| Chapter 1: Overview
This chapter gives students a general overview of the features and benefits of using the Bank Reconciliation module in an integrated environment. It also focuses on the integration of this module with other modules in the Microsoft Dynamics GP application.
Main Topics
- Bank Reconciliation Features and Benefits
- Bank Reconciliation Overview and Roadmap Integration
After completing this chapter, students should be able to:
- Identify the features and benefits available when using Bank Reconciliation
- Discuss integration that takes place between Bank Reconciliation and other modules within the application
- Identify the navigation used to access the windows for transactions, reports, routines, and inquiries in Bank Reconciliation
Chapter 2: Setup Procedures
This chapter focuses on the setup procedures for the Bank Reconciliation module. You examine in detail the options available to customize this module to reflect the way your organization does business. Time is spent discussing the benefits of using a default checkbook to ease data entry. You set up checkbooks so that you can track the information that is crucial in your company. The last step is to enter Beginning Balances for each checkbook in preparation for using the Bank Reconciliation module. Once your Bank Reconciliation setup has been defined, there are many reports available to document the selected preferences.
Main Topics
- Bank Reconciliation Setup Checklist
- Company, Financial, and Posting Setup Procedures
- Bank Reconciliation Setup and Options
- Bank Reconciliation Setup and Options
- Checkbook Maintenance
- Bank Reconciliation Setup Reports
- Transfer Existing Checkbooks to Bank Reconciliation
Labs
- Modify existing Bank Reconciliation Setup selection
- Add a new Checkbook
After completing this chapter, students should be able to:
- Customize settings for the Bank Reconciliation module Set up Checkbooks
- Transfer existing checkbooks to Microsoft Dynamics GP to begin using the Bank Reconciliation module
Chapter 3: Daily Procedures
This chapter defines the ways that transactions can be entered and posted in Bank Reconciliation. You explore the different types of transactions, receipts and deposits that may be entered in this module. This chapter explains how each type of transaction may update the cash balance in the General Ledger, the checkbook balance in Bank Reconciliation or both.
Main Topics
- Transactions entered in Other Modules
- Transactions entered in Bank Reconciliation
- Bank Transaction Entry
- Enter Receipt Transactions
- Enter Miscellaneous Checks
- Bank Transfer Entry
- Create Deposits Checklist
- Bank Deposit Entry
Labs
- Enter and Post the Outstanding Check
- Enter a Check Transaction
- Enter a Miscellaneous Check
- Enter a Bank Transfer
- Enter a Deposit without Receipts
- Enter a Deposit with Receipts
After completing this chapter, students should be able to:
- Understand how transactions entered in other modules affect Bank Reconciliation
- Enter the different types of transactions in Bank Reconciliation
- Enter and post deposits
Chapter 4: Reconcile Bank Statements
This chapter examines the steps necessary to reconcile a checkbook to your bank statement. The process to enter miscellaneous transactions and adjustments during the reconcile process is covered in detail. Time is spent discussing the transaction posting that occurs during the reconcile process.
Main Topics
- 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
Labs
- Reconcile the Checkbook to the Bank Statement
After completing this chapter, students should be able to:
- Reconcile your checkbook to your bank statement
- Enter adjustments for Miscellaneous Transactions and Cleared Differences
- Print Reconciliation Preview Reports
Chapter 5: Maintaining Records
This chapter examines the functionality available to maintain Bank Reconciliation records. The process to void transactions, transfers and deposits is covered in detail in this section. Time is spent discussing the procedure for changing and deleting records. You see how to remove historical information from Microsoft Dynamics GP and the effects of removing this history. Retrieving information is explored in detail in this chapter. Time is also spent discussing the inquiry windows and reports that can be generated from the Bank Reconciliation module.
Main Topics
- 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
Labs
- Remove Bank Transaction History
After completing this chapter, students should be able to:
- Void bank transactions, transfers, and deposits Change and delete checkbook records
- Remove historical bank reconciliation information Inquire and report on bank information
Appendix A: SmartList
This appendix discusses the use of SmartList to access financial data. There are also optional exercises that can be completed by students if time permits.
Main Topics
- Using SmartLists
- Creating Objects
- Using the Search Button
- Saving New Objects as Favorites
Labs
- Create a SmartList Inquiry
- Export the results to Microsoft Excel
After completing this chapter, students should be able to:
- Use SmartLists to access valuable financial data
- Create new SmartList objects
- Use the Search button to manage the information in a view
- Explain the various options that are available when using SmartLists
Appendix C: Case Study
This case study is a comprehensive lab that reinforces the concepts learned in the Bank Reconciliation class.
Main Topics
- Verify Posting Setup
- Create a new Checkbook
- Enter a Bank Transfer
- Enter Bank Transactions
- Entering Receipts
- Create Bank Deposits
- Bank Adjustments
- Void Transactions
- Reconcile
- Print Reports
- Balance to General Ledger
- SmartList
After completing this chapter, students should be able to:
- Understand the necessary processes to set up and manage their Bank Reconciliation module
- Have more confidence in their ability to use Bank Reconciliation in their company
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