Fall 2005 Customer Conference
Session: Financials - Training and Frequent Issues
User Group: La Crosse Nextgen™
Program Date: Friday, October 21, 2005
Program Hours: 8:30-10:30 a.m.
Location: Conference Room: Grey Wolf A, Great Wolf Lodge
This session is designed to show you procedures for reconciling cash books, allocating your general ledger account into multiple accounts, setting up and running repeating and reversing journal entries, reconciling AP and PO pending invoices, and billing service contracts in advance to have the income recognized over a period of time instead of in one accounting month.
In this session, you will learn...
How to reconcile your bank statements for bank charges or service charges
Allocation or distribution of funds from your general ledger to multiple GL accounts
How to create general ledger journal worksheet records in repeating or reversing mode
How to calculate unearned revenue or deferred income in contracts
Cash book reconciliation
Reconcile both cleared and uncleared (outstanding) checks and deposits in the system
Enter bank charges or service charges
Clear journal entries that are equal to and including the statement date.
GL allocation, repeating and reversing journal entries
Set up repeating or reversing journal entry templates to be used for future purposes
Create automatic repeating journal entries for standing back orders, direct debits/credits, and monthly prepayments
Create automatic reversing journal entries for accrued monthly expenses and uninvoiced purchases
AP/PO pending reconciliation
Clear pending purchase orders that have been received but not fully invoiced
How to enter AP invoices against purchase orders in order to close them
Unearned or deferred contract revenue
Using the unearned contract revenue report
Using the monthly contract billing report to spot areas of deferred income
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Great Wolf Lodge
1400 Great Wolf Drive
Wisconsin Dells, WI 53965
800-559-WOLF
http://dells.greatwolflodge.com
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