P120 Project Accounting Basic Scenarios
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Audience: This webinar is intended for implementation consultants of the Project Accounting functionality of Acumatica ERP.
Acumatica ERP Experience Required: 3-6 months.
Who Should Attend (relationship to Acumatica): Partners who implement Acumatica ERP Project Accounting functionality for customers.
Acumatica ERP version: 2022 R1
Training Description: This webinar provides a set of lessons that illustrate project accounting processes in a midsize company. The webinar consists of lessons that guide you step by step through the examples and explanations of the configuration and business process flow in Acumatica ERP.
Training Syllabus: The program is covered over four days as follows:
- Day 1: Creation of Projects. In this session, you will learn how to create a project template and a common task, how to create a project based on the project template, and how to add a task to the project by using the common task. Moreover, you will create a project quote based on an opportunity, specify the settings of a quote by using a project template, estimate the potential revenue and costs of a potential project, and create a project based on a project quote.
- Day 2: Advanced Billing. In this session, you will learn how to configure billing rules for progress billing and for time and material billing, how to configure combined billing rules with multiple steps of different types, and how to use billing rates and item prices in billing rules. You will also learn how to create a rate table and rate type, define a rate sequence and a rate table with particular rates, use billing rates for billing projects. Additionally, you will learn how to restructure the project budget, save a revision of the project budget, and restructure the project budget after the billing that has affected the budget.
- Day 3: Budgets and WIP Costs. Cost Commitments. In this session, you will learn how to configure an allocation rule to move project costs to a WIP account group, configure a fixed-price project for allocating costs to the WIP account group, and temporarily allocate costs of the project to the WIP account group. You will also learn how to enable tracking of project commitments in the system, create commitments by creating a purchase order for a project, and review how the commitments affect the project cost budget during the processing of the purchase order.
- Day 4: Single-Tier Change Management. Time Tracking. In this session, you will learn how to configure a change order class, create a change order for a project, update the project budget with the change order, update cost commitments with the change order, review the changes made with change orders in the project budget, and prevent direct purchases for the project. Also, you will learn how to prepare the system for the configuration of time tracking, enable the needed system features, and specify the minimum required configuration so that time cards (and time activities, if applicable) can be used to track employee time spent for a project. Additionally, you will learn how to enter a billable time and time card activity related to a project, and log the time spent for the project, and bill a project for employees’ time spent working on it.
Partner Certification: This webinar is based on the materials of the P120 Project Accounting Basic Scenarios 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 four times, and attendees are expected to attend all four sessions:
- Mon, September 26, 2022 10:00 AM - 11:30 AM PT
- Tue, September 27, 2022 10:00 AM - 11:30 AM PT
- Wed, September 28, 2022 10:00 AM - 11:30 AM PT
- Thu, September 29, 2022 10:00 AM - 11:30 AM PT
Registration URL: https://webinar.ringcentral.com/webinar/register/1816608104665/WN_r_Sd6bPNS6GykPeIA0BL1Q
*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: Heidi Dempsey
In the role of Partner Success Manager, Heidi Dempsey has successfully managed over 350 projects. She identifies customers specific challenges and recommends solutions and strategies for a successful deployment of our product. She ensures partners and customers are receiving the required support to ensure a timely and successful implementation. She keeps relationships with customer to collect insight and desired features for satisfying industry-oriented challenges with our solutions. She is an integral part of the implementations and customer success processes for our construction and field service customers. She has over 20 years of experience in Construction Accounting and as an instructor.
Prerequisites
You should complete the P100 Accounting for Projects 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:
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 webinar if you attend the webinar 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.
Please note that if you are interested in getting the CPE credits, you need to install the RingCentral application to your computer. The polling questions are not displayed if you use the browser version of RingCentral.
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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