Microsoft Dynamics 365 Business Central Application

Beskrivelse

This five-day course provides students with the tools to set up the financial management application area. The focus is on the key financial functions within the organization such as the Cash Management, the management of VAT, Journal development and transactions, the General Ledger, and Receivables and Payables Management.

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After completing this course, students will be able to:

• Explain and set up the fields on the General Ledger Setup window.

• Explain and set up Accounting Periods.

• Explain how to use the Chart of Accounts.

• Explain the elements of the G/L Account Card.

• Explain the elements of the G/L Account Card ribbon.

• Explain the elements of the Chart of Account ribbon.

• Explain the general journal entry and posting system.

• Create and post general journal entries.

• Describe standard general journals.

• Describe recurring general journals and include the fields and allocations.

• Show how to use recurring journals with allocations and how to record accruals.

• Explain how to reverse and correct journal entries.

• Describe the Bank Account Card.

• Explain the Payments FastTab on the customer card.

• Explain the Payments FastTab on the vendor card.

• Show how to enter and post payments received from customers, by using cash receipt journals.

• Show how to enter and post payments to vendors by using the payment journal.

• Explain the Suggest Vendor Payments batch job.

• Explain how to print and post payables checks.

• Explain and show how to financially void a check.

• Explain how to void and reprint computer checks.

• Explain how to apply entries to customer and vendor ledger entries.

• Explain how to unapply entries to customer and vendor ledger entries.

• Explain how to reverse customer ledger entries posted by using journals.

• 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 to use payment discounts.

• Process transactions for various situations that benefit from payment discounts.

• Set up Microsoft Dynamics NAV to use a payment discount tolerance.

• Process transactions for various situations that benefit from using a payment discount tolerance.

• Set up Microsoft Dynamics NAV to use a payment tolerance.

• Process transactions for various situations that benefit from using a payment tolerance.

• Review how a payment discount tolerance and a payment tolerance are reflected in the detailed customer and vendor ledger entries.

• Explain why and when Reminders and Finance Charge Memos are used.

• Set up Microsoft Dynamics NAV to use reminders.

• Explain how to create and issue reminders.

• Set up Microsoft Dynamics NAV to use finance charge memos.

• Explain how to create and issue finance charge memos.

• Explain the different VAT calculation types.

• Show how to reverse a VAT charge.

• Describe how to correct a posted VAT entry.

• Show how to record Import VAT.

• Explain the Prices Including VAT fields on sales and purchase documents.

• Explain how to adjust calculated VAT amounts in sales and purchase documents and journals.

• Describe unrealized VAT.

• Explain, create, and print a VAT Statement.

• Explain and run the Calc. and Post VAT Settlement batch job.

• Explain the requirements for setting up prepayments.

• Set up and assign prepayment General Ledger accounts.

• Set up prepayment numbering for sales and purchases.

• Set up default prepayment percentages on customers and vendors.

• Set up default prepayment percentages for Customer-Item and Vendor-Item combinations.

• Set up prepayment posting verification for sales and purchases.

• Explain the prepayment processing flows for sales and purchase orders.

• Describe the prepayment-specific fields on sales and purchase orders.

• Create sales and purchase orders with prepayment percentages and amounts.

• Create prepayment invoices that are from sales and purchase orders.

• Explain the processes available to correct posted prepayment invoices.

• Close the accounting periods for the fiscal year.

• Explain and run the Close Income Statement batch job process.

• Complete the closing process by posting the general journal. Application Setup Content:

• How to setup a new company using Rapidstart

• How to create configuration packages to be able to copy masterdata from one company to another

• How to transfer data from another ERP-solution to NAV 2018/Dyn365bc (Masterdata like customer-information and opening balances)

• How manage user rights and profiles

• Creating new users (Active Directory users and External users)

• Setting up userpermissions

• Creating new userpermission sets

• How to setup numberseries which is being used everwhere in the application to do automatic numbering of data like customers, vendors, orders, journals etc.

• What is trailcodes and how to do the setup

• How to setup Journal Templates and Batches

• How to setup Customer-, Vendor- and Item-Posting Groups

• How to setup General Business Posting Groups and General Posting Groups

• How to setup VAT Business Posting Groups and VAT Product Posting Groups

• What is Dimensions and how to do the Setup

• Learn how to create new dimensions

• Learn how to block or allow dimension combinations

• Learn how to setup default dimenions on G/L Accounts, Customers, Vendors and Items Finance Essentials:

• How to do the Company Information Setup

• How to do the General Ledger Setup

• What is Accounting Periods and how to do the setup

• Setting up and using Inventory Periods

• What is the Chart of Accounts and how to create it.

• What are General Journals

• Standard Journals vs. Recurring Journal

• How to create and post journal lines

• How to reverse and correct posted journals

• What are Register tables

• How to do deferrals

• Receivables and payables management

• Setup of Payment discounts

• How to do a sale with a payment discount

• How to setup payment tolerance either on discounts accounts or payment tolerance accounts

• How to process a purchase or a sale with discounts

• How to process a purchase or a sale with a payment difference (within a tolerance)

• Cash Management Receivables and payables

• How to create a bank account and why

• How to do a Cash Receipt journal and apply the payments

• How to perform a vendor payment suggestion journal and how to export the file to the bank

• How to unapply a wrongly applied payments and apply it correctly

• How to reverse a posted journal

• A quick walkthrough of how to Create, Print and post cheques

• How to void a cheque

• Reminders

• How to create and assign reminder terms to customers

• How to create a reminder and how to issue one with or without a fee

• Finance Charge Memos

• How to create and assign finances charge terms to customers

• How to create and issue a finance charge memo

• VAT Setup

• How to setup VAT and understand the VAT types

• How to display the VAT Amounts on sales and purchase documents

• How to change the VAT on a sales or purchase document

• What is the difference between unrealized VAT and Realized VAT.

• How to do a VAT settlement

• Prepayments on customers and vendors

• Posting Group Setups for prepayments and unrealized VAT.

• Numberseries for prepayments

• Prepayment percentages on Items, Vendors and Customers

• The Process from start to end and how to correct prepayments.

• Year End closing procedures

• What does it mean when you do a Year End Closing

• What batches is needed to be run

• What reports needs to be printed

• How to run the Close Income Statement and post the Journal

• What to do afterwards in a new “company year”. Finance Advanced:

• Currencies

• How to setup Currencies.

• How to automate download of currencies

• How to create a sales or purchase document using a currency

• How to post a payment in a currency

• Learn about realized unrealized gains and losses on a currency.

• How to post expenses in a currency in a general journal

• What is the Additional Reporting Currency and how setup and use it

• Intrastat

• What is intrastat

• Hot to do the setup of the Intrastat Tariff numbers on Items

• How to setup and use Transaction types

• How to create the Intrastat report

• The VAT Rate change Toolkit

• What to do if the VAT rate changes? And how to use the this tool to implement this as easy as possible.

• Budgets

• How to use budgets (There are three kinds of them - General Ledger Budget, Sales Budget (Customer/Item) - Purchase Budget (Vendor/item).

• How to manually create a budget

• How to copy a budget/existing General ledger entries into a budget

• How to export/import a budget to Excle

• What reports to compare budgets with actual

• Financial Reporting and Analysis

• What is Account Schedules (Lines and Columns)

• Learn how to create different types of Account schedules

• How to do Analysis by Dimensions

• Cash Flow Forecasts

• What is a cash flow forecast

• How to do the setup on customers and vendors

• How to do create the Cash Flow Accounts

• How to enter manual expenses and revenues

• How to create and use the Cash flow Worksheet Fixed Assets

• What is a Fixed Asset - and what types of assets can we have

• General Fixed Asset setup

• Fixed Assets Posting Groups

• Fixed Asset Depreciation Books Setup

• How to Create a Fixed Asset

• How to register/Aquire a Fixed Asset

• How to register the fixed asset using the wizard

• How to register the fixed asset using a purchase document

• How to register the fixed asset using a Fixed Asset Journal

• How to Depreciate a fixed asset or do a write down using a journal

• How to sell a fixed asset

• How to scap a fixed asset

• How to register repair costs on a fixed asset

• How to register Insurance on a fixed asset and verify whether you are over or under insuranced.

• How handle main and assets compontents

• How to handle multiple assets like x number of the same asset.