Activant Prophet 21. Perfecting Your Month and Year End Closing Routines

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Activant Prophet 21. Perfecting Your Month and Year End Closing Routines"

Transcription

1 Activant Prophet 21 Perfecting Your Month and Year End Closing Routines

2 This class is designed for System Administrators Operation Managers Accounting Managers

3 Objectives Suggested month end and year end procedures

4 This course will NOT cover System Settings Transactions in the system Performing Inventory Counts Creating Financial Reports

5 Remember! Prophet 21 is a real time system Approved transactions are posted to the General Ledger as they are saved in the system No need to perform Batch processes

6 Approved Transactions Approvals are a system setting

7 Approval Settings

8 Journals All Transactions are posted to specific journals General Ledger > Inquire > GL Drill Down

9 Postings System posts by period and year indicated, NOT date

10 Update Forecast Usage

11 Update Forecast Usage MUST BE RUN ON LIVE DATABASE After close of business on the last day Before any transactions on the first day

12 Update Forecast Usage

13 Update Forecast Usage

14 Item History Calculates the anticipated demand for items Used in UPTO and EOQ Forecast usage is used in UPTO and EOQ calculations

15 Accounting Database Create a backup of your live database Use this database to run the reports that do not go back in time Allows more time to balance

16 Accounting Database The following programs should be run from the Accounting Database Inventory Value Report Unvouchered PO, Landed Cost and Requisition Reports Payment Summary Report Open RMA Report

17 What to Check - The Big 4 AP Trial Balance to the General Ledger AR Trial Balance to the General Ledger Inventory Value Report to the inventory accounts Unvouchered PO, Landed Cost and Requisition PO Reports to the General Ledger

18 Accounts Payable Transactions that affect Accounts Payable: Convert PO to Voucher Convert Inventory Return to Voucher Voucher Entry by Amount / Item (Manual Voucher) Reverse Vouchers Credit/Debit Memos Prepay Voucher Convert Landed Cost to Voucher

19 Balance Accounts Payable Balance AP general ledger account to the AP Aging report Accounts Payable > Reports > AP Trial Balance

20 Balance Accounts Payable Print for period and year being balanced The AP Aged Trial Balance Report can be printed for past periods.

21 Balance Accounts Payable Troubleshooting Discrepancies Go back in periods to determine when you did tie out If you have never been in balance, including when you went live on the system, there may have been a problem with the beginning balances

22 When AP Trial Balance Does Not Tie to the GL An expense account is listed in the AP Account field in Vendor Maintenance AP account is listed in the Purchase Account in Vendor Maintenance Debit and credit to AP in the same transaction AP account is selected when entering in a manual voucher Journal entry to AP

23 Balance Accounts Payable Verify that the AP account assigned to each vendor is correct Accounts Payable > Maintenance > Vendor Maintenance > Vendor tab This can be done through a SQL Statement or Fast Edit Software Support Solution #3259 This solution contains SQL statements that can help in problem-solving any discrepancies

24 Troubleshooting Techniques (AP) Run the Distribution Journal in AP (Reports > Journals > Distributions) Select the AP account, period, and year This will show all transactions where AP was used as the distribution account

25 Troubleshooting Techniques (AP) Look for general journal entries in the AP account Compare the purchase journal and cash disbursements journal totals in the General Ledger to the journals printed through AP

26 Post Recurring Vouchers Did you set up recurring entries? Post recurring entries at the end of the month Accounts Payable > Transaction > Post Recurring Vouchers

27 Post Recurring Vouchers Save window for vouchers to be created

28 Balance Accounts Receivables Balance general ledger AR balance to the AR Aging report Accounts Receivable > Reports > Aged Trial Balance

29 Balance Accounts Receivables Report can be printed for past periods

30 Accounts Receivable Transactions that affect AR: Shipping Confirmation RMA Receipts Invoice by Item / Amount Credit / Debit Memos Bad Debt Write-Offs Bad Debt Recovery Direct Ship Confirmations Cash Receipts

31 Balance Accounts Receivable Troubleshooting Discrepancies Go back in periods to determine when you did tie out Out of balance often due to go-live import Check the General Ledger Journal Sales Journal Cash receipts

32 Balance Accounts Receivable Verify that the AR account assigned to each customer is correct Accounts Receivable > Maintenance > Customer Maintenance > Accounts This can be done through a SQL statement or Fast Edit Software Support Solution #2293 This solution contains SQL statements that can help in problem-solving discrepancies

33 Troubleshooting Techniques Print a Distribution Journal in AR using the AR account This will show invoices where the AR account was selected as the distribution account on an invoice AR account is used as a revenue account Debit/Credit memos Bad debt write offs

34 Balance Accounts Receivable All Cash Drawers should be closed

35 Payment Summary Report This report should balance to the Deferred Revenue Account

36 Payment summary Report

37 Open RMA Report

38 Open RMA Report

39 Finance Charges Do you generate Finance Charges?

40 Customer Statements Do you generate statements?

41 Balance Inventory Balance Inventory general ledger accounts to the Inventory Value Report Inventory / Reports

42 Balance Inventory This report displays current info only you cannot view information for past periods of time

43 Balance Inventory Check the Journals associated with Inventory postings Inventory Adjustments Inventory Receipts Inventory Return Inventory Cost Sales Purchases Variance in Convert PO to Voucher (System setting)

44 Balance Inventory Run the Distribution Journal in AP Enter the inventory account, period, and year This will show any vouchers that were entered with the inventory account as the offsetting account

45 Inventory Does Not Tie to GL Inventory account is used as the purchase account on a manual voucher Journal entry to inventory Inventory account is listed in Adjustment Reason Maintenance Edit inventory cost used the inventory account as the offset account

46 Inventory Does Not Tie to GL Check Item Defaults Inventory account should be entered on the Accounts Info tab Do you track inventory by product group? Check the inventory account is correct. Was it a go-live issue? Software Support Solution #5206

47 Inventory Troubleshooting Techniques Query on Adjustment Reason Maintenance Verify that inventory account is not tied to a reason code Check vendor record to verify the inventory account is not listed as a purchase account Verify that the correct inventory account is listed in the asset field in Item Maintenance Use fast edit

48 Inventory Value for S Disposition Items If you are using special costing for S disposition items be sure to use a separate account for those items The special cost of the inventory translates into a special cost of goods when the inventory is sold If the inventory is not sold (customer cancels the order or wants less than ordered), the value of the S disposition item updates FIFO or MAC Regular inventory account is debited and the special inventory account is credited

49 Inventory in Vessel and Container Vessel Debit: inventory in vessel account (material value plus landed cost) Credit: inventory in transit Credit: landed cost clearing Container Debit: inventory asset account assigned to the item (inventory in vessel value plus landed cost with an application point of container receipts) Debit: inventory in transit Credit: inventory in vessel Credit: landed cost clearing

50 Inventory Rebuild Optional Recalculate inventory quantities Perform when no one is on the system

51 Inventory Rebuild

52 Inventory Rebuild Save will update item quantities (remember, not all items can be updated via save) Some items will have to be manually fixed Items that track bins, lots or serial numbers Report will provide details of the item and the differences. Will not provide transaction numbers

53 Balance Unvouchered POs Material Receipts that have not been converted to a Payable Balance the Unvouchered PO Report to the Inventory Receipts Clearing account Balance the Unvouchered Requisition PO Report to the Requisition Clearing Account Balance the Unvouchered Landed Cost Report to the Landed Cost Clearing Account Clearing accounts are setup in System Setup > System > Company Maintenance > Inventory tab

54 Inventory Receipts Clearing The following transactions affect the Inventory Receipts Clearing account: PO Receipts Convert PO to Voucher Inventory Return Shipping Convert Inventory Return to Voucher Reverse Vouchers Direct Shipments

55 Balance Unvouchered POs General Ledger Postings Material Receipt Account Inventory Inventory Receipts Clearing Account Impact Debit Credit

56 Balance Unvouchered POs General Ledger Postings Convert PO to Voucher Account Accounts Payable Inventory Receipts Clearing Account Impact Credit Debit

57 Balance Unvouchered POs Include Unvouchered Inventory Returns

58 Balance Unvouchered POs Accounts Payable > Reports > Unvouchered PO Report CANNOT go back in time with this report

59 Balance Unvouchered POs General Ledger Postings Create Inventory Return Account Inventory Inventory Receipts Clearing Account Impact Credit Debit

60 Balance Unvouchered POs General Ledger Postings Convert Inventory Return to Voucher Account Accounts Payable Inventory Receipts Clearing Account Impact Debit Credit

61 Unvouchered PO Report Compared to GL # 1 Reason why the Unvouchered PO Report does not tie to GL is reversed vouchers that are reentered The inventory receipts clearing account is never cleaned up when reversing a voucher Report needs to be run at month end on the accounting database (backup of live)

62 Removing Unvouchered POs Vouch at 0 quantity Amount will post to the quantity variance account You may need to journal the quantity variance to another account Software Support Solution #13775

63 Landed Cost When PO is received with Landed Cost Account Inventory Asset Landed Cost Clearing Account Impact Debit Credit

64 Unvouchered Landed Cost

65 Reconcile Bank Statement Bank Reconciliation Worksheet

66 Reconcile Bank Statement Bank Reconciliation Worksheet

67 Reconcile Bank Statement

68 Reconcile Bank Statement

69 Reconcile Bank statement

70 Reconcile Cash

71 Reconcile Cash Detail

72 Reconcile Disbursements Reconcile checks from bank statement

73 Reconcile Disbursements

74 Reconcile Disbursements Accounts Payable > Reports > Outstanding Disbursements

75 Reconcile Deposits Print all deposit slips for the month Accounts Receivable/Reports/Deposit Slips

76 Reconcile Cash Default = Year/Month/day Bank Number Lockbox #

77 Reconcile Cash Was it a go-live issue? Software Support Solution #5206

78 Check your Sales

79

80 Check your Sales Taxes Accounts Receivable > Reports > Sales Tax

81 Sales Tax

82 Sales Tax Totals do NOT represent total sales for the month

83 Helpful Reports Unconfirmed Pick Ticket Report These possibly could be invoiced Order Line Item Detail Check orders past their required date Open Orders Check any orders on hold Open RMA Report Expired RMA s could be canceled

84 Helpful Reports Open PO Report Expedite or cancel Inactive Item Report Do we have stock in those items? Ship-to Fast Edit Find customers without tax groups

85 General Ledger Postings Payroll, Insurance.

86 Post Repetitive Journal Entries Review entry, make necessary changes, then save to post

87 Trial Balance Out of Balance Make sure no prior years are open Reopen to the open year and close again Run the Trial Balance, if still out of balance you may need to rebuild GL balances

88 GL Postings Accounts Receivable Bad Debt Write Off: Dr: revenue (account is pulled from Customer Maintenance) Cr: AR Bad Debt Recovery (also works the same as a Debit Memo in AR): Dr: AR Cr: revenue

89 Run Financials Setup involved We have canned Chart of Accounts and Financial Statements

90 Closing a Month It is not mandatory to close the month until the year close

91 Closing a Month Always keep Period 13 closed

92 Closing a Month Can NOT post to closed periods Periods can be reopened and closed At any time As many times as needed

93 Closing a Year All periods must be closed A year can be closed at any time.

94 Closing a Year System automatically calculates retained earnings Posted to period 13 Retained earnings posted each time a year is closed

95 Create New Fiscal Year

96 Create New Demand Year Create new Demand Year? May be on calendar when you are on fiscal

97 Create New Demand Year

98 Summary Balancing AP and AR Balancing Inventory Month End Reports Closing a Month and Year Creating a new Fiscal and Demand Year

99 For More Information Prophet 21 Help Files Visit Activant on the web: distribution.activant.com View Educational Services course offerings Browse Documentation Search the Solutions database Submit a Support case Professional Services Sales:

Activant Prophet 21. Month/Year End Processing

Activant Prophet 21. Month/Year End Processing Activant Prophet 21 Month/Year End Processing This class is designed for System Administrators Operation Managers Accounting Managers Objectives Suggested month end and year end procedures This course

More information

Pentagon 2000 Software. Month End Closing Procedures. Version 8.0

Pentagon 2000 Software. Month End Closing Procedures. Version 8.0 PENTAGON2000 Software, Inc. QUICK REFERENCE GUIDE Pentagon 2000 Software Month End Closing Procedures Version 8.0 Pentagon 2000 Software, Inc. 15 West 34 th Street 5th Floor New York, NY 10001 Important:

More information

Activant Prophet 21. More Voucher Creation

Activant Prophet 21. More Voucher Creation Activant Prophet 21 More Voucher Creation This class is designed for Accounts Payable personnel Objectives Adjust Vouchers through Debit/Credit Memo Entry Perform Reverse Vouchers Establish a Recurring

More information

Activant Prophet 21. Getting Started with Voucher Creation

Activant Prophet 21. Getting Started with Voucher Creation Activant Prophet 21 Getting Started with Voucher Creation This class is designed for Accounts Payable personnel in charge of Manual Voucher Creation, Convert PO to Voucher, and Pre-Pay Vouchers. Overview

More information

Once you have completed this topic, you will be able to create and verify opening balances for Business Partners.

Once you have completed this topic, you will be able to create and verify opening balances for Business Partners. 1. SAP BUSINESS ONE FINANCIALS SAP Business One Accounting Overview This course will give you an overview of the accounting features in SAP Business One. Start Using Financials Navigate the chart of accounts

More information

Activant Prophet 21. Manual Invoice Creation and Adjustment

Activant Prophet 21. Manual Invoice Creation and Adjustment Activant Prophet 21 Manual Invoice Creation and Adjustment This class is designed for.. Accounts Receivable personnel in charge of manual invoice creation and invoice adjustments or maintenance Objectives

More information

Activant Prophet 21. Preparing for Go Live

Activant Prophet 21. Preparing for Go Live Activant Prophet 21 Preparing for Go Live This class is designed for System Administrators Go Live Team Accountants Objectives Load General Ledger accounts Enter inventory counts Enter open Accounts Receivables

More information

Activant Prophet 21. Understanding Check Generation

Activant Prophet 21. Understanding Check Generation Activant Prophet 21 Understanding Check Generation This class is designed for Accounts Payable personnel involved with cash disbursements/check printing Objectives Generate a Cash Requirements Report Generate

More information

Sage Accpac ERP 5.6A What's New (Extracted Version)

Sage Accpac ERP 5.6A What's New (Extracted Version) Sage Accpac ERP 5.6A What's New (Extracted Version) Changes and New Features in System Manager Easier and more efficient program installation and activation. A new License Manager that lets you maintain

More information

ACCPAC FUNDAMENTALS. 1. It offers powerful analysis and reporting tools for accounting, finance, and auditing endusers

ACCPAC FUNDAMENTALS. 1. It offers powerful analysis and reporting tools for accounting, finance, and auditing endusers ACCPAC FUNDAMENTALS A. FEATURES OF ACCPAC SYSTEM ACCPAC System The ACCPAC for Windows Series is a Windows accounting software, which provides a comprehensive business management solution for corporate

More information

Microsoft Dynamics SL

Microsoft Dynamics SL Microsoft Dynamics SL 2015 Year-End Close Procedures The information contained herein is the property of MIG & Co. and may not be copied, used or disclosed in whole or In part to any third party except

More information

Closing Accounting Periods Delivered Basis

Closing Accounting Periods Delivered Basis Page 1 of 5 Month-End Closing Overview Two programs require a minimal month end closing procedure. These are the: Inventory Control System Accounts Payable Module Please be sure to make a complete backup

More information

Perfect Financial & Accounting Management System

Perfect Financial & Accounting Management System Perfect Financial & Accounting Management System Perfect is a comprehensive financial management System(Bi-lingual) Arabic & English that performs the fundamental financial of the ERP system. It includes

More information

Activant Prophet 21. Getting Started with PO Receipts and Inventory Adjustments

Activant Prophet 21. Getting Started with PO Receipts and Inventory Adjustments Activant Prophet 21 Getting Started with PO Receipts and Inventory Adjustments This class is designed for Inventory personnel who participate in inventory receipts and adjustments Objectives Generate PO

More information

Alphabetical TrulinX Program List

Alphabetical TrulinX Program List Alphabetical TrulinX Program List Agent Order Commission Receipt by Sales Rep Report Agent Order Commission Receipt Report Adjust FMD Process Agent Orders Agent Order Line Maintenance Agent Order Maintenance

More information

PENTAGON2000 Software, Inc.

PENTAGON2000 Software, Inc. 1 Accounting Introduction PENTAGON2000 Software, Inc. The Pentagon Financials is an Accrual Based accounting system, by which every Sale or Purchase flows via Accounts Receivable and Accounts Payable.

More information

How to Configure the Initial Settings in SAP Business One

How to Configure the Initial Settings in SAP Business One SAP Business One How-To Guide PUBLIC How to Configure the Initial Settings in SAP Business One Applicable Release: SAP Business One 8.8 European Localizations English July 2009 Table of Contents Introduction...

More information

User Acceptance Testing (UAT) Plan Financial Management

User Acceptance Testing (UAT) Plan Financial Management User Acceptance ing (UAT) Plan Financial Management Overview The purpose of this document is to outline the process and protocol for a critical stage of your Tyler implementation project. User Acceptance

More information

IBackOffice 7.3 Release Notes IBackOffice Global

IBackOffice 7.3 Release Notes IBackOffice Global IBackOffice 7.3 Release Notes IBackOffice Global New Features 1 Change Company 2 Security Groups 2 Explorer Views 3 Zoom in Report Parameters Window 3 Accounts Payable 3 Accounts Receivable 5 General Ledger

More information

Month End Closing Procedures

Month End Closing Procedures Month End Closing Procedures Overview Throughout the month journal entry transactions are created by processing of accounts payable, accounts receivable, billing, cash receipts, etc. The following is a

More information

Month End Closing Procedures

Month End Closing Procedures Overview: Month End Closing Procedures Throughout the month journal entry transactions are created by processing of accounts payable, accounts receivable, billing, cash receipts, etc. The following is

More information

Basic Accounting Option

Basic Accounting Option Basic Accounting Option This document provides an overview of the Basic Accounting Option, explains how to set it up, and provides directions for using Accounts Payable, General Ledger, and Check Reconciliation.

More information

v10.5 Enhancements List

v10.5 Enhancements List General System Changes Business Rules The Options & Interfaces functionality from each application has been moved to a centralized System Manager function called Business Rules. Forms Control You can now

More information

Welcome to the course on the working process across branch companies.

Welcome to the course on the working process across branch companies. Welcome to the course on the working process across branch companies. In this course we will review the major work processes across branch companies. We will start with the intercompany trade process.

More information

W508 Manufacturer Rep Order Processing

W508 Manufacturer Rep Order Processing W508 Manufacturer Rep Order Processing Pre-requisites: None Prophet 21 version 11.0 includes new functionality that allows distributors to efficiently process orders as manufacturer rep sales. The feature

More information

Advanced Accounting Software & Secure Internet Solutions. Visit us at Security Objects Definitions. Reference Manual

Advanced Accounting Software & Secure Internet Solutions. Visit us at   Security Objects Definitions. Reference Manual Advanced Accounting Software & Secure Internet Solutions Visit us at www.dpro.com Security Objects Definitions Reference Manual Version 7.3 Information in this document is subject to change without notice

More information

Summit A/P Voucher Process

Summit A/P Voucher Process Summit A/P Voucher Process Copyright 2010 2 Contents Accounts Payable... 4 Accounts Payable Setup... 5 Account Reconcile Protection.... 5 Default Bank Account... 5 Default Voucher Method - Accrual Basis

More information

CALENDAR & FISCAL YEAR END CLOSING PROCEDURES

CALENDAR & FISCAL YEAR END CLOSING PROCEDURES CALENDAR & FISCAL YEAR END CLOSING PROCEDURES MICROSOFT DYNAMICS GP RELEASES GP 2013, GP 2015 and GP 2016 Date: 11/30/17 Page 1 CONTENTS CALENDAR & FISCAL YEAR END CLOSING PROCEDURES... 1 General Tips

More information

Sage 500 ERP Sample Reports. Thursday, January 26, 2017

Sage 500 ERP Sample Reports. Thursday, January 26, 2017 Sage 500 ERP 2017 Sample Reports Thursday, January 26, 2017 2017 The Sage Group plc or its licensors. All rights reserved. Sage, Sage logos, and Sage product and service names mentioned herein are the

More information

Sage 500 ERP 2016 Sample Reports

Sage 500 ERP 2016 Sample Reports Sage 500 ERP 2016 Sample Reports This is a publication of Sage Software, Inc. Copyright 2015 Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service names mentioned

More information

Reports. REFERENCE QUICK GUIDE Acumatica ERP 6.1

Reports. REFERENCE QUICK GUIDE Acumatica ERP 6.1 Reports REFERENCE QUICK GUIDE Acumatica ERP 6.1 Contents 2 Contents Copyright... 3 Customer Management Reports... 4 Project Reports... 6 Time and Expenses Reports... 7 General Ledger Reports... 8 Cash

More information

transactions, 298 transfers, 237 vendors, 223 entering bills, 174 payments, 201 addresses, Company Information,

transactions, 298 transfers, 237 vendors, 223 entering bills, 174 payments, 201 addresses, Company Information, index A accepting credit cards, 358-359 license agreements, 27 access files, 369 firewalls, 23 Access importing, 49 integration, 3, 363-365 accountant reviews, 306-307 files creating journal entries, 316

More information

Year End Closing Procedures for. Microsoft Dynamics GP. Martin & Associates

Year End Closing Procedures for. Microsoft Dynamics GP. Martin & Associates Year End Closing Procedures for 2017 Microsoft Dynamics GP Martin & Associates Table of Contents Year-End Closing procedures in Inventory Control in Microsoft Dynamics GP... 3 Inventory year-end closing

More information

MICROSOFT DYNAMICS GP RELEASES GP 2013, GP 2015, GP 2016, AND GP 2018

MICROSOFT DYNAMICS GP RELEASES GP 2013, GP 2015, GP 2016, AND GP 2018 MICROSOFT DYNAMICS GP RELEASES GP 2013, GP 2015, GP 2016, AND GP 2018 Table of Contents Page 2 Contents GENERAL TIPS AND REMINDERS... 1 Backups... 1 Timing... 1 History... 2 File maintenance (Optional)...

More information

SAGE ACCPAC. Sage Accpac ERP. Converting from Simply Accounting by Sage

SAGE ACCPAC. Sage Accpac ERP. Converting from Simply Accounting by Sage SAGE ACCPAC Sage Accpac ERP Converting from Simply Accounting by Sage 2008 Sage Software, Inc. All rights reserved. Sage Software, Sage Software logos, and all Sage Accpac product and service names are

More information

Sage Accpac ERP 5.6A. What's New

Sage Accpac ERP 5.6A. What's New Sage Accpac ERP 5.6A What's New 2009 Sage Software, Inc. All rights reserved. Sage, the Sage logos, and all Sage Accpac product and service names mentioned herein are registered trademarks or trademarks

More information

Table of Contents. QuickBooks 2018 Chapter 2: Working with Customers 21. QuickBooks 2018 Chapter 1: Introducing QuickBooks Pro 1

Table of Contents. QuickBooks 2018 Chapter 2: Working with Customers 21. QuickBooks 2018 Chapter 1: Introducing QuickBooks Pro 1 Table of Contents Preface UNIT 1: ESSENTIAL SKILLS QuickBooks 2018 Chapter 1: Introducing QuickBooks Pro 1 Presenting QuickBooks Pro 2 Editions of QuickBooks 2 Determining the Edition 2 Types of Tasks

More information

SAP Business One. A Single System to Streamline Your Entire Business

SAP Business One. A Single System to Streamline Your Entire Business SAP Business One A Single System to Streamline Your Entire Business LBSi Whistle Stop Tour Regional SAP User Group Meeting 1. Welcome Introductions 2. Kick-off to SAP Business One User Group is Whistle

More information

Sage ERP Accpac 6.0A. What's New

Sage ERP Accpac 6.0A. What's New Sage ERP Accpac 6.0A What's New Copyright 2011 Sage Software, Inc. All rights reserved. Sage, the Sage logos, and all Sage ERP Accpac product and service names mentioned herein are registered trademarks

More information

Infor Distribution SXe Content for. Enterprise General Topics

Infor Distribution SXe Content for. Enterprise General Topics Infor Distribution SXe 11.0 Enterprise General Topics Setups 1. Customer Inquiry 2. Product Availability Inquiry 3. Product Inquiry 4. Sales Order Search - Customer Does Not Know Order Info 5. Sales Order

More information

Microsoft Dynamics GP2010 Inventory Year-End Closing Checklist

Microsoft Dynamics GP2010 Inventory Year-End Closing Checklist Microsoft Dynamics GP2010 Inventory Year-End Closing Checklist Inventory Control Year End Closing What happens when I close the year on Dynamics GP 2010? Transfers all summarized current-year quantity,

More information

End of Month Processing

End of Month Processing End of Month Processing Ver 040510 Overview: Each of the MAS accounting modules, excluding Bill of Lading, Packaging, Custom Office, Library Master and Report Master require a closing process at or near

More information

SAP Business One User Type License Comparison SAP Business One Support: (813)

SAP Business One User Type License Comparison SAP Business One Support: (813) SAP Business One User Type License Comparison SAP Business One Support: (813) 321-1305 There are 4 types of user licenses available for SAP Business One: Professional User, Limited CRM, Limited Logistics,

More information

Activant Prophet 21 Overview of version 11.0 New Features: Sales and Operations

Activant Prophet 21 Overview of version 11.0 New Features: Sales and Operations Activant Prophet 21 Overview of version 11.0 New Features: Sales and Operations 11.0 New Features suite Course 1 of 3 This class is designed for Sales Managers Production Managers Customer Service Personnel

More information

Accounting Made SIMPLE. Denver 2009

Accounting Made SIMPLE. Denver 2009 Accounting Made SIMPLE Denver 2009 Introductions CAN versus SHOULD System Modules Accounts Receivable - Close happens on the last day of the month. Only one AR period can be open at a time. Accounts Payable

More information

Month End Closing Best Practices

Month End Closing Best Practices Month End Closing Best Practices CRGroup Connections 2017 Agenda: Common Challenges Typical Month End Steps Reconciliations How to automate the process with GP Brief Demonstration Questions Common Challenges

More information

1. What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company?

1. What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company? QuickBooks Online Practice Test (with answers) 1. What lists can be imported from Excel spreadsheets, when setting up a QuickBooks Online company? A) Locations, Classes, Products and Services, and Vendors

More information

Innovations in Business Solutions. Diploma in Accounting and Payroll. Accounting and Payroll I Week 1 to 11

Innovations in Business Solutions. Diploma in Accounting and Payroll. Accounting and Payroll I Week 1 to 11 Program Course Duration Diploma in Accounting and Payroll 33 weeks Accounting and Payroll I Week 1 to 11 Introduction to Accounting Fundamentals of Accounting Basic concepts of recording journal entry

More information

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES Module Functionality Professional Limited CRM Limited Logistics Limited Financials Administration Create New Company Full Full Administration Choose

More information

PeopleSoft PO BILLING--> Peoplesoft FSCM Course Content details

PeopleSoft PO BILLING--> Peoplesoft FSCM Course Content details Peoplesoft FSCM Course Content details BILLING--> Maintain customers Enter bills online Create consolidated bills Work with billing interfaces Create recurring bills Copy a group of bills Research bills

More information

Activant Prophet 21 Preparing for Data Conversion

Activant Prophet 21 Preparing for Data Conversion Activant Prophet 21 Preparing for Data Conversion Data Conversion suite Course 2 of 2 This class is designed for Acclaim and XL customers migrating to Prophet 21 System Administrators or the main contact

More information

PROCEDURES AND PAPERFLOW

PROCEDURES AND PAPERFLOW PROCEDURES AND PAPERFLOW I. Purchasing A. Purchase Orders 3 1. Special Orders 3 2. Stock Order 3 3. Printing 3 4. Monitoring 4 5. Acknowledging 4 II. Inventory Movement 5 A. Inventory Receiving Worksheet

More information

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES Module Functionality Professional $3,154 Limited CRM $1,666 Limited Limited Financials Logistics $1,666 $1,666 Administration Create New Company

More information

New for 2009! Detecting and Correcting with the Client Data Review Feature

New for 2009! Detecting and Correcting with the Client Data Review Feature Chapter 17 New for 2009! Detecting and Correcting with the Client Data Review Feature Introduction: Features and Benefits Starting a Client Data Review Customizing the Client Data Review Center Account

More information

Scrap Dragon to QuickBooks Interface Revised 10/2/14

Scrap Dragon to QuickBooks Interface Revised 10/2/14 Scrap Dragon to QuickBooks Interface Revised 10/2/14 General Scrap Dragon is designed so that accounting data can be passed electronically to QuickBooks. This is a one-way transfer and no information from

More information

Overview. Who Should Use This Chapter. Flexible Account Structure. General Ledger

Overview. Who Should Use This Chapter. Flexible Account Structure. General Ledger Overview The General Ledger (GL) maintains all aspects of your business accounting process. It contains the primary financial data from which all the financial reports are prepared. Who Should Use This

More information

SAP FICO Course Content

SAP FICO Course Content Introduction to SAP R/3 Introduction to ERP, Advantages of SAP over other ERP Packages Introduction to SAP R/3 FICO Financial Accounting Basic Settings: Definition of company Definition of company code

More information

Sage 100 ERP 2015 What s New

Sage 100 ERP 2015 What s New Sage 100 ERP 2015 What s New Global Enhancements Migration Changes If you are converting data for a company using the Purchase Order module, a message appears asking if you want to retain purchase order

More information

Brokers Plus Modules &

Brokers Plus Modules & Brokers Plus System Features 1 Brokers Plus Modules & Brokers Plus System Features 2 Functions Brokers Plus System Features 3 Brokers Plus Modules & Functions... 1 1 CRM / Project Mgmt - cptracker Enterprise...

More information

Activant Prophet 21. Bins and Multiple Bins

Activant Prophet 21. Bins and Multiple Bins Activant Prophet 21 Bins and Multiple Bins This class is designed for Inventory personnel in charge of tracking inventory by bins and maintaining bin accuracy Objectives Determine how system settings affect

More information

QUICKBOOKS PRO 2009 WORKSHOP 5: PART A MARS COMPANY

QUICKBOOKS PRO 2009 WORKSHOP 5: PART A MARS COMPANY QUICKBOOKS PRO 2009 WORKSHOP 5: PART A MARS COMPANY Recording Transactions in the Sales, Receive Pay Bills, Purchases, and Pay Bills Journals This workshop adds to QuickBooks skills learned in Workshops

More information

Activant Prophet 21 Version 12.0: Order Area New Features

Activant Prophet 21 Version 12.0: Order Area New Features Activant Prophet 21 Version 12.0: Order Area New Features New Features Suite Course 2 of 5 This class is designed for Sales managers System Administrators Objectives Discuss v12.0 Order Area new features

More information

Oracle ERP Cloud Period Close Procedures

Oracle ERP Cloud Period Close Procedures Oracle ERP Cloud Period Close Procedures Release 13 O R A C L E W H I T E P A P E R A U G U S T 2 0 1 7 Table of Contents Introduction 8 Chapter 1 Period Close Dependencies 9 Chapter 2 Subledger Accounting

More information

Activant Prophet 21. Version 12.3 Overview of Prophet 21 New Features

Activant Prophet 21. Version 12.3 Overview of Prophet 21 New Features Activant Prophet 21 Version 12.3 Overview of Prophet 21 New Features This class is designed for Managers System Administrators Objectives Miscellaneous New Features Add an Item to a Closed PO Improved

More information

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES

LICENSE COMPARISON CHART FOR SAP BUSINESS ONE USER TYPES Administration Create New Company Full Full Administration Choose Company Full Full Full Full Full Full Administration Exchange Rates and Indexes Full Full Full Administration System Initialization Full

More information

OVERVIEW OF SAP BUSINESS ONE LICENSE USER TYPES LICENSE COMPARISON CHART

OVERVIEW OF SAP BUSINESS ONE LICENSE USER TYPES LICENSE COMPARISON CHART OVERVIEW OF SAP BUSINESS ONE LICENSE USER TYPES LICENSE COMPARISON CHART The following chart details the access rights for the various SAP user licenses in the SAP Business One software. This chart is

More information

QUICKBOOKS PRO 2008 WORKSHOP 5: PART A MARS COMPANY

QUICKBOOKS PRO 2008 WORKSHOP 5: PART A MARS COMPANY QUICKBOOKS PRO 2008 WORKSHOP 5: PART A MARS COMPANY Recording Transactions in the Sales, Receive Pay Bills, Purchases, and Pay Bills Journals This workshop adds to QuickBooks skills learned in Workshops

More information

Sage 500 ERP Year-end Closing Procedures

Sage 500 ERP Year-end Closing Procedures Sage 500 ERP Year-end Closing Procedures The following tips and tricks will help you get ready to close out the old year (2017) in Sage 500 and ring in the New Year (2018)! First a word of caution about

More information

Updates and Program Enhancements For DBA Classic &

Updates and Program Enhancements For DBA Classic & The enhancements, fixes and updates described below are available to users of DBA Classic version 2002.4 or 2004.1. All the features described work in the DBA Classic environment and do not require Evo-ERP.

More information

Chapter 2 (new version)

Chapter 2 (new version) Chapter 2 (new version) MULTIPLE CHOICE 1. An agreement between two entities to exchange goods or services or any other event that can be measured in economic terms by an organization is a) give-get exchange

More information

Accounts Receivable Reference and Maintenance E-Docs: System Information

Accounts Receivable Reference and Maintenance E-Docs: System Information Accounts Receivable Reference and Maintenance E-Docs: System Information Table of Contents Overview... 1 Document Layout... 2 Edit System Information Tab... 3 Edit Object Codes Tab... 3 Edit University

More information

Welcome to the topic on purchasing items.

Welcome to the topic on purchasing items. Welcome to the topic on purchasing items. 1 In this topic, we will perform the basic steps for purchasing items. As we go through the process, we will explain the consequences of each process step on inventory

More information

80219: Financials I in Microsoft Dynamics AX 2012

80219: Financials I in Microsoft Dynamics AX 2012 Let s Reach For Excellence! TAN DUC INFORMATION TECHNOLOGY SCHOOL JSC Address: 103 Pasteur, Dist.1, HCMC Tel: 08 38245819; 38239761 Email: traincert@tdt-tanduc.com Website: www.tdt-tanduc.com; www.tanducits.com

More information

Feature List. Freight.Ware for LTL Carriers. Included Features: 1 P a g e

Feature List. Freight.Ware for LTL Carriers. Included Features: 1 P a g e Freight.Ware for LTL Carriers Included Features: Explorer Style menu system Menu-Level Security SQL Server 2005 / 2008 based Full-charge integrated Accounting Management Information Center ProMiles / Milemaker

More information

MONTH END CLOSING INSTRUCTIONS FOR ACTUALS LEDGER

MONTH END CLOSING INSTRUCTIONS FOR ACTUALS LEDGER MONTH END CLOSING INSTRUCTIONS FOR ACTUALS LEDGER Revised by Financial Operations 05/20/2009 Month End Closing Instructions for ACTUALS Ledger CONTENTS: OVERVIEW 3 HELP 5 DETERMINING IF A BUSINESS UNIT

More information

Sage 50 Accounts. Virtual Training Modules and Module Content

Sage 50 Accounts. Virtual Training Modules and Module Content Sage 50 Accounts Virtual Training Modules and Module Content Table of Contents 1. Accounts Year End 4 2. Bank Reconciliation 4 3. Bank Transactions 5 4. Bill of Materials 5 5. Credit Control 6 6. Customer

More information

Sage 50 Premium Accounting 2014 Level 1

Sage 50 Premium Accounting 2014 Level 1 Courseware 1615 Sage 50 Premium Accounting 2014 Level 1 Course Description This is an introduction to accomplishing basic accounting tasks using Sage 50 Premium Accounting 2014. Students will begin with

More information

Prophet 21 Faspac. Maintaining and Operating Prologic GL3000

Prophet 21 Faspac. Maintaining and Operating Prologic GL3000 Prophet 21 Faspac Maintaining and Operating Prologic GL3000 This class is designed for New users who are required to perform daily and monthly operations of General Ledger Overview: GL3000 Double entry

More information

Visual EstiTrack. Understanding Inventory Reconciliation (Supplement) November 2005

Visual EstiTrack. Understanding Inventory Reconciliation (Supplement) November 2005 Visual EstiTrack Understanding Inventory Reconciliation (Supplement) November 2005 OVERVIEW: Methods of Reconciling Inventory Values Most companies that maintain raw material, work in process and finished

More information

Activant SDI Daily Transactions and Balancing your INVALUE report to the General Ledger

Activant SDI Daily Transactions and Balancing your INVALUE report to the General Ledger Activant SDI Daily Transactions and Balancing your INVALUE report to the General Ledger Balancing Your INVALUE Report to your GL suite course 2 of 3 This class is designed for Accountants or Bookkeepers

More information

License comparison chart for SAP Business One

License comparison chart for SAP Business One PUBLIC License comparison chart for SAP Business One Starter Package Edition Professional Edition Module Functionality Starter Package User Professional Limited Limited (CRM) (Logistics) Limited (Financials)

More information

Accounts Payable Release 2015

Accounts Payable Release 2015 Accounts Payable Release 2015 Disclaimer This document is provided as-is. Information and views expressed in this document, including URL and other Internet Web site references, may change without notice.

More information

Abila MIP Fund Accounting

Abila MIP Fund Accounting Page 1 Fund Accounting Feature Compare Make an informed decision when you choose your fund accounting system. Use this checklist during your evaluation of Fund Accounting. Write in the names of up to two

More information

Activant Prophet 21 Service and Maintenance: Preparing For and Processing Service Orders

Activant Prophet 21 Service and Maintenance: Preparing For and Processing Service Orders Activant Prophet 21 Service and Maintenance: Preparing For and Processing Service Orders Service and Maintenance suite: course 1 of 3 This class is designed for New and existing customers who process service

More information

Solutions from SAP. SAP Business One 2007 A 2007 B 2007 A SP01. Tips for Year-End Closing. Also applies to SAP Business One 8.8 PUBLIC.

Solutions from SAP. SAP Business One 2007 A 2007 B 2007 A SP01. Tips for Year-End Closing. Also applies to SAP Business One 8.8 PUBLIC. PUBLIC Solutions from SAP SAP Business One 2007 A 2007 B 2007 A SP01 December 2009 English Also applies to SAP Business One 8.8 Contents Introduction... 4 Timing Constraints... 5 Preparation... 6 Checks...

More information

Sage 50 Premium Accounting 2017 Level 1

Sage 50 Premium Accounting 2017 Level 1 Courseware 1665 Sage 50 Premium Accounting 2017 Level 1 Course Description This is an introduction to accomplishing basic accounting tasks using Sage 50 Premium Accounting 2017. Students will begin with

More information

ProfitMaker to ASI Smartbooks Report Cross References

ProfitMaker to ASI Smartbooks Report Cross References ProfitMaker to ASI SmartBooks Report Cross Reference Table of Contents ProfitMaker to ASI Smartbooks Where Do I Find?: Open Orders Report 3 Book/Billed Order Comparison 3 Order Costing Report 3 Monthly

More information

Activant Prophet 21. RMA Processing and Inventory Returns

Activant Prophet 21. RMA Processing and Inventory Returns Activant Prophet 21 RMA Processing and Inventory Returns This class is designed for Employees who take customer returns Employees who enter inventory returns Objectives for RMAs Enter an RMA in the RMA

More information

MICROSOFT DYNAMICS GP INVENTORY YEAR-END CLOSING PROCEDURES

MICROSOFT DYNAMICS GP INVENTORY YEAR-END CLOSING PROCEDURES INVENTORY YEAR-END CLOSING PROCEDURES Use the procedure described in this section to close the year for Inventory Control and prepare your inventory records for the new fiscal year. There is no calendar

More information

COURSE RECOMMENDATION BY ROLE

COURSE RECOMMENDATION BY ROLE COURSE RECOMMENDATION BY ROLE Contents Courses and Learning Path Recommendations by Role... 3 AP/AR/Finance... 3 Accounts Payable... 3 Account Receivable... 5 Finance... 8 Customer Service... 10 Production

More information

Call: Peoplesoft Financial Course Content:35-40hours Course Outline PURCHASE ORDER

Call: Peoplesoft Financial Course Content:35-40hours Course Outline PURCHASE ORDER Peoplesoft Financial Course Content:35-40hours Course Outline PURCHASE ORDER Overview of Purchasing Purchasing Table setup Establishing a PO Business unit Creating a PO Business unit Purchasing processing

More information

Now you have even more reasons to love Sage Accpac ERP over 267 of them, in fact.

Now you have even more reasons to love Sage Accpac ERP over 267 of them, in fact. 267 NEW FEATURES Now you have even more reasons to love Sage Accpac ERP over 267 of them, in fact. The 5.4 release of Sage Accpac delivers 267 new features you ve been asking for plus a sophisticated,

More information

Activant Prelude. Entering Vendor Claims and Warranty Replacements

Activant Prelude. Entering Vendor Claims and Warranty Replacements Activant Prelude Entering Vendor Claims and Warranty Replacements This class is designed for Purchasing agents Operations managers Administration Management Anyone who handles vendor returns Objectives

More information

ClubConnect Accounts Payable Understanding Invoice and Check Types for Easy Processing

ClubConnect Accounts Payable Understanding Invoice and Check Types for Easy Processing ClubConnect Accounts Payable Understanding Invoice and Check Types for Easy Processing Webinar Topics Invoices... 3 Special Invoice Situations... 3 Prepaid Invoices... 3 Reciprocal Club Invoices... 8 Invoices

More information

Question: 1 Which four statements are true about modifying a payment batch? (Choose four.)

Question: 1 Which four statements are true about modifying a payment batch? (Choose four.) Question: 1 Which four statements are true about modifying a payment batch? (Choose four.) A. You can create a zero-amount payment for a supplier site. B. You can remove all invoices for a particular supplier

More information

Finance Month End. Deltek Maconomy Deltek, Inc. Deltek proprietary, all rights reserved.

Finance Month End. Deltek Maconomy Deltek, Inc. Deltek proprietary, all rights reserved. Finance Month End Deltek Maconomy Copyright Information While Deltek has attempted to make the information in this document accurate and complete, some typographical or technical errors may exist. Deltek,

More information

IT HUNTER SOLUTIONS SAP FICO

IT HUNTER SOLUTIONS SAP FICO IT HUNTER SOLUTIONS Contact No - +1 9099998808 Email ID ithuntersolutions@gmail.com SAP FICO Introduction to SAP R/3 Introduction to ERP, and S.A.P What is S.A.P / R/2-R/3 ARCHITECTURE S.A.P Server landscape

More information

AIMS Version 6.3. Feature presentation

AIMS Version 6.3. Feature presentation AIMS Version 6.3 Feature presentation AIMS System 6.3 Standard overlay forms all forms are laser ready with your logo New E-Commerce module on-line ordering from your web page Dashboard rewrite of company

More information

Course 80534A Finance Essentials in Microsoft Dynamics NAV 2013

Course 80534A Finance Essentials in Microsoft Dynamics NAV 2013 Course 80534A Finance Essentials in Microsoft Dynamics NAV 2013 Duration: 2 days ILT About this Course This two-day course provides students with the tools to set up the financial management application

More information

COURSE RECOMMENDATION BY PROCESS/WORKFLOW

COURSE RECOMMENDATION BY PROCESS/WORKFLOW COURSE RECOMMENDATION BY PROCESS/WORKFLOW Disclaimer Copyright 2019 by IQMS All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means,

More information