Synopsis

This course provides you with an overview of the Accounts Receivable module and how it interacts with the other available Solomon IV modules including General Ledger, Cash Manager and Order Management. You will experience hands-on learning of invoicing, payment receipt, small balance write-off and statement processing. Methodology for troubleshooting errors and verifying data entry using Solomon IV reports will be taught.

At Course Completion

After completing this course, students will be able to:

• To perform all accounts receivable related data entry functions including:
  • customer invoice maintenance
  • customer payment application
  • recurring invoices
     
• To perform maintenance on accounts receivable documents, and other records such as customer records and recurring invoices
   
• How to apply payments and pre-payments to customer balances or against specific invoices 
   
• To print standard Solomon IV reports to verify data entry, audit trail purposes and financial analysis
   
• How to identify the impact of the Accounts Receivable module on other Solomon IV modules
   
• How to troubleshoot and correct operator input errors including:
  • Incorrect period to post
  • Incorrect document amounts or dates
  • Incorrect or unneeded documents
     
• Perform month end procedures including aging customer documents, closing the statement cycle and printing customer statements