Receivables Management in Microsoft Dynamics GP

Version Details This course is designed for customers who are interested in learning Microsoft Dynamics GP 2018. It not only covers the features in Dynamics GP 2018, but also the important capabilities of Dynamics GP in general. Overview The one-day Microsoft Dynamics GP Receivables Management course explores the accounting cycle and the processes required to enter invoices and receive payments from customers. This course also explains how to perform additional functions such as entering credit memos, prepayments, small balance write offs, print customer statements, enter and void scheduled payments, and month-end closing procedures. Audience Profile This course is intended for anyone 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 Receivables Management. Prerequisites Before attending this course, students must have: •Basic knowledge of Microsoft Dynamics GP. •Basic knowledge of accounting principles. •Basic Windows knowledge. At Course Completion After completing this course, students will be able to: •Perform Receivables Management related data entry functions including customer invoicing, customer payment application and recurring invoices. •Perform 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, financial analysis and to 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. Course Outline Module 1: Overview and Setup Procedures This module gives students a general overview of the features and benefits of using Receivables Management in an integrated environment. In addition it discusses setup procedures and examines in detail the options available to customize. It also focuses on the integration between Receivables Management and General Ledger in Microsoft Dynamics GP. Lessons •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 Lab : Receivables Management Setup Lab : Set Up a New Sales Territory Lab : Set Up a New Salesperson Lab : Modify a Customer Class Lab : Set Up a New Customer Lab : Set Up a National Account Lab : Set Up Refund Checks Module 2: Daily Procedures This module explains the daily procedures performed in Receivables Management. It focuses on the entry of transactions such as invoices, cash receipts, and finance charges. Lessons •Transaction Entry Overview •Receivables Batch Entry •Receivables Transaction Entry •Enter Receivables Scheduled Payments •Enter Cash Receipts •Apply Posted Transactions •Enter Refund Checks •Batch Recovery Lab : Receivables Transaction Entry Lab : Credit Memo Entry Lab : Receivables Scheduled Payments Lab : Cash Receipts Entry Lab : National Accounts/Cash Receipts Entry Lab : Apply Posted Transactions Lab : Creating and Printing Refund Checks Module 3: Maintaining Records This module focuses on the process of maintaining records in Receivables Management. It focuses on how to manage and view receivables data. Lessons •NSF Checks, Voiding, and Waiving Posted Transactions •Change and Delete Records •Edit Receivables Transactions •Remove History •Reconcile •Perform an Inquiry •Reports Lab : Voiding a Document Lab : Assessing a Non-Sufficient Funds Charge Lab : Edit Receivables Transactions Module 4: Period-End Processing This module explains the procedures performed at the end of fiscal periods in Receivables Management. Lessons •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 Lab : Aging Process Lab : Write Off an Invoice