V300 Project Accounting for Construction (Part 2) (CPE)
Recordings of these training sessions are published at Acumatica Open University. You can find them under the Training Recordings section: https://openuni.acumatica.com/courses/project/v300-acumatica-erp-construction-edition/
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For information on CPE credits, please see the Continuing Professional Education section.
Audience: This webinar is intended for implementation consultants of the construction project management functionality of Acumatica ERP.
Acumatica ERP Experience Required: at least 1 year
Who Should Attend (relationship to Acumatica):
- Partners who implement Acumatica ERP construction project management functionality to customers.
- Professionals who want to learn Acumatica ERP.
Acumatica ERP version: 2024 R1
Training Description: This webinar provides a set of lessons that illustrate the processes of construction project management in a midsize company.
Training Syllabus: The program is covered over two days as follows:
- Day 1: Project Billing and Retainage. AIA Reporting. In this session you will learn how to configure a progress billing rule, update the project progress to make it ready to be billed, run project billing for a project, process the documents that have been generated during the project billing, and review how the project’s actual amounts are updated with the billed amounts. Moreover, you will learn how to configure a project with a contract cap, how the contract cap retainage is calculated, how to create pro forma invoices with retainage for the project until the retainage cap is reached, release the retainage for the project for multiple project budget lines, and mass-process retainage invoices. Also, you will learn how to prepare AIA reports for construction projects, how to create an AIA report that includes retainage that has been fully or partially released for a construction project, make corrections to a pro forma invoice that has the corresponding AR document released, and review the previous revision of the pro forma invoice.
- Day 2: Payments. Project Budgets. In the second session, you will learn how to select the bills or bill lines to be paid, prepare and release a payment for multiple bills for the same project, create an AP bill to be paid with a joint payment, specify a main vendor and joint payees for a joint bill, specify joint amounts for different lines of a joint bill, and create and process joint payments for a joint bill. The session will also provide information on how to create a budget forecast for a project, add financial periods to the budget forecast, distribute budgeted values among the financial periods, update the project budget based on the forecast, and update the financial periods in the forecast based on the updated actual values. You will also learn how to configure an allocation rule to capture project overhead as a percentage of incurred costs and capture the overhead on the project.
Date and time: This training meets the following two times, and attendees are expected to attend both the sessions:
- Tue, August 27, 2024 10:00 AM - 12:00 PM PT
- Wed, August 28, 2024 10:00 AM - 12:00 PM PT
Registration URL: https://webinar.ringcentral.com/webinar/register/9717224168077/WN_RN3n0JVdSCa5Mk0UCyVj9w
*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 V300 Project Accounting for Construction 2024 R1 course, which is part of the Construction 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: Irina Kateneva
In her current role as Senior Business Analyst, Irina Kateneva manages the requirements, prepare functional specifications for Acumatica software project and construction modules. In addition, Irina works with support requests as L3 analyst.
Prior to joining Acumatica Irina was Senior Quality Assurance at Epicor, where he focused on the delivery of financial modules and country-specific functionality.
Prerequisites
For this webinar, attendees are expected to complete the following courses and be familiar with the basic and advanced business processes that can be performed in general ledger, cash management, accounts payable, and 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: V300_Project_Accounting_for_Construction_2024R1.pdf that you will need for the training.
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: 4
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.
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