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F100 Financial Basics 2020 R2

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F100 Financial Basics 2020 R2 Financials F100 Financials: Basic Training Guide Last Revision: 10/30/2020 Acumatica ERP 2020 R2 | Contents | 2 Contents Copyright............................................................................................................................... 6 How To Use This Course........................................................................................................7 Company Story.................................................................................................................... 10 Part 1: Basic Company Configuration.................................................................................. 11 Lesson 1.1: Configuration of a Company Without Branches............................................. 11 Company Without Branches: General Information..................................................... 11 Company Without Branches: To Configure a Company Without Branches...................... 13 Lesson 1.2: Configuration of the General Ledger........................................................... 14 General Ledger: Actual Ledger................................................................................15 General Ledger: To Create an Actual Ledger............................................................. 15 General Ledger: Chart of Accounts.......................................................................... 16 General Ledger: To Create a Chart of Accounts......................................................... 17 General Ledger: To Specify General Ledger Preferences............................................. 18 General Ledger: Financial Years.............................................................................. 19 General Ledger: To Define a Financial Year...............................................................20 Lesson 1.3: Configuration of Cash Management............................................................ 21 Cash Management: To Specify Cash Management Preferences.....................................21 Cash Management: Entry Types.............................................................................. 22 Cash Management: To Create an Entry Type.............................................................23 Cash Management: Cash Accounts.......................................................................... 24 Cash Management: To Create Cash Accounts............................................................24 Cash Management: Payment Methods......................................................................26 Cash Management: To Modify a Payment Method...................................................... 26 Lesson 1.4: Configuration of Credit Terms.................................................................... 27 Credit Terms: General Information.......................................................................... 27 Credit Terms: To Define Credit Terms...................................................................... 28 Lesson 1.5: Configuration of Accounts Payable.............................................................. 29 Accounts Payable: Vendor Classes........................................................................... 29 Accounts Payable: To Create a Vendor Class.............................................................29 Accounts Payable: To Specify Accounts Payable Preferences........................................31 Lesson 1.6: Configuration of Accounts Receivable.......................................................... 32 Accounts Receivable: Statement Cycles....................................................................32 Accounts Receivable: To Create a Statement Cycle.................................................... 32 Accounts Receivable: Customer Classes................................................................... 33 Accounts Receivable: To Create a Customer Class..................................................... 33 Accounts Receivable: To Specify Accounts Receivable Preferences................................35 Part 2: General Ledger—Working with Batches................................................................... 37 Lesson 2.1: Managing Control Accounts....................................................................... 37 Control Accounts: General Information.................................................................... 37 Control Accounts: Process Activity...........................................................................39 Lesson 2.2: Processing Transactions............................................................................ 42 GL Transactions: General Information...................................................................... 42 | Contents | 3 GL Transactions: Mass-Processing........................................................................... 45 GL Transactions: Process Activity............................................................................ 46 GL Transactions: Related Reports and Inquiries.........................................................48 Lesson 2.3: Reversing Transactions............................................................................. 49 Reversing Transactions: General Information............................................................ 49 Reversing Transactions: Generated Transactions........................................................52 Reversing Transactions: Process Activity...................................................................52 Reversing Transactions: Reports and Inquiries.......................................................... 54 Lesson 2.4: Reclassifying Transactions......................................................................... 54 Reclassifying Transactions: General Information........................................................ 54 Reclassifying Transactions: Generated Transactions....................................................58 Reclassifying Transactions: Process Activity.............................................................. 58 Reclassifying Transactions: Reports and Inquiries...................................................... 61 Lesson 2.5: Adjusting Transactions.............................................................................. 61 Adjusting Transactions: General Information.............................................................61 Adjusting Transactions: Generated Transactions........................................................ 64 Adjusting Transactions: Process Activity................................................................... 64 Adjusting Transactions: Reports and Inquiries........................................................... 66 Lesson 2.6: Splitting Transactions................................................................................66 Splitting of Transactions: General Information...........................................................67 Splitting of Transactions: To Split a GL Transaction.................................................... 70 Splitting of Transactions: Reports and Inquiries.........................................................72 Lesson 2.7: Processing Recurring Transactions.............................................................. 73 Recurring Transactions: General Information.............................................................73 Recurring Transactions: Mass-Processing.................................................................. 75 Recurring Transactions: Process Activity...................................................................76 Recurring Transactions: Reports and Inquiries...........................................................79 Part 3: Accounts Payable Process........................................................................................80 Lesson 3.1: Configuring Vendors................................................................................. 80 Vendors: General Information................................................................................. 80 Vendors: Implementation Activity............................................................................81 Vendors: Related Reports and Inquiries....................................................................83 Lesson 3.2: Configuring Non-Stock Items.....................................................................84 Non-Stock Item: General Information...................................................................... 85 Non-Stock Item: Implementation Activity.................................................................87 Non-Stock Item: Related Forms.............................................................................. 88 Lesson 3.3: Processing AP Bills................................................................................... 89 AP Bills: General Info............................................................................................ 89 AP Bills: Generated Transactions............................................................................. 93 AP Bills: Mass Processing and Document Consolidation.............................................. 93 AP Bills: Process Activity........................................................................................ 93 AP Bills: Related Reports and Inquiries.................................................................... 96 Lesson 3.4: Paying AP Bills.........................................................................................96 AP Bill Payments: General Information.....................................................................97 | Contents
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