flow
    • Audit trails
    • Capabilities of Allocator
    • Allocation process
    • Indirect rate calculator
    • Standard Rate Entry
    • Troubleshooting

    Lab : Allocator Setup

    • Define rate types and rate keys
    • Define the rate table hierarchy
    • Configure the rates and allocation method

    Lab : Allocation processor

    • Run the allocation processor

    Lab : Printing reports

    • Generate Allocation Reports
    • Create an Equipment ID

    After completing this section, students will be able to:

    • Set up the Project Allocator module
    • Configure an allocation rate table definition and multi-level rate entry
    • Complete allocation method setup
    • Print reports and run inquiries

    Module 4: Flexible Billings

    The Flexible Billings training course is designed to give you a comprehensive, practical understanding of the main aspects of setting up and using the Flexible Billings module.

    Lessons

    • Flexible Billings overview and process flow
    • Module strengths
    • Implementation worksheet
    • Billing Policies
    • Billing rules and invoice formats
    • Costing methods
    • Billing information maintenance
    • Billing transaction load
    • Sales tax processing
    • Automatic invoice creation
    • Construction billings
    • Troubleshooting

    Lab : Flexible Billings Setup

    • Setup the flexible billings module
    • Billing rule maintenance
    • Invoice Format maintenance

    Lab : Billing Information maintenance

    • Defining projects as billable

    Lab : Billing transactions and processes

    • Load Billing records
    • Adjust invoice amounts
    • Review and print the invoice
    • Post the invoice

    After completing this section, students will be able to:

    • Setup and configure the flexible billings module
    • Create a billing invoice
    • Define a project as billable
    • Make adjustments to invoices
    • Enter percent completion
    • Perform scheduled billings and revenue release
    • Enter a construction billing invoice
    • Print a billing report and perform inquiries

    Module 5: Appendix: Data Locations

    This Appendix provides information about the tables in Project Controller and basic information about how they are used in Microsoft Dynamics SL.

    Lessons

    • Data References
    • Troubleshooting

    After completing this section, students will be able to:

    • have an understanding of the tables used in Project Controller and how they are used by Microsoft Dynamics SL.
    • Understand how to troubleshoot a “Process Already in Progress” Error in Control Parameter Maintenance (PA.CNT.00)

    Module 6: Appendix: Project Controller Case Study

    This case study is a comprehensive lab that can be used to reinforce the learning that has occurred throughout the Project Series class. The Case Study is generally completed by students on their own after class.

    Lessons

    • Creating new Account Categories
    • Associating GL Accounts and Account Categories
    • Setting up a new Line of Business
    • Creating a new Project

    After completing this section, students will be able to:

    • Comprehensively understand the Project Series modules described in this courseware.
    • Have more confidence in their ability to use Project Series in their company.

    Module 7: Appendix: Time and Expense for Projects Case Study

    This case study guides you through typical functions related to the Time and Expense for Projects module. The Case Study is generally completed by students on their own after class.

    Lessons

    • Set up new Labor Class
    • Create New Employee
    • Enter Timecards
    • Create Timecard Correction
    • Complete Expense Type Maintenance
    • Complete Vendor Maintenance
    • Enter Travel and Expense Report
    • Complete GL Labor posting process

    After completing this section, students will be able to:

    • Comprehensively understand the Time and Expense modules described in this courseware.
    • Have more confidence in their ability to use Time and Expense module in their company.

    Before attending this course, students must have:

    • General knowledge of Microsoft Windows
    • Working knowledge of the Microsoft Dynamics SL Financial modules
    • Basic knowledge of accounting principles

    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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