RFMS

Effectively manage one of your company’s most vital assets. This class is designed to increase your information gathering and thereby improve your collection process.

By the end of this course, attendees will have been shown how to:
• Set effective credit limits
• Create timely statements
• Post finance charges 

Maintain total control of your disbursements cycle. This class is designed to help maintain controls that allow you to keep your cash in your pocket as long as possible.

By the end of this course, attendees will have been shown how to:
• Flag invoices for payment
• Apply miscellaneous costs to jobs
• Split invoices for payment over time
• Set up recurring payments
• Configure vendors to be paid electronically (requires Direct Deposit)
• Set up Vendors

RFMS’s totally integrated banking module makes the banking process truly simple. The easy to understand interfaces allow you to manage your bank accounts with ease.

By the end of this course, attendees will have been shown how to:
• Post bank charges
• Transfer funds
• Reconcile your bank statement
• Make a deposit
• Enter a single check
• Void a check

Each sales person can be assigned an active commission schedule. The system has an active commission schedule already installed, to which it will default until you create your own. When you first start using the system, you will probably be getting your commission records from a manual or previously used system. Once commissions are set up, the system will figure commissions at the time of job costing and keep a record of all commissions due each sales person.  

By the end of this course, attendees will have been shown how to:
• Setup commission schedules
• Assign salespeople to schedules
• Create commission reports 
• Manually adjust commissions

Our Human Resource module allows you to not only run your W2 payrolls, but also integrates your 1099 Subcontract pay. This feature rich product makes the preparation of your payrolls a breeze.

By the end of this course, attendees will have been shown how to:
• Set up employees
• Set up subcontractors
• Configure deductions such as 401k
• Set up supply deductions for subcontractors
• Create tax reports

The month end process with RFMS is a very simple series of steps that allow you to pull all of the information needed. This course will teach you the reports needed to confirm your end of month statements are accurate.
 
By the end of this course, attendees will have been shown how to:
• Perform preliminary close
• Report selection to run for month end
• Perform final close
• Close General Ledger for the month

Special Note: This course will briefly involve inventory balancing. For more detailed information, please see course I401 – Inventory Balance Report.

ACH is a powerful banking tool that encompasses Human Resources direct deposit features and Accounts Payable check writing. ACH allows the user to electronically pay suppliers and personnel. ACH eliminates the time needed for installers and employees to go to the bank on payday. ACH may also allow you to negotiate preferential terms with your suppliers by paying via ACH.

*Special Note: This software is only available in conjunction with your banking establishment allowing you access to the ACH system. Arrangements must be made directly with the bank.

The RFMS General Ledger system is surprisingly simple but extremely powerful. The course will show you how all the components of RFMS come together to track the financial health of your business.

By the end of this course, attendees will have been shown how to:
• Create journal entries
• Create recurring entries
• Add accounts
• Print and review the ledger
• Create custom income statement configurations
• Modify configurations for different needs

One of our most powerful management tools is budgeting. The class will show you how to create budgets to print with your financial statements.

By the end of this course, attendees will have been shown how to:
• Create initial budgets from previous data
• Update and modify your budgets

  In any accounting system, closing the period is a process that must be handled in a timely manner and performed accurately.

By the end of this course, attendees will have been shown how to:
• Close the accounting period for the year
• Identify proper reports to compile
• Reconcile subsidiary accounts to control accounts 

Don’t miss this training conducted by RFMS Veteran trainers. This course is a 1-day regional seminar (2 - 4 hour eTraining sessions) and is suggested for all controllers, owners, directors of operations and outside CPA's.

Typical course content:
• Job Costing issues
• Open Orders
• Inventory issues
• Commissions
• Sales & Use Tax