Accounts Receivable in Microsoft Dynamics SL 2011 Training Course
Course 80320
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Course Overview
This one-day course explores the accounting cycle and the processes required to enter invoices and receive payments from customers. This course shows how to perform additional functions such as credit memos, prepayments, small balance write-offs, print customer statements, reverse and void payments, and month-end closing. Also included in the course are: setting terms for calculating document discount dates and due dates, using balance forward and open-item statements, and applying any mix of the comprehensive service and finance charges available.
This one-day course explores the accounting cycle and the processes required to enter invoices and receive payments from customers. This course shows how to perform additional functions such as credit memos, prepayments, small balance write-offs, print customer statements, reverse and void payments, and month-end closing. Also included in the course are: setting terms for calculating document discount dates and due dates, using balance forward and open-item statements, and applying any mix of the comprehensive service and finance charges available.
Course Outline
Module 1: Accounts Receivable Overview This module introduces students to the Accounts Receivable software module of Microsoft Dynamics SL 2011. It introduces the screens and processes that are used to complete the accounting cycle in Accounts Receivable. Lessons
Module 2: Active Overview This module examines the core processes that are used in the Accounts Receivable software module. The purpose is to introduce each step in the accounting cycle, briefly discuss its purpose, and primary features, and focus on its function in the accounting cycle. Please note that this module is not intended to provide a detailed primer on each of these topics. This module is optional and may be skipped at the instructor's discretion. If the instructor feels that each student's background provides sufficient experience in these topic areas, then the instructor may skip this module of the course. Lessons
Module 3: Customer Maintenance This module examines the setup of customers. The purpose is to describe the information required to define a customer in the system. A customer must be defined before Accounts Receivable documents can be entered. Lessons
Module 4: Invoice and Adjustment Entry This module discusses the concept of batch entry. The fields and features of the Invoice and Memo window are discussed. It examines the types of documents that can be entered in the Invoice and Memo window and the processes required to update customer balances. Also, you will generate reports to verify information entered and use the Document Maintenance window to edit information after a batch is released.Lessons
Module 5: Customer Inquiry This module examines the series of windows available for viewing customer balances and drilling down to transaction details. The Inquiry windows provide the ability to view customer balances and documents without having to print reports. Learn to view balances and drill down to the details of the transactions. Lessons
Module 6: Payment Application This module explores the different ways that payments, prepayments, and credit memos are applied to invoices. The auto payment application process is discussed as well as the differences, advantages, and disadvantages among the different application methods.Lessons
Module 7: Payment Application Inquiry/Reversal This module explores the options for dealing with incorrect payments. It describes how to reverse payment applications, correct payments entered for the wrong customer, void payments, and optionally charge Non Sufficient Fund fees. Lessons
Module 8: Small Balance/Credit Write-Off This module describes how to void a payment after it has been issued. View the reinstated invoice, and understand the steps to issue a new payment. Lessons
Module 9: Recurring Invoices Use the recurring invoice feature to make repetitive documents more efficient. This module demonstrates defining a recurring item and executing the process to create the invoice each period. Lessons
Module 10: Customer Statements This module introduces the procedures that should be run prior to printing customer statements. It also demonstrates how to set up and apply finance charges, view aging balances, and the options for assigning customers to statement cycle groups and printing statements. Lessons
Module 11: Month-End Procedures This module we describe how to create a closing checklist to ensure all transactions and activities have been completed for the accounting period. It demonstrates how to produce appropriate audit trail reports, correct an out of balance condition, and close only Accounts Receivable or all software modules for the period. It also discusses the detail retention and deletion options. Lessons
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