Summary
About this Course
The one-day Microsoft Dynamics GP Bank Reconciliation course explores the accounting cycle and the processes that are required to manage cash receipts, cash disbursements, and other transactions that affect checkbook balances. This course shows how to perform the reconciliation process. This guarantees accuracy of your financial data and its relation to your financial institution.
A thorough understanding of these topics enables 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 before performing the reconciliation process, and how to use the Checkbook Register report, which may be printed at any time. This course also teaches you how to define default values that automatically populate data fields and collect the information that you must have to make better business decisions by exploring powerful inquiry and lookup functions.
Audience Profile
This course is intended for customers who want to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Microsoft Dynamics GP Bank Reconciliation.
Bank Reconciliation training is recommended for anyone who plans to implement, use, maintain, consult, or support Microsoft Dynamics GP. The class is targeted toward data entry clerks, administrators; office managers, CEOs, and consultants who have to understand the technical aspects of Bank Reconciliation and gain foundational knowledge of the application functionality.
At Course Completion
After completing this course, students will be able to:
• Customize the setup of Bank Reconciliation to fit their business needs.
• Perform all Bank Reconciliation related data entry functions. This includes bank transactions, bank deposits, and bank transfers.
• Perform maintenance on Bank Reconciliation documents and records such 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, such as incorrect posting date or incorrect document amounts.
• Perform the bank reconciliation process.
Prerequisites
Before attending this course, students must have:
•General knowledge of Microsoft Windows
•Basic knowledge of accounting principles
Course Outline
Module 1: Overview and Setup Procedures
This module 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 setup procedures for the Bank Reconciliation module, and the options available to customize this module to reflect the way your organization does business. The module also covers entering beginning balances for each checkbook in preparation for suing the Bank Reconciliation module.
Lessons
• Features and Benefits
• Bank Reconciliation Setup
• Checkbook Maintenance
• Transfer Existing Checkbooks to Bank Reconciliation
Lab : Overview and Setup Procedures
• Bank Reconciliation Setup
• Checkbook Setup
After completing this module, students will 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.
• Customize settings for the Bank Reconciliation module.
• Set up checkbooks.
• Transfer existing checkbooks to Microsoft Dynamics GP to begin using the Bank Reconciliation module.
Module 2: Daily Procedures
This module 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 module explains how each type of transaction may update the cash balance in the General Ledger, the checkbook balance in Bank Reconciliation, or both.
Lessons
• Transaction Types in Bank Transaction Entry
• Enter Checks, Withdrawals, and Adjustments
• Enter Receipt Transactions
• Miscellaneous Checks
• Bank Transfer Entry
• Deposits with Receipts
• Deposits without Receipts
• Clear Unused Receipts
Lab : Daily Procedures
• Entering an Outstanding Check
• Entering a Check Transaction
• Entering a Cash Receipt
• Printing a Check
• Entering a Bank Transfer
• Entering a Deposit with Receipts
• Entering a Deposit without Receipts
After completing this module, students will be able to:
• Enter the different types of cash transactions in Bank Reconciliation.
• Print checks for miscellaneous items in Bank Reconciliation.
• Enter bank transfers.
• Enter and post deposits.
Module 3: Reconcile Bank Statements
This module examines the steps that are required to reconcile a checkbook to the 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.
Lessons
• Reconcile Bank Statements
• Selecting Bank Transactions
• Enter Adjustments and Reconcile
Lab : Reconcile Bank Statements
• Reconciling a Checkbook
After completing this module, students will be able to:
• Reconcile a checkbook to the bank statement.
• Enter adjustments for miscellaneous transactions such as service charges or interest earned.
• Account for cleared differences between the checkbook and the bank.
• Print Reconciliation Preview reports.
Module 4: Maintaining Records
This module examines the functionality available to maintain Bank Reconciliation records. The process to void transactions, transfers, and deposits is covered in detail. Time is spent discussing the procedure for changing and deleting records. How to remove historical information from Microsoft Dynamics GP and the effects of removing this history is demonstrated. Time is also spent discussing the inquiry windows and reports that can be generated from the Bank Reconciliation module.
Lessons
• Voiding Transactions
• Deleting Checkbooks
• Removing History
• Using Inquiries
• Report Options and Printing
• Report Groups
• Report List
Lab : Maintaining Records
• Removing History
After completing this module, students will 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.
Module 5: Appendix: Job Aids
This appendix includes job aids that are used in Bank Reconciliation. There is also a quiz to help evaluate what topic areas may need to be revisited.
Module 6: Appendix: Case Study
This case study is a comprehensive lab that can be used to reinforce the learning that occurred throughout the Bank Reconciliation class. |
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