Inventory Control in Microsoft Dynamics GP 2010 (80229)

Module 1: Overview and SetupThis chapter introduces you to the Microsoft Dynamics GP Inventory Control module, and the screens and processes that are used to complete the accounting cycle in Inventory. This chapter focuses on the windows used to set up Inventory Control.Lessons

• Course Description
• Module Overview
• Process Flow
• Inventory Setup
• Unit of Measure
• Price Levels
• Price Groups

Lab : Overview and Setup

• Inventory Control Setup
• Unit of Measure Schedule Setup
• Price Level Setup
• Price Group Setup
• Lot Category Setup
• Stock Calendar Setup

After completing this module, students will be able to:

• Understand the goals of this training course
• See how the Inventory Control module fits into the suite of available modules for the Microsoft Dynamics GP system
• Set up default system parameters throughout the Inventory Control module

Module 2: Item and Pricing SetupThis chapter examines how to set up items and item pricing in Microsoft Dynamics GP Inventory Control. Item parameters are defined at the individual item level and optionally at the item class level. Since each item class typically contains many items, the amount of data entry work required to set up each item can be drastically reduced by defining the parameters at the item class level and then rolling down those options to each item in the class.  This training reviews all of the options that can be maintained at the item class and item number levels. Kit items are also examined, along with item quantities, item purchasing options, vendor and customer item options, item sites, item stock count cycles, and item price lists.Lessons

• Item Class Setup
• Item Maintenance
• Item Accounts
• Item Price Lists
• Item Quantities
• Item Purchasing Options
• Item Vendors Maintenance
• Item Kits
• Site Maintenance
• Item Stock Count Cycles
• Customer Item Maintenance
• Beginning Quantities
• Item History

Lab : Item and Pricing Setup

• Item Class Setup
• Accounts Setup
• Site Maintenance
• Item Maintenance
• Item Price List
• Item Quantities/Sites Maintenance
• Item Site Default Bins
• Item Quantity Stock Count
• Item Purchasing Options
• Item Vendor Maintenance
• Customer Items

After completing this module, students will be able to:

• Personalize Inventory Control using the various Inventory setup windows
• Add Item Classes, Items, Price Lists, and Item Sites
• Set up item codes and characteristics to better track items and inventory throughout the system
• Set up inventory sites and bins
• Enter Beginning balances
• Create customer and vendor specific item information

Module 3: Daily ProceduresThis chapter introduces the main Inventory Control transaction screens. An inventory transaction is processed whenever an inventory item's quantity or cost information changes. Through this training, you examine how to record issues and returns, adjust quantities and costs, and move items from site to site and bin to bin. You review the processes by which Inventory Control transactions are released to the General Ledger depending on your posting setup. You also examine the methods available for performing physical inventory counts, the steps involved in completing a full physical inventory, and the options available for selecting items to include in cycle counts.Lessons

• Transaction Entry Overview
• Posting Overview
• Inventory Batch Entry
• Adjustment and Variance Transactions
• Item Transfers
• Bin Transfer Entry
• In-Transit Transfer
• Stock Count Scheduling
• Stock Count Entry

Lab : Daily Procedures

• Increase Adjustment
• Variance Transaction
• Transfer Transaction
• In-Transit Transaction
• Stock Count Schedule
• Stock Count Entry

After completing this module, students will be able to:

• Differentiate between Batch posting and Transaction Posting
• Enter Inventory Transactions (posting to General Ledger), Inventory Transfers, and Inventory Variances
• Create Stock Count Schedules
• Enter Stock Counts
• Transfer items

Module 4: Editing and Removing RecordsThis chapter examines the process of editing records after they have been saved or posted. This includes making cost, valuation, and price adjustments to existing items in your system. This training addresses which records can be deleted and/or removed from the system if the user desires, along with the detail retention and deletion options that support this function. This training also reviews the inquiry screens and reports that support the Inventory Control module.  Lessons

• Change and Delete Records
• Reconcile
• Adjust Costs
• Change Valuation Methods
• Change Decimal Places
• Price List Utilities
• Remove History
• Remove Bins
• Purge In-Transit Transfer
• Using Inquiry Windows
• Reports
• Report Lists

After completing this module, students will be able to:

• Change Valuation Methods, Costs, and Prices of existing items
• Remove Bins
• Delete Item records
• Remove Historical Data
• Use the Inventory Control inquiry screens and reports to retrieve and analyze inventory data

Module 5: Period-End ProceduresThis chapter examines the process of closing an accounting period and the fiscal year for the Inventory Control module. The steps necessary to complete each phase of the closing process are discussed for both period and fiscal year-end close. The reports that should be printed before performing the closing process are reviewed. This chapter also examines what actually takes place during the closing process and the approaches that an organization may use for this process.Lessons

• Period-End Procedures
• Year-End Closing Procedures

After completing this module, students will be able to:

• Complete the processes that are performed at the end of an accounting period
• Complete the processes that performed at the end of a fiscal year
• Perform the Year-end closing process for Inventory Control