9/23/2020 at 12:30 PM CT
The Personify accounting (FAR) module affects many subsystems. It’s is vital before learning about the products and orders that users have a general understanding of how to use Personify as an AR system. Trainees will gain a basic understanding of how we apply transactions to orders as well as the invoicing/acknowledgment pieces of Personify.
Objectives
- Many types of transactions occur in Personify360 and through this session, learners will have the knowledge to identify and understand the impact of various transactions such as receipts, vouchers/refunds, receipt transfers, sales, write-offs, adjustments, and deferred receipts, to best manage both customer and order financial data within the system using established financial policies and procedures.
- Using Personify360 as a primary AMS and accounts receivable system for various streams of revenue, learners will understand when it’s appropriate to perform various accounting functions such as receipt reversals, refund, write-offs, and adjustments based on situations and scenarios and proper financial analysis and their association’s current accounting policies.