Accounting for Non-Accountants

Thu, 07/17/2014 - 9:00am
Location / More information: 


Knowledge Management Series

Topic: Accounting for Non-Accountants

Cost: $295

The course is geared towards those who are new to xTuple, perhaps in the early stages of an implementation, and those who have been using xTuple for some time. Users with some accounting knowledge including bookkeepers may also find the review of basic accounting principles useful and will benefit from the section devoted to xTuple accounting configuration and operations.

  • What is accounting?
  • Why is accounting important?
  • Why is accounting important in ERP?
  • Who is involved in the accounting process in an integrated business?
  • What are the basic account types?
  • What is a debit and a credit?
  • What are the debits and credits throughout the entire order to cash flow process?
  • What is a trial balance and how is it derived?
  • What is the purpose of the different financial statements?
  • Where does activity post and how is it reported?
  • Other concepts such as:
    • Costing, Standard, Average and Job Cost
    • Manufacturing Accounting
    • Subledger
  • Specifically for xTuple:
    • What is the core setup?
    • How are accounting periods defined?
    • How are general ledger accounts created?
    • What are the ways to post journal entries?
    • What are the basics of general ledger account mappings?
    • How is a payable processed from voucher to check?
    • How is a receivable processed from invoice to cash receipt?
    • How are financial reports generated?

Every xTuple Training qualifies for continuing professional education (CPE) credits with the National Association of State Boards of Accountancy (NASBA).

CPE: 6 Credits