P100 Project Implementation and Processing

Audience: This course is intended for implementation consultants of the Project Accounting functionality of Acumatica ERP.

Acumatica ERP Experience Required: at least 1 year

Who Should Attend (relationship to Acumatica):

• Partners who implement Acumatica ERP Project Accounting functionality to customers.
• Acumatica end users (customers)

Acumatica ERP version: 2021 R1

Training Description: This webinar provides a set of lessons that illustrate project accounting processes in a midsize company.

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

• Day 1: Project Implementation. In this session, you will learn how to perform the initial configuration for the project accounting functionality. In particular, you will enable the needed system features, specify the minimum required configuration, and learn the recommended settings that you can specify to make the system fit your business requirements. You will also learn how to prepare the system for the creation of account groups, create an account group and map accounts to this group, review the chart of accounts and find the account group associated with a particular GL account, how to plan a project structure, create a project and specify its settings, set up project security and process a project during its life cycle. Moreover, you will learn how to create a project task for a particular project, configure the rules of the project task completion, configure a project task to be billed separately from other project tasks, set a project task as a default for a project, how to capture project costs using project transactions, make the system create a project transaction based on a GL transaction and create a project transaction without posting to the general ledger.
• Day 2: Capturing Costs for Projects and Project Billing. In this session, how to create a purchase order with materials and services for a project, prepare a purchase receipt for the purchase order, enter the accounts payable bill for the purchase order, and how to purchase services for a project using an accounts payable bill. You will also learn how to create a project and specify its settings, configure the direct creation of AR documents for the project, bill the project with the direct creation of an AR invoice, configure the pro forma invoice workflow for a project, create a pro forma invoice, print the pro forma invoice, send the pro forma invoice as an email, add to the pro forma invoice an extra adjustment line that does not originate from project transactions, postpone the billing of a pro forma invoice line, write off a pro forma invoice line partially or fully and create an accounts receivable invoice based on a pro forma invoice. Moreover, 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 the project, process the documents that have been generated during the project billing, and also review how the project’s actual amounts are updated with the billed amounts.
• Day 3: Project Billing, Budget, and Balances. In this session, you will learn how to configure a time and material billing rule, make sure that the project is ready to be billed, run project billing for the project, process the documents that have been generated during the project billing, review how the project’s actual amounts are updated with the billed amounts. Also, you will learn how to add a time and material step to a billing rule to process a new type of expenses, use item prices in billing rules, configure project billing to create a single invoice for the project or to create multiple separate invoices, bill the project with different billing rules assigned to the project tasks, bill a project task separately from the other tasks of the project and bill project transactions that are associated with particular account groups separately from the other.

Partner Certification: This class is based on the materials of the P100 Project Implementation and Processing course, which is part of the Project Accounting 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.

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

• Tue, August 31, 2021 10:00 AM - 11:30 AM PT
• Wed, September 1, 2021 10:00 AM - 11:30 AM PT
• Thu, September 2, 2021 10:00 AM - 11:30 AM PT

Registration URL: https://webinar.ringcentral.com/webinar/register/1916288859111/WN_NOrYSyeaTlSn__c5Skv_og*

*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.

Instructor: Anastasia Petrovskaia

In the role of Team Lead, Anastasia is coordinating the development process in the Project/Construction team. Before that she has been working as a business analyst on the Projects/Construction features for almost 2 years and therefore Anastasia has unique insights into the module’s functionality.

Overall, Anastasia has 3+ years of experience in developing complex B2B products. Prior to Acumatica, she has been working on the development and implementation of the laboratory information management system in the biotechnical company.

Anastasia holds a bachelor’s degree in financial management from St Petersburg State University and a master's degree in computer science from the University of Bristol.

Prerequisites­

You should complete the F100 Financial Basics course and be familiar with the basic business processes that can be performed in the general ledger, inventory and order management, accounts receivable, and accounts payable.

Advance Preparations

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

Training Materials Please download the following training materials that you will need for the training:

• Training guide: P100 Project Implementation and Processing.pdf
• Files for training: P100 Files for 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: 3

For more information regarding administrative policies—such as refunds, cancellations, and complaints—please contact Acumatica at 1-888-228-8300.

* 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 completed three polling questions per session. To get the certificate with confirmed CPE credits, after the session is complete, please send a request to training@acumatica.com.

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.