The aim of this online course is to provide you with key project accounting knowledge, as well as user know-how for the WINPACCS project accounting software. It will enable you to post and utilise all the transaction types in project accounting in WINPACCS and all its important functions.

• Principles of project accounting in development cooperation
  Working with different currencies, displaying various fundings in project accounting, using account assignment and additional information, showing donor requirements and cost accounting using budget structures
• Initial set-up of WINPACCS accounting
  Downloading master data and accepting journals
• Posting transactions
  Posting aided by transaction categories (supply of funds, forwarding of funds, transfer of funds, costs, income, advance payment, funds received, balancing of payables, return of funds) and allocation of accounts, fundings and budget lines to individual vouchers
• Principles of the Moving Average Rate Procedure
  Handling different currencies, automatic conversion from voucher currency to company currency
• Posting tax
  Automatic calculation of net amounts and separate account assignment for tax component
• Splitting postings
  Automatic and manual splitting of costs, income and advance payment to different accounts and budget lines
• Correcting postings
  Retrospective changes, automatic reposting and reversing of postings, posting of correction postings
• Using posting templates
  Saving recurring postings as posting templates and organising them in template groups, posting templates and whole template groups
• Checking posting data
  Using the “Postings” and “Unsettled items” overviews
• Creating reports
  Cash- and bank reconciliations, balance reports, filter preferences of all the standard reports
• Day-end and month-end closings
  Creating and uploading closings, status of closings, correction of rejected closings