Online class this week: Accounting for Non-Accountants

Thursday, July 9, 2015

If you're the type of person who has questions about accounting but are either afraid to ask or don't know what to ask, then you should consider joining xTuple's lead trainer Mike Atherton as he takes class members through the basics of accounting in his online course Accounting for Non-Accountants. This is your chance to learn how to read financial statements. To understand the difference between debits and credits. And much more. Plus, your time commitment for this class is minimal. This six-hour short course is held in two sessions over one day. Continue reading to learn more details about this useful course....

Accounting for Non-Accountants

This online accounting class is designed for participants who have little or no accounting knowledge. You can register now. It is equally applicable to those who are new to xTuple or current xTuple users who want to bolster their knowledge of both basic accounting principles and fundamental configuration and operation of core xTuple accounting functionality. The course is equally valuable for those in the early stages of an xTuple implementation and also those who have been using xTuple for a long time. Users with some accounting knowledge, including bookkeepers, may also find the review of basic accounting principles useful and will benefit from the section devoted to xTuple accounting configuration and operations.

Here are some of the basic accounting questions that will be covered:

  • What is accounting and why is it important?
  • Why is accounting important in ERP?
  • Who is involved in the accounting process in an integrated business?
  • What are the basic account types?
  • What is a debit and a credit and how to they work throughout the entire order to cash flow process?
  • What is a trial balance and how is it derived?
  • What is the purpose of the different financial statements?
  • Where does activity post and how is it reported?
  • Other concepts such as: Costing (Standard, Average and Job Cost), Manufacturing Accounting and Subledger

Topics covered specifically for xTuple include:

  • What is the core setup?
  • How are accounting periods defined?
  • How are general ledger accounts created?
  • What are the ways to post journal entries?
  • What are the basics of general ledger account mappings?
  • How is a payable processed from voucher to check?
  • How is a receivable processed from invoice to cash receipt?
  • How are financial reports generated?

Register now for this helpful course while spaces are still available.

Pierce Tyler

Vice President Services

Pierce is a founding member of xTuple and, since 2001, has been responsible for the day-to-day technical support of xTuple’s global community of customers and implementation partners. In addition to his suport role, Pierce also manages the services group, whose scope includes implementations and ongoing professional services. He was previously a manager for knowledge management at Great Bridge, a commercial open source company serving the PostgreSQL community. For many years he taught digital literacy and college English at Old Dominion University and the University of Maryland.