TheĀ Microsoft Dynamics GP Project Accounting course explores project management from an accounting perspective. This course teaches you how to create Contracts, Projects, and Cost Categories, and budget.
The Microsoft Dynamics GP Project Accounting course explores project management from an accounting perspective. This course teaches you how to create Contracts, Projects, and Cost Categories, and budget.
You also learn how to enter costs for projects and perform both Time & Materials and Progress Billing and revenue recognition. During this class, we discuss nearly every feature in the Project Accounting module.
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.
Chapter 1: Overview and System Setup
The purpose of this chapter is to give students a general overview of the features and benefits of using the Project Accounting module in an integrated environment. It also focuses on the integration of this module with other modules in the Microsoft Dynamics GP application. In addition, the chapter presents a holistic view of the Project Accounting suite.
Main Topics
After completing this chapter, students should be able to:
Chapter 2: Project Accounting Setup
This chapter focuses on the procedures for setting up Project Accounting. We examine in detail the options available to set up this module to reflect the way your organization does business. Time is spent discussing the benefits of using different setup options. You must set up users, default account sources, each of the cost transaction type, and Billing Setup. Once your Project Accounting setup has been completed, you can start to use the Project Accounting module.
Main Topics
Billing Notes & Reports
Lab: Project Setup
Lab: Billing Setup
Chapter 4: Contracts and Projects
Time is spent discussing the benefits of using different Project Types and Accounting Methods. You create Contracts, Projects, and budgets to track the information crucial to your company. Once your Project Accounting set up has been defined, there are many reports available to document the selected preferences.
Main Topics
After completing this chapter, students should be able to:
Chapter 5: Transaction Entry
The purpose of this chapter is to define the ways that transactions can be entered and posted in Project Accounting. You explore the difference types of Project Accounting transactions. In addition you must demonstrate posting implications for other Microsoft Dynamics GP modules from Project Accounting and learn the differences between Standard and References transactions. Entering timesheets, employee expenses, equipment logs, and miscellaneous logs is covered in this chapter.
Main Topics
Chapter 6: Purchasing and Inventory
This chapter covers purchasing and inventory transactions in project accounting. The concepts in this chapter are a continuation of the previous chapter on transaction entry.
Main Topics
Chapter 7: Billing and Revenue Recognition
This chapter examines the creation of billing invoices and revenue recognition. Once costs have been incurred against a project billing invoices are created. This chapter discusses how time & material projects recognize revenue differently from fixed price and cost plus type projects.
Main Topics
Chapter 8: Maintaining Records
This chapter examines the processes that are completed at the end of the month, period, calendar, and fiscal year. This chapter focuses on the errors that may cause Project Accounting to be out of balance with the General Ledger.
Main Topics
After completing this chapter, students should be able to:
Appendix A: Job Aids
This appendix includes a variety of job aids that may be useful for regular users of project accounting.
Main Topics
Appendix B: Case Study
This case study is a comprehensive lab that can be used to reinforce the learning that has occurred throughout the Project Accounting class. The Case Study is generally completed by students on their own after class.
Main Topics
After completing this appendix, students should be able to:
PREREQUISITES:
Before attending this course, students must have:
Benefits:
After completing this course, students should be able to:
Audience:
People who would like to learn features and procedures required to effectively use Microsoft Dynamics GP Project Accounting. Project Accounting 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, and consultants who need to understand the tec
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