General Ledger

Microsoft Dynamics GP General Ledger concentrates heavily on setting up the parameters that control how financial information is kept and the flow of data from subsidiary modules to the General Ledger. It also covers processing and posting journal entries, inquiries and reports. The General Ledger course is a half-day session.

Topics will include:

Introduction

Setup

  • Setup General Ledger;
  • Setup Account Categories;
  • Setup Account Segment;
  • Setup Fiscal Periods.

Posting Setup

  • Posting Setup;
  • Posting Accounts Setup;
  • Source Documents Setup;
  • Audit Trail Setup.

Create and Maintain Chart of Accounts

  • Four Types of Account Codes;
  • Posting Account
  • Unit Account
  • Fixed Allocation Account
  • Variable Allocation Account
  • Deleting an Account;
  • Inactivating an Account.

Transaction History

  • General Entry;
  • Standard
  • Reversing
  • Copy a Journal Entry
  • Correct a Journal Entry
  • Clearing Entry;
  • Quick Journal Entry;
  • Printing an Edit List.

Utilities

  • Reconcile to General Ledger (for Payables Management and Receivables Management);
  • Reconcile;
  • Allocation Accounts
  • Year
  • Batches
  • Remove Transactions.

Month End

  • Post all transactions;
  • Reconcile;
  • Bank
  • Accounts Receivable
  • Accounts Payable
  • Print a trial balance;
  • Print financial statements;
  • Close fiscal periods;
  • Make a backup.