Course Description
Students will learn key financial functions of Microsoft Dynamics such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.
After completing this course, students will be able to:• Explain and set up the fields on the General Ledger Setup window.• Create and post general journal entries.• Describe the Bank Account Card.• Explain the Payments FastTab on the customer and card.• Explain how to apply entries to customer and vendor ledger entries.• Review the Bank Account Reconciliation window and the options for populating the bank reconciliation lines.• Show how to process a bank reconciliation.• Set up Microsoft Dynamics NAV 2013 to use payment discounts.• Set up Microsoft Dynamics NAV 2013 to use reminders.• Explain how to create and issue reminders.• Set up Microsoft Dynamics NAV 2013 to use finance charge memos.• Close the accounting periods for the fiscal year.
This course is intended for a partner that sells and implements the finance module to customers. The typical partner has an ERP background and is strong in accounting principles.
Agenda
Finance Management Setup
- General Ledger Setup
- Accounting Periods
- Lab : Accounting Periods
Chart of Accounts
- Chart of Accounts Overview
- G/L Account Card
- G/L Account Card Ribbon
- Lab : Create a Revenue Account
- Lab : Assign a Dimension to Multiple Accounts
General Journals
- Creating and Posting Journal Entries
- Standard Journals
- Recurring Journals
- Processing Recurring Journals
- Lab : Create a Journal Entry
- Lab : Create and Post a Recurring Journal
Cash Management – Receivables and Payables
- Bank Account Overview
- Customer Overview
- Vendor Overview
- Cash Receipt Journal and Payment Journal Overview
- Suggest Vendor Payments
- Print and Post Payables Checks
- Voiding Checks
- Applying Payments
- Unapply Customer and Vendor Ledger Entries
- Reversal of Posted Journals
- Lab : Create a Bank Account
- Lab : Apply and Post Cash Receipts
- Lab : Enter and Post Manual Checks
- Lab : Suggest Vendor Payments for a Single Vendor
- Lab : Financially Void a Check
- Lab : Void a Check
- Lab : Unapply Posted Ledger Entries
Cash Management
- Bank Reconciliation
- Complete a Bank Reconciliation
Receivables and Payables Management: Payment Discount and Payment Tolerance
- Set Up Payment Discounts
- Lesson 2 to 3: Process Payment Discounts
- Lesson 4 to 8: Set Up and Process Payment Tolerances
- Lesson 9: Review the Posted Payment Discount Tolerance and the Payment Tolerance Entries
- Lesson 10: Review Customer and Vendor Statistics
- Lab : Post a Customer Payment with a Discount
- Lab : Apply Posted Partial Customer Payments with Discounts
- Lab : Set Up a Payment Tolerance
- Lab : Process a Customer Payment Tolerance
- Lab : Adjust the Vendor Payment Discount Amount
Receivables Management: Reminders and Finance Charge Memos
- Set Up and Assign Reminder Terms
- Set Up and Assign Number Series for Reminders and Issue Reminders
- Create and Issue Reminders
- Set Up and Assign Finance Charge Terms
- Set Up and Assign Number Series for Finance Charge Terms
- Create and Issue Finance Charge Memos
- Calculate Interest on Reminders
- Lab : Set Up and Assign a Reminder Term
- Lab : Create and Issue Reminders
- Lab : Set Up and Assign a Finance Charge Term
- Lab : Create and Issue Finance Charge Memos
VAT
- VAT Calculation Types
- Display VAT Amounts in Sales and Purchase Documents
- Manually Adjust VAT Amounts in Sales and Purchase Documents and Journals
- Unrealized VAT
- VAT Statements
- VAT Settlement
- Lab : Adjust a VAT Amount in a Sales Document
- Lab : Adjust a VAT Amount in a Purchase Journal
Prepayments
- Setting Up Prepayments
- Set Up Prepayment Percentages for Customers and Vendors
- Set Up Prepayment Percentages for Customer-Item and Vendor-Item Combinations
- Set Up Prepayments Verification
- Prepayments Processing Flows
- Prepayment Sales and Purchase Orders Overview
- Process Prepayment Sales and Purchase Orders
- Prepayment Sales and Purchase Invoices
- Prepayment Purchase Order Process
- Lab : Set Up Prepayments for Sales
- Lab : Prepayment Sales Order Process with Payment Discount
- Lab : Prepayment Sales Order Process with Unrealized VAT
Year End Closing Procedures
- Lessons 1 to 3: Closing a Fiscal Year
- Lab : Post an Entry into a Closed Fiscal Year
Comments
Virtual 80534 Finance Essential in Microsoft Dynamics® NAV 2013 Online Live training option
Imagine an industry-leading classroom training experience from wherever you have access to the Internet.
The Virtual Online Live events listed here gives you an effective and proven online virtual learning experience with the freedom to attend virtually from anywhere.
There is also an option of experiencing Online Live from one of the many national partner centers where a computer and headset will be provided for you.
This rich and engaging virtual classroom environment lets you conveniently interact with instructors and other students.
You will hear and see your instructor as they teach the course and answer your questions via voice or text.
Choose the online live virtual training option and you can access the recorded version even after the class has finished.
The onDemand labs give you access to the same client and server technologies covered in class so you can test, apply and hone your skills by accessing the labs before and even after the class.
Technical Requirements: a computer or laptop with a modern browser and high speed internet access along with one or two monitors.