Accounting for Service & Rental
This two-day Lawson Learning classroom course provides a basic understanding of the flow and accounting requirements for the service management and rental process.
(Please note that long term rental is not covered in the current version of this course).
Why Should You Attend?
By the end of the course, you should be able to:
- Explain the major concepts and terms used in service and rental
- Explain the major financial concepts used in service and rental
- Perform the basic workflow for service orders and agreements
- Perform the basic workflow for short term rental
- Manage accounting for the service and rental processes.
What Does This Course Cover?
This course deals with:
- Service management concepts and business processes
- Short term rental management concepts and business processes
- Financial concepts used in the service and rental businesses
The Lawson M3 workflow for:
- Setting up accounting rules for service orders and agreements
- Creation of service order at call logging
- Service assignment tracking and monitoring
- Reporting of service performed
- Service invoicing and credit handling
- Service agreements defining what is included/excluded
- Service invoicing and credit handling
- Setting up accounting rules for short term rental
- Creation of short term rental agreements
- Logistics of the rental items
- Rental pricing options on basic level
- Rental invoicing and credit handling
- Review the resulting accounting entries.
Who Should Attend?
This course is designed for people who will work with Lawson M3 accounting for Service Management and/or Short Term Rental. To fully benefit from this course, we recommend that you have:
- Successfully completed the financial management and controlling introduction level courses
- Have a basic understanding of the service and rental business process
- This course is also suitable for service management/ rental personnel who want basic knowledge about the related accounting entries and configuration. To fully benefit from this course, we recommend that you have:
- Successfully completed the 'Financial Management Introduction' course, if you do not already have a basic understanding of financial concepts and configuration in Lawson M3.
   ASR 2.00
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Information about course dates is only available for Lawson customers who are logged on to the Customer Community.
You must register to gain access to Customer Community. Then you will have access to our entire course offering.
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