Module 1: Overview

This overview chapter introduces you to the Purchasing module of the Microsoft Solomon product and training course, and the windows and processes that are used to complete the accounting cycle in Purchasing. 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 Purchasing 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 Purchase Orders
• Processing Orders ( Step by Step

Module 3: Creating Purchase Orders

This chapter examines the process of entering purchase orders. We discuss the types of purchase orders available and the steps for processing each of the different types. You also print purchase orders in this chapter.

Lessons

• Procedures for Creating Regular Orders
• Procedures for Creating Drop-Ship Orders
• Procedures for Creating Blanket Orders
• Procedures for Creating Standard Orders
• Purchase Order Window
• Reports

Module 4: Inventory and Receipts

This chapter discusses the concepts of entering receipts against purchase orders and returning goods to vendors. We discuss the updates made to the modules that integrate with Purchasing when receipts are entered and the process for creating automatic vouchers and adjustments for Accounts Payable.

Lessons

• Procedures for entering regular receipts
• Procedures for entering returns
• Reporting

Module 5: Module Integration

In this chapter, we examine the interaction between the Purchasing module and the modules updated by purchasing transactions. You view the vouchers created by the receipt process in accounts payable, and the transactions in general ledger. You review the reports used to cross reference the accounts payable information back to purchasing and how to view receipts that have not been vouchered. We also discuss purchase price variances.

Lessons

• General Ledger
• Accounts Payable
• Purchase Price Variance
• Reports

Lab : Lab:

• Enter a receipt for a Purchase Order in the Accounts Payable Voucher and Adjustment window

Module 6: Purchase Order Inquiry and Reports

This chapter examines the inquiry windows and reports that are provided to assist in making purchasing decisions and to track purchasing data. We discuss the process for replenishing inventory based on purchasing report information and how to view inventory quantity and cost information by vendor.

Lessons

• Printing Purchase Orders
• Reordering
• Purchase Order Information

Module 7: Landed Cost Setup

The objective of this chapter is to examine the windows used to set up the Landed Cost function. We discuss the integration of the landed cost module to the other Solomon modules and how landed costs are allocated to inventory items.

Lessons

• Module Integration Diagram
• Module Implementation Worksheet
• Landed Cost Categories
• IN Setup
• Reason Codes
• Landed Cost Codes
• Vendor Maintenance

Module 8: Processing Landed Costs

This chapter discusses the points of entry for landed cost transactions. Lean to enter Landed Costs in Receipt Entry or Voucher and Adjustment Entry. We discuss how to process transactions in each of these scenarios.

Lessons

• Landed Cost Process Flow
• Receipt/Invoice Entry
• Landed Cost Receipt Entry
• Process PO Landed Cost Batches
• Voucher and Adjustment Entry
• Landed Cost Allocation Entry
• Process AP Landed Cost Batches

Lab : Lab:

• Enter and allocate a landed cost for sales tax

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 Purchase Order and Accounts Payable modules or all modules for the period. We also discuss the detail retention and deletion options.

Lessons

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

Module 10: Appendix: Purchasing Setup

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

Lessons

• Purchasing Policies
• Purchasing Setup Checklist
• Module Implementation Worksheet
• PO Setup

Module 11: Appendix: Sales Tax Maintenance

This chapter discusses the options for tracking Sales Tax. Learn to define taxes and enter updated tax rates. Set default tax IDs for customers/vendors and use taxes in data entry. This chapter is optional and can be skipped at the instructor's discretion. If the instructor thinks each student's background provides sufficient experience in these topic areas, then the instructor reserves the right to skip this chapter.

Lessons

• Sales Tax Procedures
• Tax Maintenance
• Tax Categories
• Tax Groups
• Assigning Taxes to Customers
• Using Taxes in Data Entry
• Tax Reporting

Module 12: Appendix: Terms Maintenance

Define payment terms for vendors/customers. Learn to set up terms with discount options. Multiple installments can be defined using standard frequencies or user defined payment dates and amounts. This chapter is optional and can be skipped at the instructor's discretion. If the instructor thinks each student's background provides sufficient experience in these topic areas, then the instructor reserves the right to skip this chapter.

Lessons

• Shared Information Terms Maintenance
• Multiple Installments
• Using Multiple Installment Terms