Overview

The Financial Management Masters – Accounts Payable course provides a comprehensive understanding of vendor invoice processing, payments, and reconciliation within the Onfinity system. Participants will learn how to configure and use core financial components such as Direct AP Invoices, Credit Memos, AP Payments, Payment Batches, Payment Forms, and Payment Allocation Scenarios. The course emphasizes accurate recording, reconciliation, and reporting of payable transactions, ensuring compliance and efficiency in financial operations.

Course Objectives

By the end of this course, participants will be able to:

• Record and manage Direct AP Invoices and Credit Memos, including discounts.
• Process Direct and Advance AP Payments using cash or check payment forms.
• Create Payment Batches using rules or selection criteria.
• Perform Manual Payments and schedule splitting via payment forms.
• Execute Payment Allocation Scenarios against Purchase Orders, AP Invoices, and GL Journals.
• Ensure accuracy, compliance, and efficiency in all Accounts Payable operations in Onfinity.

Course content

• Recording standard vendor invoices
• Handling invoices with additional landed costs
• Processing credit memos against AP invoices
• Recording credit memos with discount adjustments
• Making immediate payments to vendors
• Recording prepayments to vendors
• Processing check-based payments
• Recording cash payments
• Automating payments using rules
• Batch payments based on selected invoices
• Handling ad-hoc manual payments
• Splitting payments across AP and AR
• Allocating payments accurately
• Allocating payments to GL entries
• Handling invoices with additional landed costs
• Processing credit memos against AP invoices
• Recording credit memos with discount adjustments
• Making immediate payments to vendors
• Recording prepayments to vendors
• Processing check-based payments
• Recording cash payments
• Automating payments using rules
• Batch payments based on selected invoices
• Handling ad-hoc manual payments
• Splitting payments across AP and AR
• Allocating payments accurately
• Allocating payments to GL entries

Overview

Accounts Receivable course provides a comprehensive understanding of customer invoicing, receipts, and payment processing within the Onfinity system. Participants will learn how to configure and use core financial components such as Direct AR Invoices, Credit Memos, Receipts, Payment Forms, Payment Allocation Scenarios, Dunning, and Commission Management. The course emphasizes accurate recording, reconciliation, and reporting of receivable transactions, ensuring compliance, efficiency, and effective management of customer accounts.

Course Objectives

By the end of this course, participants will be able to:

• Record and manage Direct AR Invoices and Credit Memos for accurate customer accounting.
• Process Direct and Advance AR Receipts using cash or check payment forms.
• Perform Schedule Splitting and Payment Allocation against Sales Orders, AR Invoices, and GL Journals.
• Configure and manage Dunning to follow up on overdue customer payments.
• Handle Commission Management for sales-related incentives.
• Ensure accuracy, compliance, and efficiency in all Accounts Receivable operations in Onfinity.

Course Content

• Recording standard customer invoices
• Processing credit memos for customers
• Recording immediate customer payments
• Handling prepayments from customers
• Recording check payments from customers
• Recording cash receipts
• Splitting payments across AP and AR
• Allocating payments accurately to customer transactions
• Allocating customer payments to GL entries
• Managing overdue payments and customer reminders
• Calculating and tracking sales commissions

Payroll Legislation

Overview

This training program provides a complete walkthrough of Payroll Legislation configuration and statutory payroll processing within the Onfinity System. The course covers both system-level configuration activities and employee-level statutory data updates, ensuring full compliance with Indian payroll laws. Participants will gain practical knowledge on configuring payroll components, statutory calculations, tax rules, and executing payroll to generate accurate statutory results.

Course Objectives

By the end of this course, learners will be able to:

• Understand the significance of payroll legislation in India, including tax compliance and employee benefits
• Identify and configure major statutory payroll elements such as PF, ESI, Professional Tax, and Income Tax/TDS
• Set up payroll computation rules using components, balances, formulas, and tax configurations
• Configure legislative parameters to ensure automated and accurate salary processing
• Enter and validate employee-level information related to statutory compliance
• Execute payroll and review statutory results, balances, and reports.

Course Content

Introduction to Payroll Legislation

• Importance of Indian payroll compliance
• Statutory wage structure and tax rules overview

Payroll Configuration Process Flow

• Understanding the complete setup sequence
• Configuration dependencies and system design

Configuration Screens

• Input Value Setup
• Component Classification
• Balance Dimension Master
• Balance Definition
• Component Definition
• Component Link
• Table Structure & Table Values
• Tax Setup
• Database Functions
• Static DB Items
• Formula Master
• Formula Result

Employee-Level Statutory Setup

• Employee Personal Information
• Employee Work Information – Payroll Component Tagging
• Statutory Information – PF, ESI, PAN, UAN details
• Employee Dependent Information – exemption eligibility

Payroll Execution

• Running payroll using configured components and formulas
• Reviewing payroll calculation results
• Understanding balance accumulation and YTD impacts

Compliance Output

• Validation checks and Statutory deductions review