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 you how to perform additional functions such as adjustments, prepayments, month-end closing, and cash flow control.

Who Should Attend

This course is intended for 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.

Course Outline

Module 1: Overview and Setup Procedures

This module discusses the necessary setup options to start using Payables Management in Microsoft Dynamics GP. It discusses the general setup windows, and also key record setups including vendors and vendor classes.


Module 2: Daily Procedures

This module explains the different types of transactions that can be entered in Payables Management. Transactions discussed include invoices, credit memos, debit memos and scheduled payment invoices.


Module 3: Entering Payments

This module explains how to enter payments made to vendors. It discusses entering manual payments and generating checks to pay vendors.


Module 4: Intercompany Transactions

This module discusses the capabilities and use of intercompany transactions in Payables Management. 


Module 5: Maintaining Records

This module focuses on how to manage vendor relationships and the transaction data that you collect from purchasing transactions. Also included in this module is information about reporting and inquiry on vendors and transactions that are associated with purchasing.


Module 6: Period-End Procedures

This module discusses period-end closings and the recommended steps that must be completed at each closing. Many of the steps are optional.



Lab: Payables Management Setup
Lab: Setting up a New Vendor Class
Lab: Setting up a New Vendor
Lab: Enter an Invoice
Lab: Enter and Pay an Invoice
Lab: Enter a Credit Memo
Lab: Payables Scheduled Payments
Lab: 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: Transaction Holds
Lab: Void an Open Transaction
Lab: Void a Historical Transaction
Lab: Edit Transaction Information
Lab: Delete a Vendor
Lab: Remove History
Lab: Close Fiscal Periods
Lab: Year-End Closing

What You'll Learn

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