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any place you want MOC Course 80572 Dynamics GP Training -> General Ledger in Microsoft Dynamics GP 2013

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General Ledger in Microsoft Dynamics GP 2013 & 80575 Bank Reconciliation

This course explores the accounting cycle and the processes required to enter financial data into the system. It covers how to set up general ledger accounts, enter general ledger transactions, and post the transactions. This course also shows how to perform additional functions such as account reconciliation, budgeting, allocation, period-end procedures and year-end closing procedures.

Who Should Attend

This course is intended for customers and partners that want to learn the basic features and understand the typical day-to-day procedures of General Ledger. The class is targeted toward data entry clerks, administrators, office managers, CEO's, accountants, and consultants who need to understand the technical aspects of Microsoft Dynamics GP General Ledger and understand how to use it in accordance with the rest of the system.

Course Outline

Module 1: Overview and Setup

This module provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the Microsoft Dynamics GP application. This module also focuses on the setup procedures and different types of accounts in General Ledger, and how to define budgets for accounts using Microsoft Dynamics GP or Microsoft Excel.

Lessons

  • 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

Module 2: Daily Procedures

This module defines the ways that transactions can be entered and posted in General Ledger. It explores the difference between transaction level and batch level posting, and the methods for posting batches. It also demonstrates how to use clearing entries to transfer the balance of an account that is no longer being used to another account.

Lessons

  • Batch Entry
  • Transaction Entry
  • Calculate Taxes in General Ledger
  • Clearing Transaction Entry
  • Budget Transaction Entry
  • Quick Journal Entry
  • Linking Transactions
  • Batch Recovery

Module 3: Additional Functionality

This module examines how to use Multidimensional Analysis, Intercompany functionality and set up Organizational Structures to use account security.

Lessons

  • 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
  • Assign an Individual Account to the Organizational Structure
  • Activating Account Security

Module 4: Maintaining Records

This module examines the functionality available to maintain General Ledger records. There is a lesson that focuses on correcting posted entries as well as changing and deleting account records. Information about the reconcile features in General Ledger are discussed, including the capability of reconciling to other sub-ledgers. Inquiries and reports are also discussed in this module.

Lessons

  • 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

Module 5: Period-End Closing

This module examines the process of closing an accounting period and the fiscal year. The steps necessary to complete each phase of the closing process are discussed for the end of a period as well as a fiscal year. The module also looks at financial statements typically printed at the end of periods. Time is spent examining what actually takes place during the closing process and the two approaches that an organization may use for this process.

Lessons

  • Period-End Closing
  • Year-End Closing
  • Quick Financial Statements
  • Printing Financial Statements
  • Advanced Financial Analysis

Labs

Lab: Enter a Posting Account
Lab: Enter a Unit Account
Lab: Enter a Fixed Allocation Account
Lab: Enter a Variable Allocation Account
Lab: Account Segment Setup
Lab: Mass Modify Chart of Accounts
Lab: Create a Blank Budget in Excel
Lab: Importing a Budget from Excel
Lab: Quick Journal Setup
Lab: Transaction Entry, Unit Accounts
Lab: Transaction Entry, Allocation Accounts
Lab: Transaction Entry, Recurring Transactions
Lab: Clearing Entry
Lab: Budget Transaction Entry
Lab: Quick Journal Entry
Lab: Multidimensional Analysis
Lab: Organizational Structure Setup
Lab: Organizational Tree Setup
Lab: Organizational Structure, User Setup
Lab: Organizational Structure, Mass Assignment
Lab: Quick Financial Setup
Lab: Quick Financial, Report Options

What You'll 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

This course explores the processes required to manage cash receipts, cash disbursements, and other transactions that affect checkbook balances. It also shows you how to perform the checkbook reconciliation process in the Bank Reconciliation module, ensuring accuracy of your financial data and its relation to your financial institution statements.

Who Should Attend

This course is intended for customers who want 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 Bank Reconciliation. Bank Reconciliation training is recommended for anyone who plans to implement, use, maintain, consult, or support Microsoft Dynamics GP. The class is targeted toward data entry clerks, administrators, office managers, CEOs, and consultants who have to understand the technical aspects of Bank Reconciliation and gain foundational knowledge of the application functionality.

80575 Bank Reconcilliation

Course Outline

Module 1: Overview and Setup Procedures

This module gives students a general overview of the features and benefits of using the Bank Reconciliation in an integrated environment. It also focuses on the setup procedures for Bank Reconciliation, and the options available to customize it to reflect the way your organization does business. This module also covers entering beginning balances for each checkbook in preparation for using Bank Reconciliation.

Lessons

  • Features and Benefits
  • Bank Reconciliation Setup
  • Checkbook Maintenance
  • Transfer Existing Checkbooks to Bank Reconciliation

Module 2: Daily Procedures

This module defines the ways that transactions can be entered and posted in Bank Reconciliation. The different types of transactions, receipts, and deposits that may be entered in Bank Reconciliation are discussed. This module also explains how each type of transaction may update the cash account balance in the General Ledger, the checkbook balance in Bank Reconciliation, or both.

Lessons

  • 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

Module 3: Reconcile Bank Statements

This module examines the steps that are required to reconcile a checkbook to the bank statement using Bank Reconciliation. The process to enter miscellaneous transactions and adjustments during the reconcile process is also covered in this module. Time is also spent discussing the transaction posting that occurs during the reconcile process.

Lessons

  • Reconcile Bank Statements
  • Select Bank Transactions
  • Enter Adjustments and Reconcile

Module 4: Maintaining Records

This module examines the functionality available to maintain Bank Reconciliation records. The processes to void transactions, transfers, and deposits are covered. Time is also spent discussing the procedure for changing and deleting records and how to remove historical information from Bank Reconciliation and the effects of removing this type of history is discussed. The inquiry windows and some reports that can be generated from Bank Reconciliation are also discussed.

Lessons

  • Voiding Transactions
  • Deleting Checkbooks
  • Removing History
  • Using Inquiries
  • Report Options and Printing
  • Report Groups
  • Report List

Labs

Lab: Bank Reconciliation Setup
Lab: Checkbook Setup
Lab: Enter an Outstanding Check
Lab: Enter a Check Transaction
Lab: Enter a Cash Receipt
Lab: Printing a Check
Lab: Enter a Bank Transfer
Lab: Enter a Deposit with Receipts
Lab: Enter a Deposit without Receipts
Lab: Reconciling a Checkbook
Lab: Removing History

What You'll 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.

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