Course Overview

This online course is designed for both new and current MarkSystems users who are interested in furthering their accounting knowledge in MarkSystems. The course will provide in-depth details about the management, utilization, and best practices of the Finance and Accounting aspects of MarkSystems along with an overview of how data flows through the system and to the ITK.

This is a fully virtual course that allows you to complete all included classes at your own pace. No additional pre-requisites or materials are required to start this course.

Course Learning Objectives

Upon successful completion of this course, students will be able to:

• Understand and maintain proper MarkSystems Data Flow with purchasing data.
• Create and maintain G/L accounts and reporting.
• Create and maintain Accounts Payable and reporting.
• Understand the Cash Receipts Program.
• Create and maintain Construction Loans and Bank Reconciliations.
• Perform 4 Step House Closing and Settlement process.
• Run G/L End of Month and make use of recommended best practices for this process.
• Create and maintain custom financial reporting.

Additional Information

• It is recommended that only one person utilizes each reserved seat as there is progress tracking per user that applies to classes.
• All regular materials for the course will be provided digitally.
• Upon completion of this course, you will receive a certificate of completion for Accounting & Finance 101.
• This is a fully virtual course that will allow you to complete it at your own pace. You will have access to this course for two months from registration.

Courses Included

MarkSystems and Purchasing Basics

• System Login Basics
• Class Welcome and Introduction PowerPoint
• The Big 3 concepts (Cost Codes, Stage Codes, Hierarchy)
• Data Flow in MarkSystems

General Ledger

• Accounting Building Blocks
• General Ledger Basics
• Journal Entries and Importing
• General Ledger Reports

Accounts Payable

• Vendor Setup and Terms Codes
• Invoicing (Manual, Web Approval, Importing, Adjusting/Reversing)
• Checks (Manual, Check Processing, Reversing)
• Bank Setup (Structure and EFT Usage)
• Accounts Payable Reports
• 1099 Processing

Cash Receipts

• 5 Types of Deposits
• Deposit Status Reports

Construction Loans

• Setup and Usage of Construction Loans
• Construction Loan Reports

Bank Reconciliation

• Bank Reconciliation Process

4 Step House Closing Process

• Closing a house in MarkSystems
• House Scrub Report best practices

End of Month Best Practices

• End of Day Report
• End of Month Closing
• Posting Data Controls

Financial Statement Report Writer

• Create Custom Financial Statement Reports