Duration: 1 Day

Prerequisites:

Before attending this course, students must have:

• General knowledge of Microsoft Windows
• Microsoft Solomon navigation is helpful but not required for this course

Course Description:

In just one day, the Microsoft Business Solutions – Solomon General Ledger class explores the accounting cycle and the processes required to enter financial data into the system. This course will also show you how to perform additional functions such as account/subaccount validation, budgeting, allocation, month-end closing, and consolidation.

A thorough understanding of these topics allows you to streamline monthly and year-end closing processes by learning how to automate routine activities such as account allocations, and reports. You will learn how to accelerate data entry with transaction batch options while reducing data entry errors by defining valid account and sub-account combinations. 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.

Objectives:

After completing this course, students will be able to:

• Create journal transactions to update General Ledger accounts
• Execute the posting process and view the results of the transactions in the General Ledger accounts
• Identify the appropriate use for the types of batches available for journal transactions
• Define Ledgers to track budgets, statistical accounts, and foreign currency accounting records for use in financial reporting
• Use appropriate General Ledger processes to perform accounting cycle functions such as creating journal transactions, posting to general ledger accounts, closing the accounting period, budgeting, and allocating account balances
• Identify transactions created in related modules and their effect on the General Ledger account balances
• Troubleshoot and correct operator input errors including incorrect period to post, entries to incorrect accounts, and correcting batches from submodules that impact the General Ledger
• Define set up options for the module that allow you to customize your system to better fit your organization’s unique needs

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