This module will discuss the core components of Finance and look at the modules involved.

Lessons

You learned some of benefits of financial management of Dynamics 365 Finance.

In this module, we will discuss how to create a new legal entity (company) and setup and configure financial management for it. This module includes general ledger.

Lessons

Lab: Exercise 1: Configure a new legal entity

Lab: Exercise 2: Create a chart of accounts and main accounts

Lab: Exercise 3: Create Advanced Rule Structures

Lab: Exercise 4: Create a fiscal calendar, years and periods

Lab: Exercise 5: Import exchange rates by using a provider

Lab: Exercise 6: Create and use Voucher templates

Lab: Exercise 7: Configure and test Accrual schemes

Lab: Exercise 8: Configure and test ledger allocation rules

Lab: Exercise 9: Set up and use Intercompany accounting

Lab: Exercise 10: Create bank transaction types and bank transaction groups

Lab: Exercise 11: Create a bank group and bank account

Lab: Exercise 12: Make deposits and perform payment reversals

Lab: Exercise 13: Use Bank management workspaces

Lab: Exercise 14: Create Cost accounting by using a wizard

Lab: Exercise 15: Perform year end close

Lab: Exercise 16: Configure Indirect sales tax

you'll be able to set up and configure financial management by preparing the G/L and others.

Dynamics 365 Finance offers extensive functionality for setting up different payment options which are shared between accounts payable and receivable modules.

Lessons

Lab: Exercise 1: Configure Terms of payment

Lab: Exercise 2: Configure Payment Schedule

Lab: Exercise 3: Configure cash discounts

Lab: Exercise 4: Create a payment calendar

Lab: Exercise 5: Configure Payment fees

you'll be able to configure payment and bank information

This topic explains the basic setup of accounts payable and the vendor setup for efficient management of vendors and vendor transactions in Dynamics 365 Finance.

Lessons

Lab: Exercise 1: Configure Method of Payment

Lab: Exercise 2: Create Vendor group and vendor

Lab: Exercise 3: Create and configure vendor posting profile

Lab: Exercise 4: Record vendor invoice and match against received quantity

Lab: Exercise 5: Use the vendor invoice matching policy

Lab: Exercise 6: Record invoice by using Invoice register, approval and Invoice journals

Lab: Exercise 7: Process Vendor payment by using a Payment journal

Lab: Exercise 8: Configure vendor collaboration

Lab: Exercise 9: Manage charges

You've now learned:

You can use the Dynamics 365 Finance and Operations apps expense management to create an integrated workflow where you can store payment method information, import credit card transactions, and track the money that employees spend when they incur expenses for your business. You can also define expense policies and automate the reimbursement of travel expenses. Expense report entry has been redesigned to simplify the experience and decrease the time that is required to complete expense reports. You can turn on this functionality in Feature management. You can add a new setup page to configure the visibility of expense fields, and specify what data is required, optional, or not available when expense reports are entered. When this functionality is turned on, a new expense workspace is available. This workspace replaces the previous expense workspace and is the landing page for the improved entry experience. Travel and expense management has a strong value proposition for organizations with discretionary spending. Travel and entertainment expenses are a significant part of a company's controllable expense. To help curb these costs, expense management provides a mechanism to define and apply expense policies, in addition to flagging and reporting on abusers of the policies. Additionally, automating the entry and reimbursement of travel and entertainment expenses reduces processing costs versus manual entry. Expense management has tight integration with other modules such as Accounts payable, General ledger, Procurement, and sourcing and Project management and accounting.

Lessons

Lab: Exercise 1: Create an Expense Category

Lab: Exercise 2: Create an Expense Policy

Lab: Exercise 3: Create an Audit Policy

Lab: Exercise 4: Create and Submit an Expense Report

you have learned some of benefits and overall features and functionality of Expense management.

You need to configure the Accounts receivable module to be able to perform A/R functionality. You could then create customer invoices, post packing slips, use free text invoices that are not related to sales orders, and receive payments by using several different payment types such as cash, checks, credit cards, and electronic payments from your customers. Managing prospects and customers properly helps businesses to fulfil some of their requirements, such as customers’ satisfaction. At the same time, proper management avoids loss by checking many factors such as the credit limit and blocking the order being processed if it violates the policies of the company. Salespersons are the key for company’s revenue, and their commissions should be taken care of upon completion of the sales cycle.

Lessons

Lab: Exercise 1: Configure Method of Payment

Lab: Exercise 2: Create a new customer group and customer

Lab: Exercise 3: Configure and maintain customers

Lab: Exercise 4: Create and configure customer posting profile

Lab: Exercise 5: Create and process free text invoices

Lab: Exercise 6: Process invoice and settle it against a payment

Lab: Exercise 7: Set up charge codes for Accounts receivable

Lab: Exercise 8: Configure Credit and collections

Lab: Exercise 9: Perform Write-Offs

Lab: Exercise 10: Process credit and collections

you have learned how to:

Every organization, whether it is private or public, sets financial and operational goals by creating budgets. When the budget is established, management monitors the activities within the budget framework.

Lessons

Lab: Exercise 1: Configure Basic budgeting components

Lab: Exercise 2: Configure Budget control components

Lab: Exercise 3: Use Budget register entries

Lab: Exercise 4: Configure Budget planning, create and use a planning process

you have learned how to:

The way in which fixed assets are handled must correspond to both international accounting standards and the accounting legislation in each country/region. Requirements might include rules for recording acquisition and disposal transactions, depreciation, lifetimes, and write-ups and write-downs of fixed assets. The Fixed assets functionality incorporates many of these standards and rules.

Lessons

Lab: Exercise 1: Configure fixed assets components

Lab: Exercise 2: Set up and create depreciation profiles

Lab: Exercise 3: Acquiring an Asset Using the Fixed Assets Journal

Lab: Exercise 4: Depreciating and disposing an asset

you have learned how to:

Yes, this training is part of multiple Dynamic 365 certification. See certification here.