F335 Value-Added Taxes (CPE)

For information on CPE credits, please see the Continuing Professional Education section.

Audience: This webinar is intended for financial consultants who implement basic processes of managing value-added taxes functionality of Acumatica ERP.

Acumatica ERP Experience Required: at least 3-6 months

Who Should Attend (relationship to Acumatica):

• Partners who implement Acumatica ERP basic processes of managing value-added taxes for customers.
• Professionals who want to learn Acumatica ERP.

Acumatica ERP version: 2023 R1

Training Description: This webinar illustrates the basic processes of managing value-added taxes functionality of Acumatica ERP as well as the configuration that underlies this processing.

Training Syllabus: The program is covered over three days as follows:

• Day 1: Configuring Value-Added Taxes and Processing Documents with Value-Added Taxes. By attending this webinar, you will gain an understanding of how to create a tax agency for tax reporting purposes, create and release an AP bill containing a VAT, create and process a debit adjustment that contains a VAT, and create and process a sales order with value-added taxes applied to the order line and freight charge.
• Day 2: Preparing a Tax Report for VAT and Configuring and Applying Withholding Taxes. As part of this webinar, you will learn how to create a cash entry in Acumatica ERP and automatically apply taxes to it. You will also learn how to set up a tax paid directly to the tax agency, create a tax bill, process taxable purchases, and prepare AP documents with expense and direct-entry tax lines. Aside from preparing a tax report, releasing the tax report, and closing the tax period, you will be able to configure a withholding tax, prepare a revised tax report, pay the AP bill, and process a taxable transaction using the new tax.
• Day 3: Adjusting VAT for Early Payments and Configuring and Applying VAT Variations. The webinar sessions will conclude with instructions on preparing a taxable invoice, processing payments within the cash discount period, creating a credit memo to adjust VAT amounts, configuring the content of a tax report for multiple variations of value-added tax, and defining the rules for the accumulation of data within the report lines. Additionally, we will learn how to process AP bills with partially deductible VAT. Moreover, you will learn how to review partially deductible VAT on the tax report, prepare a tax report containing the reverse VAT, process an AP bill with reverse VAT applied to it, prepare a tax report that includes reverse VAT, handle an AR invoice with a pending VAT, process partial payments for the invoice, recognize the pending output VAT, prepare and release a tax report, and reconcile the balance of the Pending Tax Payable account in the general ledger and the tax subledger.

Date and time: This training meets the following three times, and attendees are expected to attend all sessions:

• Wed, July 19, 2023 10:00 AM - 11:30 AM PT
• Thu, July 20, 2023 10:00 AM - 11:30 AM PT
• Fri, July 21, 2023 10:00 AM - 11:30 AM PT

Registration URL: https://webinar.ringcentral.com/webinar/register/5216872761444/WN_P0p51BZ6Q8uceAvz25Jq5A

*To provide a cloud instance for attendees, we need to generate a registration report and perform some activities to deploy the instance and send out the credentials. All this takes time and we have to do it several hours before the webinar. So we highly recommend not leaving the registration up to the last minute of the webinar start. Everyone who registers after 6 AM PT of Day 1 session will not receive the link to the cloud instance and credentials for it and will have to attend a webinar in a view-only format.

Partner Certification: This webinar is based on the materials of the F335 Value-Added Taxes 2023 R1 course, which is part of the Commerce Business Consultant badge. Completion of this class does not give you an automatic completion of the related course at Partner University; you will still need to complete the exam at Partner University.

Instructor: Jim Bartow

Jim is a CPA with over 25 years of ERP Business Consulting and Advisory Services to a diverse set of clients in the Services, Distribution, Entertainment and Manufacturing industries.

His financial expertise ranges across roles in Management Advisory and Strategic Planning consulting, Public Audit and Assurance Services, and as a CFO.  He earned his CPA while working in Price Waterhouse Coopers audit services group. 

Today, Jim is an ERP Implementation Consultant with Acumatica’s Services team focused as the subject matter lead for advanced financials requirements on implementation and consulting engagements.

Prerequisites­

For this training, attendees are expected to complete the F100 Financial Basics course and be familiar with the basic processes that can be performed in the general ledger and subledgers of Cash Management, Accounts Payable Accounts Receivable.

Advance Preparations

None. Attendees will be provided with a cloud instance and tenant for training purposes.

Training Materials

Please download the following training guide that you will need for the training: F335 Value-Added Taxes 2023 R1.pdf

Continuing Professional Education

• Program knowledge level: Intermediate
• Delivery method: Group Internet based program*
• NASBA field of study: Computer Software & Applications
• Maximum number of CPE credits that may be earned by the participant: 3

Due to this program being offered free of charge, there will be no refunds issued. If you have any questions, please feel free to contact us at training@acumatica.com.

* We offer CPE credits for this course if you attend the course in the format of online instructor-led RingCentral session. During the session, we measure your attentiveness by using polling questions at random times. We provide the certificate if you have answered polling questions during the session. To get the certificate with the confirmed CPE credits, please send a request to training@acumatica.com after the session is complete.

National Registry Statement

Acumatica is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.