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Great Plains 7.5 Bank Reconciliation
Course Description


Introduction
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The one-day Microsoft Great Plains Bank Reconciliation course explores the accounting cycle and the processes required to manage cash receipts, cash disbursements and other transactions that affect checkbook balances. This course will show you how to perform the reconciliation process, ensuring accuracy of your financial data and its relation to your financial institution.

You will gain a thorough understanding of these topics which will allow you to reconcile your checkbooks with your bank statements, keeping information consistent and accurate. You will learn to use comprehensive reporting features to preview data in different ways prior to performing the reconciliation process and as well as the Checkbook Register report which may be printed at any time. 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:

  • Customize the setup of Bank Reconciliation to fit your business needs
  • Perform all Bank Reconciliation related data entry functions including bank transactions, bank deposits and bank transfers
  • Perform maintenance on Bank Reconciliation documents and maintenance records such as checkbooks
  • Print standard reports for audit trail purposes, financial analysis and to verify data entry
  • Identify the impact of the Bank Reconciliation module on other modules
  • Troubleshoot and correct input errors including incorrect posting date or incorrect document amounts
  • Perform the bank reconciliation process

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Course Outline

Lesson 1: Introduction

  • Bank Reconciliation Features and Benefits
  • Bank Reconciliation Overview and Roadmap
  • Integration

 Lesson 2: Setup Procedures

  • Bank Reconciliation Setup Checklist
  • Company, Financial and Posting Setup Procedures
  • Bank Reconciliation Setup and Options
  • Checkbook Maintenance
  • Bank Reconciliation Setup Reports
  • Transfer Existing Checkbooks to Bank Reconciliation


Lesson 3: Daily Procedures

  • Transactions entered in Other Modules
  • Transactions entered in Bank Reconciliation
  • Bank Transaction Entry
  • Enter Receipt Transactions
  • Bank Transfer Entry
  • Create Deposits Checklist
  • Bank Deposit Entry

Lesson 4: Reconcile Bank Statements

  • Reconciling Bank Statements Checklist
  • Reconcile Bank Statements
  • Select Bank Transactions
  • Enter Adjustments for Miscellaneous Transactions
  • Print Preview Reports
  • Enter Adjustments for Cleared Differences
  • Reconcile the Checkbook

Lesson 5: Maintaining Records

  • Voiding a Bank Transaction
  • Voiding a Bank Transfer
  • Voiding a Deposit
  • Deleting a Checkbook
  • Removing History
  • Retrieve Information
  • Creating Report Options
  • Creating and Printing Report Groups

Lesson 6: Conclusion

    • User-defined fields in Checkbook Maintenance window
    • Customizing transactions types and numbers
    • Unlimited number of Checkbooks
    • Enter cash transactions, assign receipts to deposits and reconcile your checkbooks
    • Cash, check or credit cards receipts can be entered
    • Enter or void checks, withdrawals, receipts, or increase and decrease adjustments and simultaneously update the General Ledger
    • Funds can be transferred from one checkbook to another
    • Cash transactions in other modules, such as Receivables Management, Payables Management, Payroll, Sales Order Processing and Invoicing automatically update Bank Reconciliation
    • Preview reports allow you to view your work in progress during the reconciliation process
    • Reports can be printed after posting and reprinted later to create a permanent audit trail of your transactions
    • Changing and deleting checkbook records

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