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Training Course Outline

IT Vendor Courses   Microsoft Great Plains Training Courses

M8819: Payables Management I in Microsoft DynamicsA GP 10.0

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Course Duration: 1 day

Course Code: M8819

Course Description:

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

A thorough understanding of these topics allows for capitalizing 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 cash outlay. This course teaches how to use comprehensive reporting features that present data in different ways, including many standard reports and inquiry windows. This course also provides guidance on how to define default values that automatically populate data fields and how to gather the information needed to make better business decisions by exploring powerful inquiry and lookup functions.

Course Objectives

After completing the course, you will be able to:

- Set up the Payables Management module and identify the customizable options available in the setup windows
- Perform all Payables Management related data entry functions including vendor invoicing, check processing, recurring vouchers, and manual checks
- Perform maintenance on Payables Management documents and other records such as vendors and recurring invoices
- Select documents for payment and make appropriate adjustments to payment amounts prior to check processing
- Print standard reports to verify data and financial analysis for audit trail purposes
- Identify the impact of the Payables Management module on other Microsoft Dynamics GP modules
- Correct input errors using the Edit Transaction Information window
- Understand the steps and requirements to void checks and invoices

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 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:

Overview and Setup Procedures

• Features and Benefits
• Integration
• Payables Management Setup
• Payables Setup Options
• Vendor Class Maintenance
• Vendor Class Accounts
• Vendor Maintenance
• Vendor Maintenance Options
• Vendor Address Maintenance
• Vendor Account Maintenance
• Beginning Balances
• Vendor History
• Payables Management Setup (Lab)
• Setting Up a New Vendor Class (Lab)
• Setting Up a New Vendor (Lab)

Daily Procedures

• Batch Entry
• Payables Transaction Entry
• Printing a Check in Payables Transaction Entry
• Scheduled Payments Entry
• Post Scheduled Payments
• Enter an Invoice (Lab)
• Enter and Pay an Invoice (Lab)
• Enter a Credit Memo (Lab)
• Payables Scheduled Payments (Lab)

Entering Payments

• Payables Manual Payment Entry
• Select Checks
• Edit Payables Checks
• Edit Payables Check Batches
• Print and Post Checks
• Apply Payables Documents
• Batch Recovery
• Manual Payments – Credit Card
• Manual Payments – Enter a Prepayment
• Select Checks
• Edit Payables Checks – Adding a Payment
• Edit Payables Checks – Removing a Vendor/Voucher
• Printing and Posting Checks
• Applying Payables Documents
• Manual Payments – Credit Card Lab)
• Manual Payments – Enter a Prepayment (Lab)
• Select Checks (Lab)
• Edit Payables Checks – Adding a Payment (Lab)
• Edit Payables Checks – Removing a Vendor/Voucher (Lab)
• Printing and Posting Checks (Lab)
• Applying Payables Documents (Lab)

Intercompany Transactions

• Define Intercompany Relationships
• Enter Intercompany Transactions
• Post Intercompany Transactions in General Ledger
• View Intercompany Transactions in Inquiry

Maintaining Records

• Vendor and Transaction Holds
• Void Open Payables Transactions
• Void Historical Transactions
• Change or Delete Vendor Records
• Remove History
• Reconcile
• Using Inquiries
• Report Options and Printing
• Report Groups
• Transaction Holds (Lab)
• Void an Open Transaction (Lab)
• Void a Historical Transaction (Lab)
• Edit Transaction Information (Lab)
• Delete a Vendor (Lab)
• Remove History (Lab)
• Reconcile (Lab)

Period-End-Procedures

• Closing a Period
• Closing the Calendar Year
• Printing 1099 Statements
• Closing the Fiscal Year
• Tax Year-End Close
• Close Fiscal Periods (Lab)
• Year-End Closing (Lab)

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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