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Training Course Outline

IT Vendor Courses   Microsoft Dynamics Training Courses

M8510: Microsoft Dynamics GP 9.0 Bank Reconciliation I

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Course Duration: 1 day

Course Code: M8510

Course Description:

The one-day Microsoft Dynamics GP Bank Reconciliation course explores the accounting cycle and the processes required to manage cash receipts, cash disbursements, and other transactions that affect checkbook balances. This course shows you how to perform the reconciliation process, ensuring accuracy of your financial data and its relation to your financial institution.

 

A thorough understanding of these topics allows you to reconcile your checkbooks with your bank statements, keeping information consistent and accurate. You will learn to use comprehensive reporting features to preview data in different ways prior to performing the reconciliation process and as well as the Checkbook Register report which may be printed at any time. 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 Bank Reconciliation.

 

Bank Reconciliation training is recommended for anyone who plans to implement, use, maintain, consult, or support Microsoft Dynamics GP. The class is targeted toward data entry clerks, administrators; office managers, CEOs, and consultants who need to understand the technical aspects of Bank Reconciliation and gain foundational knowledge of the application functionality.

Prerequisites:

Before attending this course, students must have:

- General knowledge of Microsoft Windows
- Basic 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:

Overview

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

Setup Procedures

• This chapter focuses on the setup procedures for the Bank Reconciliation module. You 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 a default checkbook to ease data entry. You set up checkbooks so that you can track the information that is crucial in your company. The last step is to enter Beginning Balances for each checkbook in preparation for using the Bank Reconciliation module. Once your Bank Reconciliation setup has been defined, there are many reports available to document the selected preferences.

Daily Procedures

• This chapter defines the ways that transactions can be entered and posted in Bank Reconciliation. You explore the different types of transactions, receipts and deposits that may be entered in this module. This chapter explains how each type of transaction may update the cash balance in the General Ledger, the checkbook balance in Bank Reconciliation or both.

Reconcile Bank Statements

• This chapter examines the steps necessary to reconcile a checkbook to your bank statement. The process to enter miscellaneous transactions and adjustments during the reconcile process is covered in detail. Time is spent discussing the transaction posting that occurs during the reconcile process.

Maintaining Records

• This chapter examines the functionality available to maintain Bank Reconciliation records. The process to void transactions, transfers and deposits is covered in detail in this section. Time is spent discussing the procedure for changing and deleting records. You see how to remove historical information from Microsoft Dynamics GP and the effects of removing this history. Retrieving information is explored in detail in this chapter. Time is also spent discussing the inquiry windows and reports that can be generated from the Bank Reconciliation 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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