Duration: 1 Day
This course explores the accounting cycle and the processes required to enter invoices and receive payments from customers. You will learn how to perform additional functions such as entering credit memos, prepayments, writing off small balances, printing customer statements, entering and voiding scheduled payments, and performing month-end closing procedures.
What You Will Learn
- Receivables Management related data entry functions including customer invoicing, customer payment application and recurring invoices
- Maintenance on Receivables Management documents and maintenance records such as customers, customer classes, and scheduled payments
- Apply payments and prepayments to customer balances or against specific invoices
- Print standard reports for audit trail purposes and financial analysis
- Verify data entry
- Troubleshoot and correct input errors including an incorrect posting date or incorrect document amounts
- Perform month-end procedures including aging customer documents, closing statement cycles, and printing customer statements
Audience
- Anyone wanting to learn the basic features to effectively use Microsoft Dynamics GP Receivables Management
Prerequistes
- Basic knowledge of Microsoft Dynamics GP
- Basic knowledge of accounting principles
- Basic Windows knowledge
Course Outline
1. Overview and Setup Procedures
- Features and Benefits
- Setup Procedures
- Receivables Management Setup
- Receivables Setup Options
- Sales Territory Maintenance
- Salesperson Maintenance
- Customer Class Setup
- Customer Maintenance
- Customer Maintenance Options
- National Accounts Maintenance
- Refund Check Setup
- Sales Email Setup
- Beginning Balances
2. Daily Procedures
- Transaction Entry Overview
- Receivables Batch Entry
- Receivables Transaction Entry
- Enter Receivables Scheduled Payments
- Enter Cash Receipts
- Apply Posted Transactions
- Enter Refund Checks
- Batch Recovery
3. Maintaining Records
- NSF Checks, Voiding, and Waiving Posted Transactions
- Change and Delete Records
- Edit Receivables Transactions
- Remove History
- Reconcile
- Perform an Inquiry
- Reports
4. Period-End Processing
- Period-End Procedures Overview
- Aging Process
- Finance Charges
- Print Statements
- Reprint Statements
- Paid Sales Transactions Removal
- Other Period-End Procedures
- Reconcile Receivables to General Ledger
- Year-End Routines
Course Labs
Lab 1: Receivables Management Setup
Lab :2 Set Up a New Sales Territory
Lab 3: Set Up a New Salesperson
Lab 4: Modify a Customer Class
Lab 5: Set Up a New Customer
Lab 6: Set Up a National Account
Lab 7: Set Up Refund Checks
Lab 8: Receivables Transaction Entry
Lab 9: Credit Memo Entry
Lab 10: Receivables Scheduled Payments
Lab 11: Cash Receipts Entry
Lab 12: National Accounts/Cash Receipts Entry
Lab 13: Apply Posted Transactions
Lab 14: Creating and Printing Refund Checks
Lab 15: Voiding a Document
Lab 16: Assessing a Non-Sufficient Funds Charge
Lab 17: Edit Receivables Transactions
Lab 18: Aging Process
Lab 19: Write Off an Invoice
