This class is designed to help anyone who is new to processing Accounts Payable (Payables Management) through Microsoft Dynamics GP. The class starts with a review of the basic settings in Payables Management and Posting and how this affects day-to-day transaction processing. We will also go over tips for navigation (setting up your homepage, toolbar, shortcuts, and using Navigation Lists). 

Core Agenda:

• Vendors and Vendor Classes

• Payables Transaction Entry: (Invoices, Credit Memos, etc.)

• Setting up Batches for Payables Transactions

• Payment Options:

• Entering and Paying at the same time

  1. Payment Batches – Checks, EFT, Credit Card

  2. Manual Payments

• Reviewing and Posting Batches

• How to review the Edit List

  1. What is “Batch Recovery” and how to fix transactions with errors.

• Payables Reports

• Trial Balance (Aging)

  1. Cash Requirements

• Navigation Lists (Great for former QuickBooks users)

• How to customize Navigation Lists

  1. Using the Actions Pane to quickly create transactions

  2. How to run reports for specific Vendors using the Navigation List

• Maintaining Records

• Vendor and Transaction Holds

  1. Editing Transaction Information

  2. Voiding Open and Historical Transactions

  3. Deleting vs. Inactivating Vendors

• Inquiries, SmartLists and Excel Report

• Month and Year-End Closing

• Period/Month End Checklist

  1. Year-End Checklist

  2. Processing 1099s

Preparation: Please bring a Windows PC to class for the Academy hands-on training environment.