Duration: 1 Day
This course explores the accounting cycle and the processes that are required to enter financial data into the system. You will learn how to set up general ledger accounts, enter general ledger transactions, and post the transactions. You will also learn how to perform additional functions such as account reconciliation, budgeting, allocation, period-end procedures and year-end closing procedures.
What You Will Learn
- Customize General Ledger settings
- Set up a chart of accounts including posting, unit, and allocation accounts
- Enter and post transactions using transactional or batch posting methods
- Perform key inquiries and print reports in General Ledger
- Maintain records in General Ledger
- Print financial statements and other key reports to manage a business
- Complete period and year-end procedures
Audience
- Customers and partners that want to learn the basic features and understand the typical day-to-day procedures of General Ledger
- Data entry clerks, administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Microsoft Dynamics GP General Ledger
Prerequistes
- General experience using Microsoft Windows
- Basic understanding of accounting principles
- Attend the Introduction to Microsoft Dynamics GP course or have some basic knowledge of Microsoft Dynamics GP
Course Outline
1. Overview and Setup
- Features and Benefits
- General Ledger Setup
- Account Categories
- Posting Account Setup
- Unit Account Setup
- Fixed Allocation Account Setup
- Variable Allocation Account Setup
- Account Segment Setup
- Mass Modify Chart of Accounts
- Define the Retained Earnings Account
- Set Up Budgets
- Budget Maintenance
- Combining Budgets
- Quick Journal Setup
- Transaction Matching Setup
- Entering Beginning Balances
2. Daily Procedures
- Batch Entry
- Transaction Entry
- Calculate Taxes in General Ledger
- Clearing Transaction Entry
- Budget Transaction Entry
- Quick Journal Entry
- Linking Transactions
- Batch Recovery
3. Additional Functionality
- Multidimensional Analysis Groups and Codes
- Assign Analysis Groups to Accounts
- Multidimensional Analysis Transactions
- Define Intercompany Relationships
- Entering Intercompany Transactions
- Organizational Structures Setup
- Define Organizational Relationships
- Assign User Classes to the Organizational Structure
- Assign Users to the Organizational Structure
- Assign a Range of Accounts to the Organizational Structure
- Assignan Individual Accountto the Organizational Structure
- Activating Account Security
4. Maintaining Records
- Correcting a Posted Transaction
- Change, Inactivate, and Delete Account Records
- Reconcile
- Reconcile to GL
- Remove History
- Archive Matched Transactions
- Account Rollups
- Using Inquiries
- Report Options and Printing
- Report Groups
- Report List
5. Period-End Closing
- Period-End Closing
- Year-End Closing
- Quick Financial Statements
- Printing Financial Statements
- Advanced Financial Analysis
Course Labs
Lab 1: Enter a Posting Account
Lab 2: Enter a Unit Account
Lab 3: Enter a Fixed Allocation Account
Lab 4: Enter a Variable Allocation Account
Lab 5: Account Segment Setup
Lab 6: Mass Modify Chart of Accounts
Lab 7: Create a Blank Budget in Excel
Lab 8: Importing a Budget from Excel
Lab 9: Quick Journal Setup
Lab 10: Transaction Entry, Unit Accounts
Lab 11: Transaction Entry, Allocation Accounts
Lab 12: Transaction Entry, Recurring Transactions
Lab 13: Clearing Entry
Lab 14: Budget Transaction Entry
Lab 15: Quick Journal Entry
Lab 16: Multidimensional Analysis
Lab 17: Organizational Structure Setup
Lab 18: Organizational Tree Setup
Lab 19: Organizational Structure, User Setup
Lab 20: Organizational Structure, Mass Assignment
Lab 21: Quick Financial Setup
Lab 22: Quick Financial, Report Options
