Implementing and Configuring Intacct Inventory

This 2-day (12 hour) hands-on course is designed for partners responsible for implementing Intacct inventory.  You’ll learn recommended best practices to ensure customer success.

Class Details

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Audience:
This course is designed for experienced Intacct Implementers who need to implement and configure the Intacct Inventory module.
Prerequisite(s):

Implementing and Configuring Intacct. Participants must have previous experience creating transaction definitions in Intacct. Experience using the Financial Report Writer tool and Custom Report Writer are also required.

Class Length:

2 days

What You Need: This is a hands-on course. Intacct will provide a sample environment for the activities. You will need to bring a laptop (not a tablet) with an Intacct-supported web browser.
CPE Credits: This course is eligible for 12 CPE credits.
Cost: $1600. The cost is included in your partner fee. However, cancellation fees do apply if you cancel within the cancellation policy.

Course Objectives

 

At the end of this course, you should be able to:

  • Determine the types of inventory businesses for which Intacct is a good fit
  • Apply recommended best-practices to create transaction definitions for inventory sales orders and purchases
  • Apply recommended best-practices to create transaction definitions for inventory adjustments and transfers
  • Set up a warehouse
  • Run Inventory subledger reports
  • Run Inventory financial reports with item and warehouse dimensions

Course Topics

Introduction to Inventory
  • Explain the types of inventory businesses for which Intacct is a good fit and why
  • Describe how the Intacct inventory subledger interacts with the general ledger
  • Describe the four standard cost methods
  • Explain the power of having warehouse and item as dimensions
  • Explain which configurable attributes of Intacct inventory can be combined
  • Describe the practical uses for Intacct units of measure
Order Entry
  • State the best practice for the order entry workflow steps for inventory transactions
  • Explain how the transaction definitions work together to provide a complete workflow for inventory
  • Construct an order entry workflow for inventory transactions
Purchasing
  • Describe the best practice for the purchasing workflow steps for inventory transactions
  • Explain how the transaction definitions work together to provide a complete workflow for inventory
  • Construct a purchasing workflow for inventory transactions
Transfers
  • Set up a warehouse
  • Set up inventory transaction definitions for transfer‐out and transfer‐in transactions
  • Determine the cost basis for the transfer-in transaction
Adjustments
  • Describe the types of adjustments for inventory
  • Create a write-off inventory transaction definition
  • Choose the appropriate implementation strategy to adjust subledger quantity, subledger value and GL account balance for inventory
Inventory Data Load
  • Setup a transaction definition to load the inventory subledger with initial balances
  • Import warehouses
  • Upload items
  • Import Inventory transactions
Inventory Reporting
  • Run inventory subledger reports on quantity, value and unit cost, transactions, and reorder/resupply
  • Create reports on items, warehouses, items by warehouse, product lines and inventory turnover
Kits
  • Explain the difference between a standard kit and a stockable kit
  • Configure standard kits and stockable kits with component items
  • Set up the GL account mappings for the transaction definitions to build and disassemble stockable kits
  • Set up GL account mappings for sales and purchasing transaction definitions to support standard kits and stockable kits