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Training Course Outline

IT Vendor Courses   Microsoft Dynamics Training Courses

M8823: Receivables Management I in Microsoft DynamicsA GP 10.0

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Course Duration: 1 day

Course Code: M8823

Course Description:

The one-day Microsoft Dynamics GP Receivables Management course explores the accounting cycle and the processes required to enter invoices and receive payments from customers. This course shows you how to perform additional functions such as credit memos, prepayments, small balance write off, print customer statements, enter and void scheduled payments, and month-end closing procedures. Learn to set terms for calculating document discount dates and due dates, use balance forward and open-item statements, and apply any mix of the comprehensive service and finance charges available.

A thorough understanding of these topics allows you to apply payments and credit memos to specific unpaid invoices by using several automatic payment application options. This keeps customer payment information consistent and accurate. You learn to use comprehensive reporting features to present data in different ways, including many standard reports such as Aged Accounts Receivables, Customer Aged Receivables and the Receivables Trial Balance report. This course also demonstrates 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.

Who Should Attend 

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 Receivables Management.

Receivables Management 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 Receivables Management and gain foundational knowledge of the application functionality.

Prerequisites:

Before attending this course, students must have:

- General knowledge of Microsoft Windows
- Completed the Microsoft Dynamics GP Tutorial
- 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:

Agile Development

• Receivables Management Features and Benefits
• Receivables Management Overview
• Receivables Management Setup Checklist
• Company and Posting Setup Procedures
• Receivables Management Setup and Options
• Sales Territory Maintenance
• Salesperson Maintenance
• Customer Class Setup
• Customer Maintenance
• Customer Account Maintenance
• Customer Maintenance Options
• National Accounts Maintenance
• Refund Checks Setup
• Receivables Management Setup Reports
• Beginning Balances
• Customer Summary
• Modify Existing Receivables Management Setup Selections (Lab)
• Add a New Sales Territory (Lab)
• Add a New Salesperson Record (Lab)
• Modify an Existing Customer Class (Lab)
• Add a New Customer Record (Lab)
• Add a New National Account (Lab)
• Set up Refund Checks (Lab)

Daily Procedures

• Transaction Entry Overview
• Posting Overview
• Receivables Batch Entry
• Receivables Transaction Entry
• Applying Documents
• Post Transactions
• Scheduled Payments Checklist
• Scheduled Payments Entry
• Entering Cash Receipts
• Apply Posted Transactions
• Entering Refund Checks
• Batch Recovery
• Enter and Post the Invoice (Lab)
• Enter and Apply a Credit Memo (Lab)
• Create a Payment Schedule for a Sale to a Customer (Lab)
• Enter a Cash Receipt and Apply the Payment (Lab)
• Enter a Cash Receipt and Apply the Payment for a National Account (Lab)
• Apply a Payment to an Invoice (Lab)
• Post transactions and Batches (Lab)
• Create, Print, and Post a Refund Check (Lab)

Basic Administration

• Handling NSF checks, Voiding, and Waiving Posted Transactions
• Change and Delete Records
• Edit posted transactions
• Remove History
• Reconcile
• Retrieve Information
• Creating Report Options
• Creating and Printing Report Groups
• Void a Customer Invoice (Lab)
• Assess NSF Charge for a Customer (Lab)
• Verify Original Document has been Voided (Lab)

Period-End Procedures

• Period-end Checklist
• Aging Process
• Assess Finance Charges
• Print and/or Reprint Customer Statements
• Transfer Sales Commission
• Write Off Documents
• Paid Sales Transaction Removal
• Reconcile Receivables Management to General Ledger
• Closing the Fiscal Period
• Calendar Year-end Closing
• Fiscal Year-end Closing
• Tax Year-end Close

Appendix A: Job Aids

• Road Map
• Checklists
• Reports

Appendix B: Case Study

• Setup
• Daily Procedures
• Reports
• Period End Procedures

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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