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 shows you how to perform additional functions such as credit memos, prepayments, small balance write off, print customer statements, enter and void scheduled payments, and month-end closing procedures. You will also learn to set terms for calculating document discount dates and due dates, use balance forward and open-item statements, and apply any mix of the comprehensive service and finance charges available.
Microsoft Software Assurance Training Vouchers are not eligible for this course.
Duration: 1 days
Audience
The class is targeted toward data entry clerks, administrators, office managers, and consultants who need to understand the technical aspects of Receivables Management and gain foundational knowledge of the application functionality.
Prerequisites
Before attending this course, students must have:
- Completed the Microsoft Dynamics GP Introduction course.
- Basic knowledge of accounting principles.
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 the General Ledger in Microsoft Dynamics GP.
Lessons
•Receivables Management Overview
•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 Checks Setup
•Sales E-mail Setup
•Beginning Balances
Lab : Receivables Management Overview and Setup Procedures
•Receivables Management Setup
•Setting Up a New Sales Territory
•Setting Up a New Salesperson
•Modify a Customer Class
•Setting Up a New Customer
•Setting Up a National Account
•Setting 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 : Receivable Management Daily Procedures
•Receivables Transaction Entry
•Credit Memo Entry
•Receivables Scheduled Payments
•Cash Receipts Entry
•National Accounts/Cash Receipts Entry
•Apply Posted Transactions
•Creating and Printing Refund Checks
Module 3: Maintaining Records
This module focuses on the process of maintaining records in Receivables Management. It helps you learn how to manage and view your 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 : Receivables Management Maintaining Records
•Voiding a Document
•Assessing an NSF Charge
•Editing 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 Transaction Removal
•Other Period-End Procedures
•Reconcile Receivables to General Ledger
•Year-end Routines
Lab : Receivables Management Period-end Processing
•Aging Process
•Write Off
What You Will Learn
After completing this course, students will be able to:
- Perform all 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.
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