GL/Financial Management
User Group: La Crosse Nextgen™
Program Dates: 09/18/07—09/21/07
Location: La Crosse Management Systems, La Crosse, WI
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Day 1
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9:00 a.m.—5:00 p.m.
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Core tables, record setup, and file maintenance
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Day 2
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9:00 a.m.—5:00 p.m.
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Daily activities and working with the grid
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Day 3
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9:00 a.m.—5:00 p.m.
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Reporting and system manager utilities
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Day 4
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9:00 a.m.—12:00 p.m.
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Review, followup, and questions
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This seminar is designed to show you procedures for viewing and printing financial statements, 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 use Nextgen Financial Statements and daily financial briefs
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
Using financial statements and financial briefs
Discover the features and benefits of creating balance sheets and income statements with Nextgen Financial Statements (also known as Income Statement 7)
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
Learn how to effectively use GL import for maximum automation
How to set up and benefit greatly from using Unit Concatenation
Set up repeating or reversing journal entry templates to be used for future purposes, direct debits/credits, and monthly prepayments
Create automatic reversing journal entries for accrued monthly expenses
AP/PO pending reconciliation
Learn how to properly close AP and AR and effectively perform end of month procedures
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
How to bill service contracts in advance and recognize the revenue over a period of time
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