Module 1: Overview

This overview chapter introduces the General Ledger module of the Microsoft Dynamics SL product and training course, and the windows and processes that are used to complete the accounting cycle in the General Ledger.

Lessons

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

After completing this chapter, students will be able to:

Module 2: Active Overview

This chapter examines the core processes used in the General Ledger module. The chapter introduces each step in the accounting cycle, briefly discusses its purpose, and primary features, and focuses on its function in the accounting cycle. It is not intended to provide a detailed primer on each of these topics.

Lessons

• Transaction Flowchart
• Journal Transaction Entry
• Post Transactions
• Viewing Results

After completing this chapter, students will be able to:

Module 3: Maintaining Accounts and Subaccounts

This chapter examines the setup of accounts and subaccounts. The chapter describes the information required for accounts, discusses the FlexKey feature for subaccounts, and defines accounts and subaccounts in the system. The FlexKey feature has different levels of validation and these are discussed in detail.

Lessons

• Procedures for Maintaining Accounts and Subaccounts
• Chart of Accounts Maintenance Window
• Account Class Maintenance Window
• Subaccount Maintenance
• FlexKey Table Maintenance

Lab: Create New Account

• Create a New Account in the Chart of Accounts

Lab: Create New SubAccount

• Define a new subaccount using subaccount segments

After completing this chapter, students will be able to:

Module 4: Journal Transaction Features

This chapter discusses the concept of batch entry and the fields and features of the Journal Transaction window. The chapter examines the types of batches that can be entered in the Journal Transaction screen and the processes required to update account balances. Students will be shown how to execute reports to verify information entered.

Lessons

• Procedures for Entering Journal Transactions
• Journal Transactions screen
• Deleting a Journal Transaction Batch
• Batch Status and Batch Handling Values
• Journal Transaction Reports

Lab: Journal Transaction Entry

• Enter an example transaction for a depreciation entry

Lab: Journal Transaction Entry

• Enter an example transaction for a third party payroll entry

Lab: Journal Transaction Entry

• Enter an example transaction for a prepaid expense

After completing this chapter, students will be able to:

Module 5: Releasing Batches

This chapter examines the options for releasing batches. The chapter reviews the two methods available for releasing batches; using the data entry window, or the Batch Release Process. The chapter then discusses automatic batch control reports, the option to print them automatically, and how to re-print them.

Lessons

• Batch Release Screen
• Reprinting Batch Control Reports

Lab: Release Batches

• Use the Release Batches screen to release multiple Journal Transaction batches

After completing this chapter, students will be able to:

Module 6: Posting Transactions

This chapter examines the Post Transactions process and its role in the accounting cycle. Processes used thus far and updating account balances is also discussed. The chapter reviews audit trail reports and the role the posting process has in updating these reports.

Lessons

• Procedures for Posting
• GL Transactions Unposted Report
• Post Transactions Window
• Audit Trail Reports

Lab: Post Transactions

• Use the Post Transactions process to update account balances

After completing this chapter, students will be able to:

Module 7: Account Inquiry

The objective of this chapter is to examine the series of windows available for viewing account balances and drilling down to the transaction details. The Inquiry windows allow the viewing of account balances and comparing them to budgets without having to print financial statements or reports. It also reviews balances and drilling down to the details of the transactions.

Lessons

• Account Summary Inquiry Windows
• Account History Window

Lab: View General Ledger Account Details

• Use the Account Summary Inquiry process to view account balances

Lab: View Details from a Submodule

• Drill down to details for a transaction originating in Accounts Payable

After completing this chapter, students will be able to:

Module 8: Manual and Recurring Batches

This chapter discusses the use of manual and recurring batch types to make repetitive journal entries efficient. It also explores the difference between the two types of batches and the particular situations in which each should be used.

Lessons

• Recurring Batches
• Generate Recurring Transactions
• Manual Batches

Lab: Recurring Batch

• Enter a Recurring batch and generate transactions

Lab: Manual Batch

• Create a Manual batch and use it to generate additional transactions

After completing this chapter, students will be able to:

Module 9: Ledger Maintenance

This chapter explains how to use ledgers to track multiple budgets and statistics for accounts, enter transactions for the statistical ledgers, demonstrates how to use them in calculations in financial reports, and describes printing standard reports for particular ledgers.

Lessons

• Procedures for Creating and Maintaining Ledgers
• Ledger Maintenance Window
• Ledgers Report

Lab: Ledger Maintenance

• Create a new Ledger for tracking statistics

Lab: Ledger Transactions

• Enter journal transactions using a statistical ledger

After completing this chapter, students will be able to:

Module 10: Budgets

This chapter explains how to create simple budgets for reporting purposes and use the extended budgeting feature to create custom distribution types: 1) for seasonal work or 2) based on prior year actual or budget amounts.

Lessons

• Procedures for Maintaining Basic Budgets
• Budget Maintenance Window
• Procedures for Maintaining Extended Budgets
• Budget Distribution Types
• Budget Version Maintenance
• Extended Budget Maintenance
• Budget Distribution

Lab: Budget Maintenance

• Create a simple budget in the Budget Maintenance window

Lab: Extended Budget

• Use the custom distribution types to create budgets for multiple accounts

After completing this chapter, students will be able to:

Module 11: Allocation Journal Transactions

The objective of this chapter is to introduce the various ways that account balances can be allocated. Studentsl complete examples and exercises using percentage allocation methods as well as allocations based on other balances, budgets, or statistics stored in ledgers.

Lessons

• Procedures for Account Allocations
• Allocation Methods
• Allocation Group Maintenance
• Generate Allocation Transactions

Lab: Allocation Group

• Create an Allocation Group to redistribute an expense

Lab: Allocation with Budgets

• Create an Allocation Group using a Budget Ledger

Lab: Allocation Based on Actuals with Contra Accounts

• Create an Allocation Group using Actual balances and posting to contra accounts

After completing this chapter, students will be able to:

Module 12: Month End Procedures and Closing

This chapter describes how 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 General Ledger or all modules for the period. The chapter also examines the detail retention and deletion options.

Lessons

• Balance the General Ledger
• Correct an Out of Balance Condition
• Close for the Month or Year
• Delete General Ledger Detail
• Perform General Ledger Integrity Check

After completing this chapter, students will be able to:

Module 13: General Ledger Consolidation

This chapter discusses the consolidation process. Students explore taking information from different databases with similar and differing periods, calendar years, chart of account structures, and creating a consolidated set of data for reporting purposes.

Lessons

• Procedures for Performing Consolidations
• Assign Consolidation Accounts
• Generate Consolidation File
• Read Consolidation File

After completing this chapter, students will be able to:

Module 14: Appendix: General Ledger Setup

Understand the defaults and user options defined in the General Ledger Setup window. Even though these options are typically not changed after the product is implemented, students review default values and processes through the settings in this screen.

Lessons

• General Ledger Setup Checklist
• General Ledger Implementation Worksheet
• Account/Subaccount Validation
• General Ledger Setup Screen

After completing this chapter, students will be able to:

Module 15: Appendix: Case Study

This appendix includes a case study of General Ledger. The case study allows students to practice what has been leaned learned in a comprehensive exercise. The case study is organized such that each task builds on the previous task.

Lessons

• General Ledger Setup Checklist
• General Ledger Implementation Worksheet
• Account/Subaccount Validation
• General Ledger Setup Screen

After completing this chapter, students will be able to: