Course Description
Introduction
The one-day Microsoft Great Plains Payables Management course delves into the accounting cycle and the processes required to enter vendor invoices and process checks. As well, this course will show you how to perform additional functions such as adjustments, prepayments, month-end closing, and cash flow control.
You will gain a thorough understanding of these topics which will allow you to capitalize on vendor discount dates to reduce payable liabilities and easily select the right vouchers for payment by date, vendor, number, or custom query to control your cash outlay. You will learn to use comprehensive reporting features to present data in different ways, including many standard reports such as Aged Accounts Payables, Vendor Trial Balance, and Vendor Check Register. This course will also teach you how to define default values that automatically populate data fields and gather the information you need to make better business decisions by exploring powerful inquiry and lookup functions
Course Objectives:
- Perform all Payables Management related data entry functions including vendor invoicing, check processing, recurring vouchers and manual checks
- Perform maintenance on payables management documents and other records such as vendors and recurring invoices
- Select documents for payment and make appropriate adjustments to payment amounts prior to check processing
- Print standard reports to verify data and financial analysis for audit trail purposes
- Identify the impact of the Payables Management module on other Great Plains modules
- Troubleshoot and correct input errors including an incorrect posting period and how to void checks
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