This course consists of five parts, each part providing a set of lessons that illustrate the basic financial management processes in a midsize company.
Part 1 illustrates the basic operations in the general ledger and guides you through the process of creating and posting GL batches.
Part 2 deals with the accounts payable process and guides you through creating AP bills, payments, prepayment, and checks.
Part 3 deals with the accounts receivable process and guides you through creating AR invoices, credit memos, illustrates how to prepare customer statements.
Part 4 illustrates the process of reconciling a cash account with a bank statement, which is a preparation step for period-end procedures.
Part 5 explains how to close, lock, unlock, and reopen financial periods and illustrates how to generate a financial calendar for a new financial year.