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Payables Management in Microsoft Dynamics GP - 80573

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Fee:  $595

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Payables Management in Microsoft Dynamics GP - 80573 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.

The one-day Microsoft Dynamics GP Payables Management course examines the accounting cycle and the processes required to enter vendor invoices and process checks. This course also shows you how to perform additional functions such as adjustments, prepayments, month-end closing, and cash flow control.

A thorough understanding of these topics allows for capitalizing on vendor discount dates to reduce accounts payable liabilities and easily select the right vouchers for payment by date, vendor, number, or custom query to control cash outlay. This course also provides guidance on how to define default values that automatically populate data fields and how to gather the information needed to make better business decisions by exploring powerful inquiry and lookup functions.

Audience Profile
This course is intended for customers wanting to learn the basic features and to develop a working knowledge of the typical day-to-day procedures required to effectively use Microsoft Dynamics GP Payables Management. The class is targeted toward data entry clerks, administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Payables Management and gain foundational knowledge of the application functionality.

Before attending this course, students must have:
A working knowledge of Microsoft Windows
Knowledge of basic accounting principles

At Course Completion
After completing this course, students will be able to:
Set up Payables Management and identify the customizable options available in the setup windows.
Perform all Payables Management related data entry functions including vendor invoicing, check processing, recurring vouchers, and manual checks.
Select documents for payment and make appropriate adjustments to payment amounts prior to check processing.
Correct input errors using the Edit Transaction Information window.
Perform maintenance on Payables Management documents and other records such as vendors and recurring invoices.
Understand the steps and requirements to void checks and invoices.
Use inquiries or print reports to verify data and perform financial analysis for audit trail purposes.
Identify the impact of Payables Management on other areas of Microsoft Dynamics GP.

Course Outline

Module 1: Overview and Setup Procedures
This module discusses the necessary setup options to start using Payables Management in Microsoft Dynamics GP. It discusses the general setup windows, and also key record setups including vendors and vendor classes.
Features and Benefits
Payables Management Setup
Payables Setup Options
Vendor Class Maintenance
Vendor Class Accounts Setup
Vendor Maintenance
Vendor Maintenance Options
Vendor Address Maintenance
Vendor Account Maintenance
Beginning Balances
Vendor History
Lab : Payables Management Setup
Lab : Setting up a New Vendor Class
Lab : Setting up a New Vendor

Module 2: Daily Procedures
This module explains the different types of transactions that can be entered in Payables Management. Transactions discussed include invoices, credit memos, debit memos and scheduled payment invoices.
Batch Entry
Payables Transaction Entry
Scheduled Payments Entry
Post Scheduled Payments
Lab : Enter an Invoice
Lab : Enter and Pay an Invoice
Lab : Enter a Credit Memo
Lab : Payables Scheduled Payments

Module 3: Entering Payments
This module explains how to enter payments made to vendors. It discusses entering manual payments and generating checks to pay vendors.
Payables Manual Payment Entry
Computer Checks - Select Checks
Edit Payables Checks
Edit Payables Check Batches
Print and Post Checks
Apply Payables Documents
Batch Recovery
Lab : Manual Payments, Credit Card
Lab : Manual Payments, Enter a Prepayment
Lab : Select Checks
Lab : Edit Payables Checks; Adding a Payment
Lab : Edit Payables Checks; Removing a Vendor/Voucher
Lab : Printing and Posting Checks
Lab : Applying Payables Documents

Module 4: Intercompany Transactions
This module discusses the capabilities and use of intercompany transactions in Payables Management.
Define Intercompany Relationships
Enter Intercompany Transactions
Post Intercompany Transactions in General Ledger
View Intercompany Transactions in Inquiry

Module 5: Maintaining Records
This module focuses on how to manage vendor relationships and the transaction data that you collect from purchasing transactions. Also included in this module is information about reporting and inquiry on vendors and transactions that are associated with purchasing.
Vendor and Transaction Holds
Void Open Payables Transactions
Void Historical Transactions
Edit Payables Transactions
Change or Delete Vendor Records
Remove History
Use Inquiries
Report Options and Printing
Report Groups
Lab : Transaction Holds
Lab : Void an Open Transaction
Lab : Void a Historical Transaction
Lab : Edit Transaction Information
Lab : Delete a Vendor
Lab : Remove History

Module 6: Period-End Procedures
This module discusses period-end closings and the recommended steps that must be completed at each closing. Many of the steps are optional.
Closing a Period
Close the Calendar Year
Close the Fiscal Year
Lab : Close Fiscal Periods
Lab : Year-End Closing
View outline in Word


Attend hands-on, instructor-led Payables Management in Microsoft Dynamics GP - 80573 training classes at ONLC's more than 300 locations. Not near one of our locations? Attend these same live classes from your home/office PC via our Remote Classroom Instruction (RCI) technology.

For additional training options, check out our list of Dynamics Courses and select the one that's right for you.


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