Module 1: Financial Management Setup

This module explain the fields on the General Ledger Setup window. It also explains how set up Accounting Periods, and how to set up Trail Codes, Source Codes, and Reason Codes

Lessons

• General Ledger Setup
• Accounting Periods
• Trail Codes

Lab: Create a Fiscal Year

After completing this module, students will be able to:

Module 2: General Ledger

This module explain the use of the Chart of Accounts and the elements of the Chart of Accounts and the G/L Account Card.

Lessons

• Chart of Accounts Overview
• G/L Account Card
• Chart of Accounts Page
• Budget
• Create Budgets Manually
• Copy Budgets
• Export and Import Budgets

Lab: Create a Revenue Account

Lab: Create a VAT Account

Lab: Create a Budget

Lab: Copy a Budget

After completing this module, students will be able to:

Module 3: General Journals

This module explain the General Journal entry and posting system. It describes how to create and post General Journal entries.

Lessons

• Journal Overview
• Creating and Posting Journal Entries
• Recurring Journals Overview
• Processing Recurring Journals
• Reversals and Corrections

Lab: Create a Journal Entry

Lab: Create and Post a Recurring Journal

After completing this module, students will be able to:

Module 4: Cash Management

This module describe the Bank Account Card. It demonstrate the process for entering and posting payments received from customers and the process for entering and posting payments to vendors.

Lessons

• Bank Account Overview
• Entering and Posting Receivables Payments
• Entering and Posting Payables Checks
• Financially Voiding Checks
• Bank Reconciliation

Lab: Create a Bank Account

Lab: Apply and Post Cash Receipts

Lab: Enter and Post Manual Checks

Lab: Suggest Vendor Payments for a Single Vendor

Lab: Financially Void a Check

After completing this module, students will be able to:

Module 5: Receivables Management

This module describes the Payments FastTab on the Customer Card.

Lessons

• Customer Card
• Cash Receipt Journals Overview
• Applying Cash Receipt Payments
• Unapply Customer Ledger Entries
• Reversal of Posted Journals
• Set Up Payment Discounts
• Process Payment Discounts
• Set Up Payment Tolerance
• Process Payment Tolerance
• Reminders and Finance Charge Memos
• Set Up and Assign Reminder Terms
• Create and Issue Reminders
• Set Up and Assign Finance Charge Terms
• Create and Issue Finance Charge Memos
• Analyzing Receivables

Lab: Apply and post a Cash Receipt

Lab: Applying a Payment after posting

Lab: Unapply Posted Ledger Entries

Lab: Reverse a Posted Journal Entry

Lab: Post a Payment with a Discount

Lab: Apply Posted Partial Payments with Discounts

Lab: Set Up a Payment Tolerance

Lab: Process a Payment Tolerance

Lab: Set Up a Reminder Term

Lab: Create and Issue Reminders

Lab: Create and Issue Finance Charge Memos

After completing this module, students will be able to:

Module 6: Payables Management

This module describe the Payments FastTab on the Vendor Card window. It explain the Payment Journal, which is used to process payments. It also explain the Apply Vendor Entries window, used to apply payments to vendor ledger entries.

Lessons

• Vendor Card
• Payment Journal Overview
• Apply Vendor Entries Window
• Post Manual Payables Checks
• Suggest Vendor Payments Overview
• Create Payments Using Suggest Vendor Payments
• Print and Post Payables Checks
• Void Unposted Checks
• Apply Payments after Posting
• Unapply Vendor Ledger Entries
• Reversal of Journal Postings
• Set up Payment Discounts
• Process Payment Discounts
• Set Up Payment Tolerance
• Process Payment Tolerance
• Analyze Payables

Lab: Enter a Manual Check

Lab: Suggest, Print, and Post a Vendor Payment

Lab: Void a Check

Lab: Apply a Credit Memo after Posting

Lab: Unapply a Payment

Lab: Reverse a Posted Journal Entry

Lab: Adjust the Payment Discount Amount

After completing this module, students will be able to:

Module 7: Prepayments

This module explain the requirements for setting up prepayments and how to set up and assign prepayment General Ledger accounts, for sales and purchases, and how to set up default prepayment percentages on customers and vendors and Customer-Item and Vendor-Item combinations.

Lessons

• Prepayments Setup Overview
• Set Up Prepayment General Ledger Accounts
• Set Up Number Series for Prepayment Documents
• Set Up Prepayment Percentages for Customers and Vendors
• Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations
• Set Up Check Prepayment When Posting
• Prepayments Processing Flows
• Prepayment Sales and Purchase Orders Overview
• Process Prepayment Sales and Purchase Orders
• Process Prepayment Sales and Purchase Invoices
• Correct Prepayments

Lab: Set Up Prepayments for Sales

After completing this module, students will be able to:

Module 8: VAT and Intrastat

This module explain the VAT settings on sales and purchase documents. It also explain the process of adjusting calculated VAT amounts in sales and purchase documents and journals.

Lessons

• Display VAT Amounts in Sales and Purchase Documents
• Adjust VAT Amounts in Sales and Purchase Documents and Journals
• Import VAT
• VAT Correction
• VAT Statements
• VAT Settlement
• Intrastat Reporting
• Set Up Intrastat
• Report Intrastat

Lab: Adjust a VAT Amount in a Sales Document

Lab: Adjust a VAT Amount in a Purchase Journal

After completing this module, students will be able to:

Module 9: Multicurrency

This module explain the setup requirements for currencies and exchange rates when using multiple currencies.

Lessons

• Currency Card and Currency Exchange Rates
• Set Up Multicurrency for Customers, Vendors, and Bank Accounts
• Process Sales and Purchase Documents
• Process Cash Receipts
• Process Payments
• Use the Adjust Exchange Rates Batch Job
• Additional Reporting Currency
• Consolidations with Multiple Currencies

Lab: Process a Sales Invoice

Lab: Post Expenses in Foreign Currency

Lab: Update the USD:GBP Exchange Rate

Lab: Adjust the ACY Exchange Rate

After completing this module, students will be able to:

Module 10: Year End Closing Processes

This module explains how to close the accounting periods for the fiscal year, run the Close Income Statement batch job process and complete the closing process by posting the General Journal.

Lessons

• Closing a Fiscal Year
• Transferring Income Statement Account Balances
• Posting the Journal

Lab: Post an Entry into a Closed Fiscal Year

After completing this module, students will be able to: