Course Description
 Duration: 1 Day
Prerequisites:
- General knowledge of Microsoft Windows.
- Knowledge of Basic navigation functions in Solomon.
- Completion of General Ledger training course helpful but not required.
Course Description:
In just one day, the Microsoft Business Solutions Solomon Accounts Receivable class explores the accounting cycle and the processes required to enter invoices and receive payments from customers. This course will show you how to perform additional functions such as credit memos, prepayments, small balance write off, print customer statements, reverse and void payments, and month-end closing. Learn to set terms for calculating document discount dates and due dates, use balance forward and open-item statements, and apply any mix of the comprehensive service and finance charges available.
You will gain a thorough understanding of these topics which will allow you to apply payments and credit memos to specific unpaid invoices by using several automatic payment application options. This will keep customer payment information consistent and accurate. You will learn to use comprehensive reporting features to present data in different ways, including many standard reports such as Aged Accounts Receivables, Customer Trial Balance, and the Accounts Receivable Batch 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.
Learn how to improve productivity, reduce cycle time, and gain control over accounts receivable processes. Speed data entry with recurring invoice options that automatically default payment terms and other fields defined in the customer maintenance record. Apply payments manually or automatically to invoices on a monthly or periodic basis. This is an essential course for all end-users, consultants, and implementers who want to learn about this core module of the Solomon Financial system.
Classroom training provides serious, in-depth learning thorough hands-on interaction. From demonstrations to presentations to classroom activities, you will receive hands-on experience with instruction from our certified staff of experts and increase productivity and efficiency by learning tips and tricks from product specialists
Objectives:
- Perform all Accounts Receivable related data entry functions including customer invoicing, customer payment application and recurring invoices.
- Perform maintenance on Accounts Receivable documents and maintenance records such as customers, customer classes and recurring invoices.
- Apply payments and prepayments to customer balances or against specific invoices.
- Print standard reports for audit trail purposes, financial analysis and to verify data entry.
- Identify the impact of the Accounts Receivable module on other modules.
- Troubleshoot and correct operator input errors including incorrect period to post, incorrect document amounts, or dates and incorrect or unnecessary documents.
- Perform month-end procedures including aging customer documents, closing statement cycles and printing customer statements.
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