Module 1: Overview

This overview chapter introduces you to the Inventory module of the Microsoft Business Solutions Solomon product and training course, and the windows and processes that are used to complete the accounting cycle in Inventory. Also, it is important to note that this chapter is optional and can be skipped at the instructor's discretion if the instructor feels that each student's background provides sufficient experience in these topic areas.

Lessons

• Course Description
• Module Overview
• Process Flow
• Other Features

Module 2: Active Overview

This chapter examines the core processes that are used in the Inventory module. We introduce each step in the accounting cycle, briefly discuss its purpose and primary features, and focus on its function in the accounting cycle. Please note that this chapter is not intended to provide you with a detailed primer on each of these topics. This chapter is optional and can be skipped at the instructor's discretion if the instructor feels that each student's background provides sufficient experience in these topic areas.

Lessons

• Procedures for Processing Inventory Transactions
• Transaction Overview

Module 3: Inventory Maintenance Windows

This chapter explains how to create inventory items and examines the windows that need to be completed prior to creating inventory items. You learn how to create product classes and lines, warehouse bin locations, attributes and cross reference lists and assign defaults to inventory items.

Lessons

• Procedures for Setting up Inventory Items
• Product Classes
• Product Lines
• Warehouse Bin Locations
• Inventory Items
• Inventory Sites
• Attribute Definitions
• Physical Attributes
• Reports

Module 4: Inventory Kits

This chapter discusses the process for creating inventory items to represent a kit and the components of a kit. You seehow inventory kits facilitate inventory production, management and ordering. You learn the basic differences between stock and non stock kits.

Lessons

• Procedures for Creating Kits
• Inventory Kits
• Types of Kits
• Updating Standard Costs
• Reports

Lab : Create an inventory ID for a kit item

Module 5: Entering Beginning Balances

In this chapter, you examine the process for using the Inventory Receipts window to establish beginning balance quantity and value information for inventory items. We also discuss the use of Reason Codes to identify the purpose of particular inventory transactions.

Lessons

• Beginning Balance Checklist
• Reason Codes
• Receipts
• Reports

Module 6: Inventory Transactions

This chapter introduces four main inventory transaction windows. An inventory transaction is processed whenever an inventory item's quantity or cost information changes. You gain an understanding of how Inventory transactions can be used to record issues and returns, to adjust quantities and costs, to move items from site to site, and to produce kit assemblies. You see the process by which Inventory transactions are released to the General Ledger through the Inventory Batch Release Process.

Lessons

• Overview of Transactions
• Types of Transactions (Issues, Transfers, Receipts, Sales)
• Reports

Module 7: On Window Inquiry

This chapter reviews the series of windows available for viewing inventory item balances and easily drilling down to the transaction details. The Inquiry windows allow you to quickly view item information without having to print reports.

Lessons

• Inventory Inquiry

Module 8: Physical Inventory

This chapter examines the methods for performing physical inventory counts. We discuss how to complete a full physical inventory and the various options available for selecting items to include in a cycle count.

Lessons

• Physical Inventory Concepts
• Performing a Physical Inventory
• Physical Inventory Windows
• Physical Inventory Reports

Module 9: Closing

This chapter teaches you to create a closing checklist to ensure all transactions and activities have been completed for the accounting period, produce appropriate audit trail reports, correct an out of balance condition, and close only the Inventory module or all modules for the period. We also discuss the Inventory detail retention and deletion options.

Lessons

• Balance to the General Ledger
• Close for the Month or Year
• Delete Inventory Detail
• Perform IN Integrity Check

Module 10: Appendix: Inventory Setup

Appendix A helps you understand the defaults and user options defined in the Inventory Setup window. Even though these options are typically not changed after the product is implemented, you will gain understanding of default values and processes through the settings in this window.

Lessons

• Inventory Policies
• Inventory Setup Checklist
• Module Implementation Worksheet
• Sites
• Inventory Setup
• Unit Conversions
• Material Types