Purchasing and Inventory

Cost:
$450 for the first attendee,
$400 for each additional company memberDates:
None currently scheduled

Time:
9 a.m. to 5 p.m.

Where:
LAI Training Room
7440 E. 6th Ave.
Suite 100
Scottsdale, AZ 85251

Need more info?
Email | 480.423.8300

Who:
This 1-day class is for clients who implement and handle routine processing tasks in the Purchasing and Inventory modules. Typical attendees include purchasing agents, managers and data entry operators.

Content:
One day of hands-on experience with basic processing tasks and repetitive setup options that affect ongoing workflow, such as setting up items, entering purchase orders, receipts, and invoices.

Credit:
CPAs successfully completing this course will receive a CPE certificate.

Prerequisites:
A familiarity with Microsoft Windows. We encourage clients to familiarize themselves with the software prior to attending. Also, those needing information about other modules may take Setup or Workflow.

Course Outline
Setup

  • File Locations, Custom Descriptions
  • User Settings and Security
  • Item Class, Location
  • Item Master Setup
  • Data Folder Settings
  • Standard Text
  • Add-Ons
  • Price Lists
  • Return Codes
  • Retainage Codes
  • Vendor Terms
  • Receipt Delivery Conditions
  • Vendor Alternative Addresses
  • Inventory Stock Accounts
  • Quick Bill Interface Settings
  • Inventory Journals
 Purchasing Workflow

  • Purchase Order Entry
  • Requisitions
  • Change Order Entry
  • Committing Pending Orders
  • Closing Orders
  • Sending Orders to Job Cost
  • Receipt Entry and Posting
  • Invoice Entry and Posting
  • Return Authorizations
  • Sending Invoices to Accounts Payable
  • Purchasing Reports, Inquiries
  • Moving to History; Import/Export
 Inventory Workflow

  • Enter Receipts, Issues, Transfers
  • Post Receipts, Transfers
  • Reserve and Post Issues
  • Update from Billing
  • Physical Inventory: Prepare, Enter, Post
  • Send Inventory Costs to Job Cost
  • Inventory Reports, Inquiries
  • File Tools, Import Issues