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Training Course Outline

IT Vendor Courses   Microsoft Dynamics Training Courses

M8509: Microsoft Dynamics GP 9.0 Payables Management I

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Course Duration: 1 day

Course Code: M8509

Course Description:

The one-day Microsoft Dynamics GP Payables Management course delves into the accounting cycle and the processes required to enter vendor invoices and process checks. This course also shows you how to perform additional functions such as adjustments, prepayments, month-end closing, and cash flow control.

 

A thorough understanding of these topics allows you to capitalize on vendor discount dates to reduce payable liabilities and easily select "the right" vouchers for payment by date, vendor, number, or custom query to control your cash outlay. You will learn to use comprehensive reporting features to present data in different ways, including many standard reports such as Aged Accounts Payables, Vendor Trial Balance, and Vendor Check Register. This course also teaches you how to define default values that automatically populate data fields and gather the information you need to make better business decisions by exploring powerful inquiry and lookup functions.

 

Customers wanting to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Microsoft Dynamics GP Payables Management.

 

The class is targeted toward data entry clerks, administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Payables Management and gain foundational knowledge of the application functionality.

Prerequisites:

Before attending this course, students must have:

- General knowledge of Microsoft Windows
- knowledge of accounting principles

Relevant Certifications:

Microsoft Certified Business Management Solutions Specialist: For Dynamics GP

Microsoft Certified Business Management Solutions Professional: For Dynamics GP

This course includes the following modules:

Payables Management Overview

• This chapter gives students a general overview of the features and benefits of using the Payables Management module in an integrated environment. It also focuses on how this module integrates with other modules in the Microsoft Dynamics GP application.

Setup Procedures

• This chapter focuses on the setup procedures for the Payables Management module. We examine in detail the options available to customize this module to reflect the way your organization does business. Time is spent discussing the benefits of using vendor classes to organize and ease data entry. You set up vendors so that you can track the information that is crucial in your company. The last step is to enter Beginning Balances for each vendor in preparation for using the Payables Management module. Once your Payables Management setup has been defined, there are many reports available to document the selected preferences.

Daily Procedures

• This chapter defines the ways transactions are entered and posted in Payables Management. You explore the difference between transaction level and batch level posting, and the methods for posting batches. This chapter demonstrates the many types of transactions that can be entered in Payables Management. Entering Scheduled Payments and performing "What If" analysis is covered in this section. In addition to these topics the chapter covers creating and printing single computer checks as well as processing batches of computer checks.

Intercompany Transactions

• This chapter shows you how to record transactions in one company that creates transactions in another company's Payables Management. You examine the terms specific to Intercompany Processing and demonstrate the accounts that must be created to allow these types of transactions to be entered and posted.

Maintaining Records

• This chapter examines the functionality available to maintain your Payables Management records. There is also a section that focuses on placing and removing holds from vendors and transactions. The process to void open and historical transactions is covered in detail in this section. Time is spent discussing the procedure for changing and deleting records. We look at how to remove historical information from Microsoft Dynamics GP and the effects of removing this history. Retrieving information is also a focus of this chapter. Time is also spent discussing the inquiry windows and reports that can be generated from the Payables Management module.

 

To make an enquiry for this course to be run ONSITE at your location, click here or call Sales on +44 (0) 20 7620 0033.

Perpetual Solutions are a global provider of onsite training solutions throughout London, UK and the rest of the world. For scheduled training our UK partner network provides an unrivalled choice of courses.

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