Training Lab - Accounts Receivable 3

Training Lab - Accounts Receivable 3


DealerVu Training
Accounting A/R Lab 3

 
Objective(s)
At the end of this lab, you will be able to create an A/R Invoice for a vendor and receive the payment from this vendor.
 
Before you begin
You will need to be logged onto DealerVu and be on the home page of DealerVu.
  
Exercise 1
 
In this exercise, you will learn how to create a new A/R Vendor’s Invoice.

1. From the DealerVu home page, select the Accounting link;
2. From Accounting, select the Accounts receivable link;
3. In the Receivable Transactions screen, click on the A/R Vendor Invoice icon;
4. In the Select Vendor window, enter the name of the vendor and click Refresh. Note: Make sure there is a check mark in the box representing the type of vendor you are searching for;
5. Select the vendor by double clicking on it. This will add the vendor to the Vendor’s Invoice;
6. Enter an invoice number and select an Invoice date, Due Date and Posted On date;
7. Click on the Insert Misc. Item icon;
8. Enter a Description, an amount (before tax) and choose the appropriate account for this item;
9. Select a tax group using the drop down menu in that field;
10. Change the Status from Open to Posted;
11. Click on the Save icon.

 
Exercise 2
 
In this exercise, you will learn how to receive payment on the A/R Vendor Invoice created in Exercise 1.

1. From the DealerVu home page, select the Accounting link;
2. From Accounting, select the Accounts receivable link;
3. On the Receivable Transactions screen, click on the Invoice Payment icon;
4. Click on the Add Invoice icon;
5. In the Select Invoices window, enter invoice number you created in Exercise 1. Click Refresh;
6. Select the invoice by putting a check mark in the box to the left of the vendor’s name and then click OK. This will bring you back to the Receivable Payment Details screen;
7. Select the Payment method, enter the cheque number (if paid by cheque) in the Check/Reference # field and select the cash drawer the money was deposited into;
8. Select your payment posting date in the Date field;
9. Click the Post icon.