About this course

Infor SunSystems Cloud TRG Hotel Core: Period & Year-End Closure

Proper month-end and year-end closing procedures are the key to unlocking this critical information. These processes act as a powerful financial check-up, ensuring all your accounts are accurate and up-to-date.

This translates to timely reports that reveal your hotel's true financial health, allowing you to make data-driven decisions that optimise profits, identify areas for growth, and remain competitive.

But don't worry, this course is designed to make your life easier.

Who should take this course?

Imagine running your hotel without closing the books at the end of each month or year. What would happen? A series of disasters could occur, including no clear picture of your hotel's financial performance, flying blind when it comes to planning future strategies and operations and potentially inaccurate tax filings.

  • Hotel Finance Professionals

    This includes hotel accountants, finance managers, assistant controllers, and anyone responsible for closing the books in a hospitality setting.

  • SunSystems Users in Hotel Industry

    This course specifically focuses on Infor SunSystems Cloud for Hotel Core, so if you are an existing user of this system working in hotels, this course would definitely benefit you.

  • Accountant who wants to Upskill

    One of the great things about TRG Academy is its flexibility. You can learn at your own pace, making it easy to fit in even with the busiest of schedules.

This course is designed for:

Financial Controllers

Accounts Payable Accountant

General Accountant

Accounts Receivable Accountant

Fixed Asset Accountants

Accounts Requisition

Purchasing/Procurement Accountants

Sales Accountants

Inventory Accountants

System Administrators

Course curriculum

    1. Welcome

    2. Lesson Note

    1. Introduction

    2. Month End Process

    3. Running Held Journal Listing

    4. Hands-on: Running Held Journal Listing

    5. Posting a Held Journal

    6. Clearing a Held Journal

    7. Hands-on: View, Select, Post and Clear Held Journal

    8. Process Payments

    9. Hands-on: Process Payments

    10. Match an AP Payment with an Invoice using Account Allocations

    11. Hands-on: Match an AP Payment with an Invoice using Account Allocations

    12. Match a AR Payment with an Invoice using Account Allocations

    13. Hands-on: Match a AR Payment with an Invoice using Account Allocations

    14. Bank Reconciliation

    15. Hands-on: Bank Reconciliation

    16. Asset depreciation calculation

    17. Hands-on: Asset depreciation calculation

    18. Mark Fixed Assets for disposal

    19. Hands-on: Mark Fixed Assets for disposal

    20. Asset disposal

    21. Hands-on: Asset disposal

    22. Ledger revaluation

    23. Hands-on: Ledger revaluation

    24. Trial Balance - Standard

    25. Hands-on: Trial Balance - Standard

    26. Profit and Lost Report

    27. Hands-on: Profit and Lost Report

    28. Balance Sheet

    29. Hands-on: Balance Sheet

    30. Changing Period

    31. Hands-on: Changing Period

    32. Maintain monthly exchange rate

    33. Hands-on: Maintain monthly exchange rate

    34. Learning check

    35. Handout

    1. Introduction

    2. Closing the Financial Year

    3. Hands-on: Closing the Financial Year

    4. Preparing Trial Balance and Extending to a 13-Period Fiscal Year

    5. Hands-on: Preparing Trial Balance and Extending to a 13-Period Fiscal Year

    6. Recording Year-End Journal Entries

    7. Hands-on: Recording Year-End Journal Entries

    8. Executing Updated Trial Balances and Adjusting to a 12-period Fiscal Year

    9. Hands-on: Executing Updated Trial Balances and Adjusting to a 12-period Fiscal Year

    10. Learning check

    11. Handout

    1. Summary & What happens next?

    2. Help Us Improve Your Learning Experience

About this course

  • 50 lessons
  • 1.5 hours of video content
  • 2 hours to complete
  • Published: July 15, 2024
  • Updated: July 28, 2024

Reviews for this course

What our students say

5 star rating

Infor SunSystems V6.4 Introduction

Benjamine Ouma

I have really expounded on my Infor SunSystems knowledge. Thank you so much

I have really expounded on my Infor SunSystems knowledge. Thank you so much

Read Less
5 star rating

[GEN-1] SunSystems Introduction

Adams Machi

Well Structured and Easy to grasp the Systems capabilities for Non-SunSystems users

Well Structured and Easy to grasp the Systems capabilities for Non-SunSystems users

Read Less

Available languages

English

SunSystems Cloud's unique approach to closing might differ from what you are used to. So whether you're a seasoned pro or new to the system, this course provides valuable insights. This course provides you with the essential knowledge to navigate the system smoothly.

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