Acumatica ERP Experience Required: At least 1 year

Who Should Attend (relationship to Acumatica):

• Professionals who want to learn Acumatica ERP

Acumatica ERP version: 2021 R1

Training Description: This training course provides a set of lessons that illustrate the basic tax management processes in a midsize company as well as the configuration that underlies this processing.

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

• Day 1: Configuring the Tax Functionality. In this session, you will learn how to create a tax agency that you will use for tax reporting purposes, create and configure a tax report, create a tax zone, review the tax categories existing in the system and assign tax categories to non-stock items. Also, you will learn how to configure sales taxes to be used in AR and AP documents.
• Day 2: Processing Documents with Sales Taxes. In this session, you will learn how to create an AR invoice with a sales tax applied, release the AR invoice and review the GL transaction generated by the system and create a cash entry and apply a sales tax to it automatically in Acumatica ERP. You will also learn how to create and release a credit memo, analyze the GL transaction created by the system, create an AP bill with a sales tax applied and release the AP bill and review the GL transaction generated by the system. Moreover, you will learn how to configure first-level and second-level taxes in Acumatica ERP, learn how different calculation methods affect the resulting tax and the total document amount, and create documents to which these taxes are applied.
• Day 3: Paying Taxes to a Tax Agency and Processing Documents with Use Taxes. In this session, you will learn how to prepare a tax report for a particular company and tax agency for an open tax period, how to void a tax report that has been prepared for a particular company, create any documents that are missing in the system, and again prepare the tax report. You will also learn how to create a tax adjustment to a tax report, how to release a tax report and generate an AP bill for the tax agency, how to configure a use tax that can be used in AP documents, purchase orders, expense receipts and claims, and cash disbursements. Moreover, you will learn how to create an AP bill with a use tax applied, release the AP bill and review the GL transaction generated by the system and prepare a new revision of a tax report and review the difference in the tax report revisions.

Partner Certification: This class is based on the materials of the F330 Sales Taxes course, which is part of the 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.

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

• Tue, Aug 17, 2021 1:00 PM – 2:00 PM ET
• Wed, Aug 18, 2021 1:00 PM – 2:00 PM ET
• Thu, Aug 19, 2021 1:00 PM – 2:00 PM ET

Registration URL: https://webinar.ringcentral.com/webinar/register/6216280123118/WN_6mvbou-zQ3GIau7ggb5How*

*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: Animesh Prasad

Prerequisites­

An understanding of generally accepted accounting principles (GAAP) is required for this course. Also, you should be familiar with the main concepts of financial accounting, including the chart of accounts, general ledger, financial documents (such as invoices and bills), and financial reports.

For this training, attendees are expected to complete the F100 Financials: Basic course for a better understanding of the processes described in the F330 training.

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: F330 Sales Taxes.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 an 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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