In this course, focusing on SunSystems Cloud General Ledger, we'll learn about the Chart of Accounts, Analysis Codes, how to enter Journals, use Account Allocations, run Financial inquiries/reports, and close the period and year.
Unified ledgers allow for real-time updates and minimise duplications and errors. This course will cover everything you need to know about the Financials General Ledger (GL), one of the six core modules of Infor SunSystems Cloud.
About GEN-23 - Infor SunSystems Cloud Financials GL
Tips and Tricks
Whether you are new to SunSystems or a seasoned pro, this course is worth taking, as there may be tips and tricks to pick up.
This course focuses on the general ledger, with separate lessons covering the chart of accounts, analysis codes, journal and transaction entry, account allocations and matching transactions, financial inquiries, reporting, and period and year-end closure. Learning these fundamental functions will help you use SunSystems efficiently and accurately, easing your daily work.
If you are curious about how SunSystems Cloud's General Ledger differs from other methods and how it works, enrol in our GEN-23 course to learn everything you need to know and take your accounting skills to the next level.
Our GEN-23 course on Infor SunSystems Cloud Financial GL is designed to provide comprehensive foundational knowledge that is essential for all accountants.
This course is suitable for Financial Controllers, General Accountants, Accounts Payable, Accounts Receivable, Fixed Asset Accountants, Accountant Requisitions, Sales Accountants, Inventory Accountants, and System Administrators, regardless of their level of experience with SunSystems Cloud.
Whether you are a new or experienced user, this course covers all levels of expertise.
In this course, you’ll learn…
Each chapter of this GEN-23 includes step-by-step instructional videos, knowledge quizzes, and hands-on practical exercises to help you master the Financial General Ledger function faster.
Chapter 1 - Welcome
Chapter 2 - Charts of Accounts
In SunSystems Cloud, every transaction must be posted to a ledger account identified by an account code. The chart of accounts codes serves as the foundation for financial reporting.
In this chapter, you will learn more about the importance of chart of accounts codes in depth as well as steps to create, modify, and close account codes.
Chapter 3 - Analysis Codes
SunSystems Cloud's analysis codes are essential for extracting and reporting data to meet your unique reporting needs. When used in conjunction with chart of accounts codes, they can provide detailed management reporting in Financials.
This chapter will teach you how to create, modify, and close analysis codes to extract and report on data using SunSystems Cloud's global analysis capability.
Chapter 4 - Entering Journals / Transactions
With Infor SunSystems Cloud, you have access to the powerful and flexible Ledger Entry feature, which allows you to enter and post transactions in different formats.
This chapter will showcase this feature and let you explore two data entry methods to determine the most suitable one for your organisation.
Chapter 5 - Account Allocations
To allocate accounts and match payments to invoices, you need to be familiar with two features of SunSystems Cloud: Account Allocations and Allocation Markers.
These tools will help you efficiently match transactions and assign specific meanings to each marker, streamlining the entire process. So, let's dive in and explore how these features work to make your life easier.
This chapter covers the five predefined inquiries available in SunSystems Cloud. It is also worth mentioning that these inquiries can be tailored to your specific needs through various forms and filters, allowing you to view only the most relevant information.
Chapter 7 - Closing the period / year
Learn how to efficiently close your financial year using the Accounting Periods function with our step-by-step guide. This will help you complete the period within a shorter time frame, saving you valuable time and effort.
Manually maintaining these ledgers can be tedious and prone to errors.
The general ledger is the backbone of a company's accounting system, providing decision-makers with a comprehensive understanding of the company's financial health. SunSystems Cloud takes it a step further by offering unified ledgers that merge General Ledgers with Accounts Payable and Accounts Receivable Ledgers for a seamless experience.
That is where the GEN-23 course comes in to help you streamline and automate the process. From creating and modifying account codes to generating trial balance reports and running financial inquiries, GEN-23 provides the comprehensive guide you need to enhance your day-to-day operations.
Chart of Accounts
Create a new Account Code
Amend an Account Code
Close an Account Code
Hands-on: Create, amend and close an Account Code
Hands-on: Create, amend and close an Account Code (with instructions)
Create a new Analysis Code
Amend an Analysis Code
Close an Analysis Code
Hands-on: Create, amend and close an Analysis Code
Hands-on: Create, amend and close an Analysis Code (with instructions)