Receivables Management in Microsoft Dynamics GP

Course Description:

  The Receivables Management in Microsoft Dynamics GP - 80574 course is a 1-day course that is designed for students who are interested in learning Microsoft Dynamics GP 2018. The course covers the new features in Dynamics GP 2018 and also the important capabilities of Dynamics GP in general.

Students will learn about the accounting cycle and the processes required to enter invoices and receive payments from customers. Students will also learn 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.

Topics covered in the course include:

• Conducting Receivables Management related data entry functions including customer invoicing, customer payment application and recurring invoices.
• Conducting maintenance on Receivables Management documents and maintenance records such as customers, customer classes and scheduled payments.
• Applying payments and prepayments to customer balances and against specific invoices.
• Printing standard reports for audit trail purposes, financial analysis and data entry verification.
• Troubleshooting and correcting input errors
• Perform month-end procedures including aging customer documents, closing statement cycles and printing customer statements.

Target Student: This course is designed for students who want to learn the basic features and the typical day-to-day procedures required to effectively use Microsoft Dynamics GP Receivables Management.

Students should be familiar with Microsfot Windows, general accounting principles, and have taken the Introduction to Microsoft Dynamics GP course or have equivalent experience in Dynamics GP.

Section 1: Overview and Setup Procedures
This section provides students a general overview of the features and benefits of using Receivables Management in an integrated environment. Additionally it covers setup procedures and examines in detail the options available to customize. The section also focuses on the integration between Receivables Management and General Ledger in Microsoft Dynamics GP.
Topics :
•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 1: Receivables Management Setup
Lab 2: Set Up a New Sales Territory
Lab 3: Set Up a New Salesperson
Lab 4: Modify a Customer Class
Lab 5: Set Up a New Customer
Lab 6: Set Up a National Account
Lab 7: Set Up Refund Checks

Section 2: Daily Procedures
This section discusses the daily procedures performed in Receivables Management. The section focuses on the entry of transactions such as invoices, cash receipts, and finance charges.
Topics :
•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 1: Receivables Transaction Entry
Lab 2: Credit Memo Entry
Lab 3: Receivables Scheduled Payments
Lab 4: Cash Receipts Entry
Lab 5: National Accounts/Cash Receipts Entry
Lab 6: Apply Posted Transactions
Lab 7: Creating and Printing Refund Checks

Section 3: Maintaining Records
This section focuses on the process of maintaining records in Receivables Management. The section focuses on how to manage and view receivables data.
Topics :
•NSF Checks, Voiding, and Waiving Posted Transactions
•Change and Delete Records
•Edit Receivables Transactions
•Remove History
•Reconcile
•Perform an Inquiry
•Reports
Lab 1: Voiding a Document
Lab 2: Assessing a Non-Sufficient Funds Charge
Lab 3: Edit Receivables Transactions

Section 4: Period-End Processing
This section discusses the procedures performed at the end of fiscal periods in Receivables Management.
Topics :
•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 1: Aging Process
Lab 2: Write Off an Invoice

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