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General Ledger in Microsoft Dynamics GP - 80572

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Fee:  $595

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General Ledger in Microsoft Dynamics GP - 80572 Course Outline

Version Details
This course is designed for customers who are interested in learning Microsoft Dynamics GP 2018. It not only covers the features in Dynamics GP 2018, but also the important capabilities of Dynamics GP in general.

This course explores the accounting cycle and the processes required to enter financial data into the system. It covers how to set up general ledger accounts, enter general ledger transactions, and post the transactions. This course also shows how to perform additional functions such as account reconciliation, budgeting, allocation, period-end procedures and year-end closing procedures.

Audience Profile
This course is intended for customers and partners that want to learn the basic features and understand the typical day-to-day procedures of General Ledger. The class is targeted toward data entry clerks, administrators, office managers, CEO's, accountants, and consultants who need to understand the technical aspects of Microsoft Dynamics GP General Ledger and understand how to use it in accordance with the rest of the system

Before attending this course, students must have:
General experience using Microsoft Windows
Basic understanding of accounting principles
Attend the Introduction to Microsoft Dynamics GP course or have some basic knowledge of Microsoft Dynamics GP

At Course Completion
After completing this course, students will be able to:
Customize General Ledger settings
Set up a chart of accounts including posting, unit and allocation accounts
Enter and post transactions using transactional or batch posting methods
Perform key inquiries and print reports in General Ledger
Maintain records in General Ledger
Print financial statements and other key reports to manage a business
Complete period and year-end procedures

Course Outline

Module 1: Overview and Setup
This module provides a general overview of the features and benefits of using General Ledger in an integrated environment and focuses on how General Ledger integrates with other functional areas in the Microsoft Dynamics GP application. This module also focuses on the setup procedures and different types of accounts in General Ledger, and how to define budgets for accounts using Microsoft Dynamics GP or Microsoft Excel.
Features and Benefits
General Ledger Setup
Account Categories
Posting Account Setup
Unit Account Setup
Fixed Allocation Account Setup
Variable Allocation Account Setup
Account Segment Setup
Mass Modify Chart of Accounts
Define the Retained Earnings Account
Set Up Budgets
Budget Maintenance
Combining Budgets
Quick Journal Setup
Transaction Matching Setup
Entering Beginning Balances
Lab : Enter a Posting Account
Lab : Enter a Unit Account
Lab : Enter a Fixed Allocation Account
Lab : Enter a Variable Allocation Account
Lab : Account Segment Setup
Lab : Mass Modify Chart of Accounts
Lab : Create a Blank Budget in Excel
Lab : Importing a Budget from Excel
Lab : Quick Journal Setup

Module 2: Daily Procedures
This module defines the ways that transactions can be entered and posted in General Ledger. It explores the difference between transaction level and batch level posting, and the methods for posting batches. It also demonstrates how to use clearing entries to transfer the balance of an account that is no longer being used to another account.
Batch Entry
Transaction Entry
Calculate Taxes in General Ledger
Clearing Transaction Entry
Budget Transaction Entry
Quick Journal Entry
Linking Transactions
Batch Recovery
Lab : Transaction Entry, Unit Accounts
Lab : Transaction Entry, Allocation Accounts
Lab : Transaction Entry, Recurring Transactions
Lab : Clearing Entry
Lab : Budget Transaction Entry
Lab : Quick Journal Entry

Module 3: Additional Functionality
This module examines how to use Multidimensional Analysis, Intercompany functionality and set up Organizational Structures to use account security.
Multidimensional Analysis Groups and Codes
Assign Analysis Groups to Accounts
Multidimensional Analysis Transactions
Define Intercompany Relationships
Entering Intercompany Transactions
Organizational Structures Setup
Define Organizational Relationships
Assign User Classes to the Organizational Structure
Assign Users to the Organizational Structure
Assign a Range of Accounts to the Organizational Structure
Assign an Individual Account to the Organizational Structure
Activating Account Security
Lab : Multidimensional Analysis
Lab : Organizational Structure Setup
Lab : Organizational Tree Setup
Lab : Organizational Structure, User Setup
Lab : Organizational Structure, Mass Assignment

Module 4: Maintaining Records
This module examines the functionality available to maintain General Ledger records. There is a lesson that focuses on correcting posted entries as well as changing and deleting account records. Information about the reconcile features in General Ledger are discussed, including the capability of reconciling to other sub-ledgers. Inquiries and reports are also discussed in this module.
Correcting a Posted Transaction
Change, Inactivate, and Delete Account Records
Reconcile to GL
Remove History
Archive Matched Transactions
Account Rollups
Using Inquiries
Report Options and Printing
Report Groups
Report List

Module 5: Period-End Closing
This module examines the process of closing an accounting period and the fiscal year. The steps necessary to complete each phase of the closing process are discussed for the end of a period as well as a fiscal year. The module also looks at financial statements typically printed at the end of periods. Time is spent examining what actually takes place during the closing process and the two approaches that an organization may use for this process.
Period-End Closing
Year-End Closing
Quick Financial Statements
Printing Financial Statements
Advanced Financial Analysis
Lab : Quick Financial Setup
Lab : Quick Financial, Report Options

View outline in Word


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