Duration: 1 Day
This course explores the processes that are required to manage cash receipts, cash disbursements, and other transactions that affect checkbook balances. You will learn how to perform the checkbook-reconciliation process in the Bank Reconciliation module, which ensures accuracy of your financial data and its relation to your financial institution statements.
What You Will Learn
- Identify the impact of the Bank Reconciliation module on other modules
- Customize the setup of Bank Reconciliation to fit their business needs
- Perform all Bank Reconciliation related data entry functions. This includes bank transactions, bank deposits, and bank transfers
- Perform maintenance on Bank Reconciliation documents and records such as checkbooks
- Print standard reports for audit trail purposes, financial analysis, and to verify data entry
- Perform the bank reconciliation process in Bank Reconciliation
Audience
- Customers who want to learn the basic features to effectively use Microsoft Dynamics GP Bank Reconciliation
- Anyone who plans to implement, use, maintain, consult, or support Microsoft Dynamics GP
- Data entry clerks, administrators, office managers, CEOs, and consultants who have to understand the technical aspects of Bank Reconciliation
Prerequistes
- General knowledge of Microsoft Windows
- Basic knowledge of accounting principles
Course Outline
1. Overview and Setup Procedures
- Features and Benefits
- Bank Reconciliation Setup
- Checkbook Maintenance
- Transfer Existing Checkbooks to Bank Reconciliation
2. Daily Procedures
- Bank Transaction Entry
- Enter Checks, Withdrawals and Adjustments
- Enter Receipt Transactions
- Miscellaneous Checks
- Bank Transfer Entry
- Deposit with Receipts
- Deposit without Receipts
- Clear Unused Receipts
3. Reconcile Bank Statements
- Reconcile Bank Statements
- Select Bank Transactions
- Enter Adjustments and Reconcile
4. Maintaining Records
- Voiding Transactions
- Deleting Checkbooks
- Removing History
- Using Inquiries
- Report Options and Printing
- Report Groups
- Report List
Course Labs
Lab 1: Bank Reconciliation Setup
Lab 2: Checkbook Setup
Lab 3: Enter an Outstanding Check
Lab 4: Enter a Check Transaction
Lab 5: Enter a Cash Receipt
Lab 6: Printing a Check
Lab 7: Enter a Bank Transfer
Lab 8: Enter a Deposit with Receipts
Lab 9: Enter a Deposit without Receipts
Lab 10: Reconciling a Checkbook
Lab 11: Removing History
